CapitaLand to establish new $500 million fund

 CapitaLand will establish a $500 million fund next year to invest in commercial property, primarily in Ho Chi Minh City and Hanoi.

Should Vietnamese develop games like Pokemon Go or Flappy Bird?

Both Flappy Bird and Pokemon Go are well known worldwide. However, the level of investment in the two games varied, especially in content and graphics. How can game developers succeed?

Doctoral training in Vietnam: cheap or expensive?

A Phd programme in Vietnam requires VND15 million in tuition costs a year, while the average cost is $15,000 (VND200 million) in developed countries. 

Vietnam faces high-ranking personnel crisis: experts

VietNamNet Bridge - Vietnam is finding it difficult to fill high-ranking officers for businesses, as most CEOs continue to be foreigners.

Euro 4 emission standard must be enforced to avoid trade fraud

VietNamNet Bridge - Vietnam’s plan to apply Euro 4 emission standard for vehicles by early 2017 may fail if there is no clear requirement on the quality of fuel, experts have said. 

Thai Beverage mulls over bidding for Sabeco and Vinamilk

Thai Beverage is considering bidding for Vietnamese state-owned enterprises Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and Vietnam Daily Products JSC (Vinamilk), according to newswire Nikkei.

Life’s worth it, says new documentary

 VietNamNet Bridge – Director Dang Hong Giang has a habit of sitting in the back rows of a cinema hall to watch the audience as they watch his films.

Dan bau embodies Vietnamese culture

 VietNamNet Bridge – Vietnam’s dan bau, or monochord, produces seductive sounds which represents the Vietnamese soul and feelings. Dan bau is considered a special witness of Vietnam’s history and culture.

An 11th grader breaks a mirror, and holds one up

 VietNamNet Bridge – There was no one around when an eleventh grader from Hai Phong City riding his bike accidentally broke the mirror of a car parked on the street.

Cosmetics industry getting a green makeover

Though relatively small, having generated only US$652 million in total sales last year, rising middle-class disposable incomes are feeding strong growth in the Vietnam cosmetics market.

Eager for the speed of growth, Vietnam will lag behind forever

VietNamNet introduces the second part of the talk “Integration and Development”. 

BUSINESS IN BRIEF 23/11

 Vietnam tops ASEAN in trade with Canada, Industrial production to rise 8% in 2017: MoIT, Standard Chartered offers support to Vietnamese SMEs, MBBank, Shinsei Bank sign co-operation agreement

Hai Nam Assembly Hall in Hoi An opens to tourists

 Hai Nam Assembly Hall has become a new sightseeing spot in the ancient town of Hoi An since it formally opened to the public on November 23.

Using state money to receive guests: 3/10 spent for guests, 7/10 for hosts

 VietNamNet Bridge – In developed countries, which grant funds to help poor countries, the use of state money is strictly controlled, but it is not so in a poor country like Vietnam.

HCM City approves $2.9 billion for environmental projects

 The HCM City People’s Committee has approved a plan to spend up to VND64.2 trillion (USD2.9 billion) to carry out 54 environmental projects by 2020.

Nha Trang shipping container hostel design praised

Ccasa Hostel is the first hostel which was built from shipping containers in the southern coastal resort town of Nha Trang. The hostel design was highly appreciated by architecture website Archdaily.

Delays see Hanoi metro route costs soar

 The Nhon-Hanoi Station metro route project continues to be delayed until as late as 2019 as the investor claim they need more capital to cover additional expenses.

Taekwondo demonstration team K-Tigers to perform in Hanoi

 Taekwondo demonstration team K-Tigers will join 2016 Korean Cultural  Festival that will be organized at the Vietnam-Soviet Cultural Friendship Palace in Hanoi on November 25-26. 

Vietjet to IPO next month

 Vietjet Air will conduct an IPO worth $200 million next month, according to Reuters.

Steering Committee for 2017 census established

 The Ministry of Planning and Investment has established a steering committee for the conduct of the government’s 2017 economic census.

Hanoi marvellous streets filled with ox-eye daisies

These days, the beauty of ox-eye daisies (Cuc hoa mi) transform Hanoi city streets into picturesque portraits fit for a postcard.

Dialling codes to change from Feb 2017

 The dialling codes of all cities and provinces, except Hanoi and HCM City, will change to a three-digit number early next year.

Master plan for Mekong Delta’s tourism development approved

 The Prime Minister has approved overall planning a master plan for tourism development in the Mekong Delta region until 2020 with a vision to 2030.

All-star line up to rock HCM City this December

Multi-platinum selling band, Michael Learns to Rock, will be making their way to Ho Chi Minh City on December 21 giving fans the ultimate experience with songs off their greatest hits album, 25 at the Quan Khu 7 Stadium. 

Daesang completes buy-out of Duc Viet Food

ROK food-producing conglomerate Daesang Corp. has completed the acquisition of a 99.99 % stake in Vietnamese meat processor and distributor Duc Viet Food Joint Stock Company for US$32 million.