Indonesia, Vietnam pledge to boost strategic partnership

 Vietnam and Indonesia need to enhance economic-trade and investment ties and speed up the implementation of an action plan on realising their strategic partnership in 2014-18.

Vietnam has 127 mil. mobile phone subscribers

 VietNamNet Bridge – The number of mobile phone subscribers in Vietnam has dropped significantly as registrations for pre-paid service have been tightened, but there are still around 127 million subscribers

BUSINESS IN BRIEF 12/1

 Sime Darby sets up Vietnamese subsidiary, Agriculture growth set at 3.5%, EVN's 3-year profit just $1.55 million, UK seeking Fintech partners in Vietnam, Fine regime introduced for multi-level marketing

A café with handmade products

 VietNamNet Bridge – Cafe Me on Luong Huu Khanh Street in District 1, HCMC is a place for artists and those who love handmade products.

List of high technologies for prioritized development investment

 VietNamNet Bridge – The following is the list of high technologies that the Government gives high priority to development investment.

Education Ministry’s suggested new educational system is disappointing

VietNamNet Bridge - The new national education system plan submitted by the Ministry of Education and Training (MOET) to the Prime Minister is believed to contain ‘no new thing’.

Hanoi plans measures to reduce traffic jams

 Ha Noi aims to reduce up to 10 traffic congestion hotspots and limit the duration of traffic jams to less than 30 minutes, People's Committee Chairman Nguyen Duc Chung said.

Shrimp farming threatens Lang Co Bay

VietNamNet Bridge - Many white-leg shrimp farming areas have been set up next to the Lap An Lagoon in Lang Co Town in Thua Thien - Hue province, threatening the world’s beautiful bay of Lang Co.

10 big bankers on Vietnamese stock market

VietNamNet Bridge - The shareholders of big listed banks - Sacombank, ACB and SHB – in 2015 had total stock assets worth VND3.55 trillion, an increase of VND275 billion compared with the previous year.

Saigon fish farmers raking in koi profits

 Farmers in Binh Chanh District, HCM City, are farming ornamental Japanese koi fish and Japanese carp following an incentive programme launched by the city recently.

Billion-dollar Victory oil refinery remains uncertain

The fate of $22 billion Victory Oil Refinery project, invested by Thailand’s PTT Public Company Limited (PTT) and Saudi Arabian Oil Company (Saudi Aramco), remains uncertain in the face of a global slump in oil prices.

A look back on Vietnam’s fine arts in 2015

 VietNamNet Bridge – The year 2015 was marked with flourishes in many fields of Vietnam’s fine arts, which can be seen in the numerous quality exhibitions and well-regarded fine arts events, as well as positive signs in the art market.

HCM City police concerned by foreign cyber-crime growth

 VietNamNet Bridge – The number of crimes committed through the use of high technology and on the internet by foreign individuals and groups has caused concern to the security police in HCM City.

Vietnamese retailers brace for 7-Eleven entrance

  Japanese retail giant Seven & I Holding Group’s expansion to Vietnam is likely to create severe competition in Vietnam’s retail landscape.

India-Vietnam cooperation centre set up in Odisha State

 Vietnamese Ambassador to India Ton Sinh Thanh has attended a ceremony to mark the establishment of an India-Vietnam cooperation centre in Odisha State (formerly Orissa).

Party Central Committee’s 14th meeting opens

 The 11th Party Central Committee convened its 14th meeting in Hanoi on January 11.

Social News 11/1

Outstanding scientist, students, social contributors honoured, Many land use certificates yet to be issued, Malaysian man nabbed for exchanging fake money in Nha Trang, Social insurance to offer new incentives

Smell test for Indonesia's motorcycle taxi candidates

 So stiff is competition between Indonesia's motorcycle taxis app companies that new entrants are going to extreme lengths to stand out.

Uber transfers nearly $50,000 from VN to the Netherlands/day?

VietNamNet Bridge - According to the Department of Transport of HCM City, around 4,000 Uber taxis are operating in HCM City and around VND1 billion (nearly $50,000) of profit is transferred to the management company in the Netherlands each day.

Asian shares extend losses as China sows confusion

 Asian shares sank to their lowest in over four years on Monday as doubts mounted about Beijing's ability to manage the world's second-biggest economy.

Five things the U.S. stock market is worried about after last week's rout

 Investors were hoping 2016 would be a fresh start after the U.S. stock market sputtered to wrap up 2015. Instead, what they got was rotten.

Hazardous medical waste processed into household plastic products

The local media has reported that tens of tons of hazardous medical waste that would have been destroyed under strict procedures at licensed facilities were recycled at Vietnam’s largest and most prestigious hospital, Bach Mai Hospital in Hanoi. 

False rumors place businesses in jeopardy in 2015

VietNamNet Bridge - It will be unfortunate if businesses see their share prices fall dramatically or their sales to slow down in 2016.

Dak Nong’s largest volcanic cavern in pictures

A volcanic cavern system in the Central Highlands province of Dak Nong- the longest of its kind in Southeast Asia- is set to open to public in 2016.

Zen Master Thich Nhat Hanh returns to France for treatment

 VietNamNet Bridge - After a period of treatment in the US, on January 8 Zen Master Thich Nhat Hanh returned to the Plum Village (France) to seek appropriate treatment methods.