Real estate inventory falls 60% in two years

A recent report from the Ministry of Construction painted Vietnam’s real estate sector in a positive light in 2015, especially regarding property inventory and the disbursement of the government’s $1.4 billion housing credit support package.

Plans to reduce traffic congestion by 2020 ‘unfeasible' transport official

 VietNamNet Bridge – Bui Danh Lien, chairman of the Ha Noi Transport Association, spoke to Hai Quan (Customs) online about measures to limit the use of private vehicles and promote public transportation.

Domestic enterprises to face stiff competition in attracting skilled employees

 Domestic enterprises will continue to face stiff competition from foreign enterprises in attracting and retaining talent and skilled employees.

VN Gov't to grant $4.5 million for waste treatment in polluting craft villages

 Twenty traditional craft villages that were identified as Ha Noi's worst polluters will receive Government funds totaling VND100 billion (US$4.5 million) to build wastewater treatment systems by 2020.

Dancesport becomes popular in Hanoi

 VietNamNet Bridge – Dancesport has become more popular in Hanoi and other major cities in Vietnam.

Poor provinces request more ODA

About $15.5 billion worth of preferential loans within the framework of official development assistance (ODA) have been allocated to localities in the last 10 years. 

Image: A unique orchard in Hanoi

 VietNamNet Bridge – For the last three years, Mr. Le Duc Giap from Cao Vien Commune, Thanh Oai District, Hanoi has gotten rich thanks to his unique ornamental trees, which have up to 10 kinds of fruits  on one tree.

BUSINESS IN BRIEF 17/1

 ADB operations reach $27b in 2015, Consumer credit boom expected in next five years in Viet Nam, Sime Darby sets up Vietnamese subsidiary, Work begins on a steel sheet plant in Nhon Hoi economic zone

Social News 17/1

 Phu Yen people resist resettlement, HCM City targets 5.1 million int’l visitors in 2016, Voluntary social insurance buyers to get Gov’t subsidy, Unpaid social insurance premiums still high, Official backs student recruitment cap for universities

Paintings made of wires and Nipah palm trunks

Senior painter Do Nam has become famous for his works created from wires and Nipah palm trunks. His paintings are popular not only at home but abroad as well.

Swimmer Anh Vien – Steel woman of the water

 VietNamNet Bridge – Nguyen Thi Anh Vien is one of the most brilliant athletes of Vietnam in 2015. With a sparkling collection of nearly 50 medals of different colours, the Can Tho-born swimmer has been named by the international press

Vietnam’s coordinated measures to respond to climate change

 VietNamNet Bridge – Vietnam considers climate change response one of its key tasks in 2016 as Vietnam is one of the countries most affected by natural disasters and climate change.

Gov't to increase energy efficiency in buildings

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved an efficient-energy project aimed at reducing the amount of carbon dioxide emitted by trade centres and apartment complexes in major cities.

Vietnam to launch three more satellites

 VietNamNet Bridge – Vietnam is preparing plans to put three remote sensing satellites, VNREDSat-2, LOTUSat-1 and 2, into orbit more than two years after the successful launch of the first one.

The youngest self-made billionaires

VietNamNet Bridge - Not all stock billionaires were born into rich business families and can inherit huge assets from their parents. There are young and self-reliant billionaires on Bizlive’s list of billionaires.

Teachers accused of ‘torturing’ students

VietNamNet Bridge - A teacher in Binh Dinh province has reportedly forced a student to lie face up on the podium and poured water in the student’s mouth. He also beat students and slapped them on the face.

Hong Kong banquet marks Vietnam-China diplomatic ties

 Vietnamese Consul General to Hong Kong and Macau (China) Hoang Chi Trung on January 15 hosted a banquet to mark the 66th anniversary of diplomatic ties between Vietnam and China (January 18, 1950).

Empress Nam Phuong among world’s most beautiful royal women

 VietNamNet Bridge – Empress Nam Phuong, known as the first and primary wife of Bao Dai, the last emperor of Vietnam, has been chosen as one of the world’s most beautiful royal women of all time, according to a local newspaper.

Overseas investors cash in on AEC single market

 VietNamNet Bridge – The new incentives ushered in by the establishment of the ASEAN Economic Community have prompted foreign investors to boost their investment in Vietnam.

Cajeput oil cooking village in Thua Thien-Hue

 VietNamNet Bridge – Tourists can catch sight of shops selling cajuput oil along the way through Loc Tien and Loc Thuy Communes in Phu Loc District, Thua Thien-Hue Province.

Imported steel poses a threat

 VietNamNet Bridge – Viet Nam risks being flooded by imported steel products, warned Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association (VSA),

Mexican ruling party sends congratulations to CPV’s 12th Congress

Manilo Fabio Beltrones, Chairman of the Institutional Revolutionary Party, extended his congratulations to General Secretary of the Communist Party of Vietnam Nguyen Phu Trong on the occasion of the 12th National Congress.

Photos: Strange fruits for the well-off

 VietNamNet Bridge - In 2015, many kinds of oddly colored or shaped fruits selling for very high pricesare on the market. 

Plan to limit obscure regulations

 VietNamNet Bridge – Head of the Viet Nam Chamber of Commerce and Industry's Legal Department, Dau Anh Tuan, spoke to Hai Quan (Customs) newspaper about legal regulations that affect local enterprises.

Fruit-like rocks for home décor

 VietNamNet Bridge – Fond of rocks, Le Tri Tue, 57, and his wife have been collecting beautiful rocks from mountainous regions for over ten years. They are now famous for their impressive collections of different types of rock,