Vietnam looking at $4 billion trade deficit in 2015

Vietnam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said.

BUSINESS IN BRIEF 10/12

VAMC buys bad debts of $2 billion in Q3, Foreign sector’s export value hits US$105 billion in 11 months, Hoa Sen to build huge steel mill in Binh Dinh, BIDV hard to meet criteria for ACV strategic investors

Section of trans-Asia waterway route to be built in Vietnam

 Prime Minister Nguyen Tan Dung yesterday sent an official dispatch to ministries and investors for construction of a hydropower system and a trans-Asia waterway route section on the Red River.

Vietnam seen among Asia’s top 5 retail markets

 Final consumption expenditure (percent of GDP) in Vietnam was estimated at 70 percent last year by the World Bank with household consumption accounting for 90 percent, making the country among Asia’s top 5 retail markets.

Plastic waste discharge in ocean at high level in Vietnam

VietNamNet Bridge - Vietnam is among five countries in the world with the most plastic waste discarded into the ocean. 

Boston Global Forum to honor outstanding leaders on Global Cybersecurity Day

VietNamNet Bridge – The US-based Boston Global Forum will present the “World Leader for Peace, Security and Development” Awards on Global Cybersecurity Day (December 12).

Are Vietnamese now fed up with iPhones?

VietNamNet Bridge - Since the first iPhone 2G was launched on the market in 2007, nine iPhone generations with 12 models have been marketed. Many Vietnamese fans of iPhones have begun to be a bit bored with the phone.

Government News In Brief

 Parties’ connections pivotal to Vietnam-Azerbaijan relationship, Cambodian Senate President greets Vietnamese lawmaker, Hung Yen constituents meet local NA deputies, Vietnam’s 70-year human rights achievements highlighted

VN-Laos-Cambodia join hands to fight drug trafficking

Vietnam will further co-operate with its neighbours and the international community to tackle drug trafficking in an attempt to make the ASEAN bloc drug-free, Deputy Prime Minister Vu Duc Dam said.

Council to elect HCMC People's Committee's new leaders

 Councilors of HCM City have assembled for a four-day meeting to vote for new leaders of the municipal People's Committee and discussion of several urgent issues as well as a review of socio-economic development.

NA to discuss taxes, customs in last session of legislature

Members of National Assembly Standing Committee started its 43rd meeting yesterday, focusing on preparations for the last session of 13th legislature expected to be opened next March.

Bank cards still not popular with many Vietnamese

VietNamNet Bridge - Commercial banks appear to be rushing to issue bank cards but Vietnamese still don’t have the habit of making payments with plastic. 

VN, Belarusian Presidents seek ways to bolster economic links

President Truong Tan Sang and his Belarusian counterpart Alexander Lukashenko held talks in Hanoi on December 9, discussing ways to further lift economic and trade ties to a new height.

HCM City names 246 safe food selling points

 The HCMC departments of industry-trade and health have announced 246 safe food selling points of five units in the city.

Trekking and exploring Crocodile Lake in Dong Nai's Cat Tien park

 VietNamNet Bridge – By the time we arrived at Bau Sau (the Crocodile Lake) in Cat Tien National Park of Dong Nai Province, we had already spent a remarkable morning trekking through 15km of rainy jungle.

Math teachers’ English skills too low to use English as language of instruction

Five years ago, the Ministry of Education and Training (MOET) kicked off a pilot 2011-2015 program on teaching math and natural sciences in English at 30 percent of high schools in large cities. However, the target has been difficult to reach.

Lobster farmers squeezed by Chinese traders

 Lobster farmers in some central coastal provinces of Khanh Hoa, Binh Dinh and Phu Yen are complaining about being cheated by Chinese businessmen who are buying their products at cheap prices.

Hard time for billion USD refinery projects in Vietnam

 VietNamNet Bridge - Multi-billion USD refinery projects are being implemented very slowly while the operating Dung Quat oil refinery project has constantly asked the Vietnamese government for support and incentives.

VN instant coffee market shifts focus to quality

 Instant coffee producers operating in Vietnam are expected to produce roughly 675,000 metric tons of instant coffee in 2015, according to estimates provided by the Vietnam Coffee and Cocoa Association.

A phone call at 9pm from the Vietnam Consulate in San Francisco

 VietNamNet Bridge - A telephone call from the Vietnam Consulate in San Francisco offered an invitation that surprised Ms. Phung Tue Chau, the owner of Tieng Que Huong Radio.

VN exports to grow 10% from 2021-2030

Vietnam’s exports are expected to grow by 10.1 per cent from 2021 to 2030, largely unchanged from the growth anticipated for 2015 to 2020, according to HSBC’s Trade Forecast Report released on December 9.

BUSINESS IN BRIEF 9/12

November automobile sale revenue hikes up 86 percent, Vietnam steel producer proceeds with giant mill despite oversupply worries, French beef and apple return to Vietnam, FLC approved to develop VND1.6 trillion resort in Quy Nhon

Social News 9/12

 Ministry launches campaign to support cancer patients, Hospital failed to pay salary for its employees, HCM City airport to get new car park, New project to promote use of green batteries, Vietnam, Laos sign MoU on drug prevention

National exhibition opens to showcase current trends of fine arts in Vietnam

 More than 400 artworks of painting, graphics, performance art and video art, representing Viet Nam's fine arts field between 2011 and 2015, are on display in downtown Ha Noi.

Chinese man held for phone scam

A Chinese national Xue Wen, suspected to be part of a criminal ring, was arrested in Hanoi and sent to HCM City, awaiting for his conviction yesterday.