Social News 11/1

 Vietnamese in Canada welcome traditional Lunar New Year, WB holds consultation on national cooperation strategy, Ginger farmers look set for a miserable Tet, Traffic chaos on Hanoi-Lao Cai highway

Fintechs enter new development period with huge investments

VietNamNet Bridge - Fintech is not an easy playing field for startups, but the firms have been growing rapidly with capital from investment funds.

Problems in education sector mount

VietNamNet Bridge - The educational sector has been blamed for the unemployment of 200,000 university graduates, among other issues. 

Challenges face central bank in maintaining stable interest rates

 Keeping stable interest rates in 2017, as in 2016, is considered a thorny problem for the State Bank of Vietnam (SBV) amid the constant pressure of increasing interest rates.

HCMC to upgrade BTS stations

 VietNamNet Bridge – HCM City officials have asked telecommunications companies to redesign or replace more than 5,000 base transceiver stations (BTSs) located on top of houses and other buildings.

Public, Govt debts near allowable ceilings

 VietNamNet Bridge – Last year saw public and Government debts in 2016 approaching the permissible ceilings set by the Nation Assembly (NA),

BUSINESS IN BRIEF 10/1

Unemployment grows strongly, SBV puts bad debt at 2.46%, Railway sector asked to develop sustainably in 2017, Rice producers, exporters aim to increase consumption, 30 firms win top-brand award

Two fires destroy homes, leave child dead

 VietNamNet Bridge – Two fires broke out in residential houses in HCM City and Dong Nai Province on Sunday, destroying furniture and leaving one resident dead.  

HCM City sets up hotline for food quality complaint

VietNamNet Bridge – HCM City Department of Health has set up a hotline for the public to complain about food quality during Tet (Lunar New Year) as part of a campaign on food safety.

Environmental ministry to up inspections

 VietNamNet Bridge – The Ministry of Environmental and Natural Resources will inspect projects that have high potential for causing severe environmental pollution to ensure that they are adhering to the law in 2017.

Health Ministry wants to revise two-child policy

The Ministry of Health has proposed to encourage spouses to have a maximum of two children in low-birth-rate area while attempting to tighten birth control elsewhere. 

Ha Long Bay has second clean-up day

 More than 100 volunteers, including students, representatives from businesses, NGOs, and government agencies, and in particular US Ambassador to Vietnam H.E. Ted Osius, took part in the second clean-up of Ha Long Bay on January 10.

Open-end funds outperform VN-Index in 2016

 Open-end funds operating in Viet Nam have recorded a positive 2016 with rate of returns of some funds outperforming the growth of the benchmark VN-Index on the HCM Stock Exchange.

Industry & Trade Ministry, Viettel sign agreement to boost e-governance, e-commerce

  The Ministry of Trade and Industry (MoIT) and military-owned telecom company Viettel Group on Monday signed a cooperation agreement on applying information technology (IT) to build e-governance and e-commerce infrastructure.

VN Airports Corporation to sign strategic agreement with French airport

 The Airports Corporation of Viet Nam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

Vietnam's top tennis player jumps 7 spots in ATP singles rankings

 Young tennis player Ly Hoang Nam has moved up 7 spots to No. 641 in men’s singles rankings in the latest Association of Tennis Professionals (ATP) world rankings.

Vietnam's resort among world’s top 15 hot new hotels in 2017

 CNN Business Traveller has revealed world’s top 15 hot new hotels to check out in 2017, including The Nam Hai Resort in Hoi An Ancient Town.

Smoking costs $1 trillion, soon to kill 8 million a year: WHO/NCI study

 Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published

Tramcar tour around largest flower village in western region

Low-cost tramcar service is provided for visitors to go around Sa Dec flower village to enjoy seeing different kinds of ornamental plants and flowers in full bloom.

Archaeologists unveil initial findings of Duong Xuan Mound in Hue

 Preliminary excavation findings of Duong Xuan Mound in Hue city were revealed on January 9, shedding light on a relic site dating back several hundreds of years.

Olympic Run Day 2017 slated for March 26

 The Olympic Run Day for Public Health 2017 is scheduled to begin across the country at 7am on March 26, announced the Vietnam Sports Administration.

Over 1.6 million people get new jobs in 2016

 Deputy Minister of Labour, Invalids and Social Affairs Dao Hong Lan said at a conference in Hanoi that 1.641 million people got new jobs in 2016, including at home and abroad.

PM Phuc orders annual staff reduction of 2% until 2021

VietNamNet Bridge – Prime Minister Nguyen Xuan Phuc has signed a directive ordering each ministry, agency and locality to cut staff by 1.5% to 2% annually from now to 2021, the Government said on its news website (chinhphu.vn).

Tan Son Nhat Airport to serve 1,065 more flights during Tet

The Civil Aviation Authority of Vietnam has issued a decision fixing the number of additional flights for the upcoming Lunar New Year at 1,270, with Tan Son Nhat International Airport in HCMC accounting for a staggering 1,065.

Foreign firms expand presence in retail market

 VietNamNet Bridge – Foreign companies are establishing a stronger presence on the fast growing Vietnamese retail market, according to a report which the Ministry of Industry and Trade released last Friday.