BUSINESS IN BRIEF 30/3

 Vietnam Forest Corporate to launch IPO in April, Vietnam, Laos step up investment ties, Vietnam’s chocolate sector looks to go premium, Central city to invest $133 million for Lien Chieu port, Major expansion underway at Vinamilk

Vietnamese students form second largest community in South Korea

 As many as 8,293 Vietnamese students are studying in the Republic of Korea (RoK), accounting for 7.8 percent of the total number of international students in the country, according to the RoK Justice Ministry.

Traffic jams cost HCM City $820 million each year

 Traffic congestion costs Ho Chi Minh City more than 18.3 trillion VND (820.4 million USD) every year and is hampering local economic growth.

Viettel launches 4G service for Apple iPhones

 Users of Apple iPhones and iPads can now subscribe to the 4G LTE service of military-run telecom firm Viettel in Ba Ria-Vung Tau Province.

VN makes efforts in realizing political commitments on nuclear security

 Deputy PM, FM Pham Binh Minh will lead a Vietnamese delegation to attend the 2016 Nuclear Industry Summit (NIS 2016) in Washington, D.C. from March 31- April 1.

HCM City's $45 million pavement plan faces opposition

 Experts have opposed to a proposal from District 1 People Committee in HCM City to spend USD45.5m on paving the pavements with granite stones.

Minimising corruption through better legislation, NA deputy

In a discussion at the NA on the amended draft Law on Medicine last week, a deputy from HCM City, Pham Khanh Phong Lan, said it was good to see the time for renewing medicine registration shortened to three months, from the previous six.

HCM City should become Shanghai-modelled special economic zone

 Ho Chi Minh City should become a special economic zone similar to China's Shanghai through the use of special mechanisms, said a National Assembly deputy.

Vietnam Global Education Fairs for April

 The Global Education Fair (GEF) Vietnam will again take place on April 5 in Hanoi, Da Nang and Ho Chi Minh City and is expected to attract 8,000 students in total.

377,362 households in Vietnam affected by drought and saltwater influx

 The south central, central highlands and southern region of Vietnam will continue to be impacted by the drought and saltwater influx in April.

French photographer Réhahn Croquevielle’s love for Vietnam

 French photographer Réhahn Croquevielle travelled to 32 countries but then settled in Vietnam because, he says, this place has brought him endless inspiration.

SCIC and Russian VTB Group ink MoU on co-operation

Viet Nam's State Capital Investment Corporation (SCIC) and Russian VTB Group signed a Memorandum of Understanding (MoU), which will allow both companies to expand investment between the two countries.

PetroVietnam's bio-fuel factory halts operations

  Bio-Ethanol Dung Quat, a bio-fuel factory owned by the Viet Nam Oil and Gas Group (PetroVietnam), has halted operations due to continuing losses.

Festival to honour Vietnamese Ao Dai based on songs by Trinh Cong Son

Relatives of composer Trinh Cong Son are hosting a one-week festival which kicked off on Monday at Nguyen Van Binh Book Street in downtown HCM City, honouring a collection of ao dai designs inspired by songs of the composer.

Hanoi looks to close small slaughterhouses

 Hanoi authorities plan to reduce the number of small non-mechanised slaughterhouses to 30 per cent of the total number of slaughterhouses during the 2016-20 period.

Long An told to resolve industrial park fee dispute

 Deputy PM Nguyen Xuan Phuc has urged the southern province of Long An to resolve a dispute about maintenance fees between an industrial park developer and companies operating in the park.

Rare animals found in U Minh Ha national park

 Deer, wild boar, otters, mongooses, monocle cobras and painted storks are among rare and valuable animals recently found in the U Minh Ha National Park, in the southernmost province of Ca Mau, according to the park’s management board.

Government rushes to borrow money for spending

VietNamNet Bridge - The government plans to borrow VND116 trillion this year to cover ispending, as a report to the National Assembly shows a budget deficit.

Medical intermediate schools rush to upgrade into junior colleges

VietNamNet Bridge - The Ministry of Health’s (MOH) decision to stop recruiting health workers with intermediate schools (2-year training) from 2021 has upset the calculations of all students, schools and hospitals as well.

iPhone SE not seen as a must-buy as it is inexpensive

VietNamNet Bridge - Many Vietnamese have expressed their disappointment about the newly marketed iPhone SE. Distributors think iPhone SE won’t cause a buying ‘fever’. 

HCM City pilots street vending

 The People’s Committee of District 1 in Ho Chi Minh City will start to pilot food vending in several streets from the middle of April 2016.

Vietnamese, Chinese defence ministers witness joint patrol

 Defence Minister Gen. Phung Quang Thanh and his Chinese counterpart Chang Wanquan performed the rituals of saluting territorial sovereignty marker 1223 and witnessed a joint patrol of the two countries’ border soldiers yesterday.

Kremlin says Putin, Elton John might meet in Russia in May

 Russian President Vladimir Putin could meet British singer Elton John when he visits Russia in May if room can be found in the two men's schedules,

Over 10,000 enterprises established in Vietnam in Q1

  The number of new enterprises established during the first quarter of this year increased by more than 10,000 compared to the same period of 2015, according to the General Statistics Office of Vietnam (GSO).

Journey to the centre of Son Doong Cave

 VietNamNet Bridge – When Son Doong Cave in the central province of Quang Binh made global headlines, as a son of the province, I naturally wanted to challenge myself and take the tour.