BUSINESS IN BRIEF 19/4

Sowatco wants to withdraw from Saigon Centre, Moody’s: Remittances to Vietnam unaffected by oil price slump, Thailand largest vehicle exporter, $4 billion South Hoi An resort to break ground shortly

1.3 tonnes of smuggled Chinese additives, candy seized

 Environmental police in Hanoi have seized 1.3 tonnes of food and additives whose origin is unknown and 10,000 packs of various kinds of candy.

Vietnamese nationals in Japan get support after earthquakes

 The Vietnamese Consulate General in Fukuoka, Japan, is actively carrying out measures to support Vietnamese nationals affected by the recent back-to-back earthquakes in Kumamoto Prefecture and its surrounding areas.

Vietnam ranks 54th in terms of female presence in parliament

 Women take 24.2 percent of the seats in Vietnam’s National Assembly in the 13th tenure (2011 – 2016), ranking the country 54th among the 190 surveyed nations and fourth among the 10 ASEAN member states.

Key officials study 12th Party Congress Resolution

 Key Party officials from ministries, central agencies, organisations and provinces and cities are gathering at a national conference in Hanoi to study the Resolution and documents issued by the 12th National Party Congress.

More evidence of hydroelectric projects’ harm to Mekong Delta

A group of Vietnamese and international experts recently published the research on relations between rapid erosion in the Mekong Delta and human activities

The charm of Sapa

VietNamNet Bridge – Many local and foreign tourists often pick Sapa as part of their journeys to the northwest of Vietnam to not only enjoy the cool climate and scenes but also explore the diverse cultures of ethnic minority groups

Vising Vietnam's only gold-laminating village

 Kieu Ky in Hanoi's Gia Lam District is the Vietnam's only village which specialises in laminating gold by hand.

Vietnam has high tax on dairy products, low tax on beer & liquor

VietNamNet Bridge - Experts have pointed out that it is unreasonable to impose low tax on discouraged products such as beer while imposing high taxes on milk. 

Vietnamese-American author wins Pulitzer

Vietnamese-American Nguyen Thanh Viet has won the Pulitzer Prize 2016 for his novel titled The Sympathizer.

HCM City to hold int'l travel expo 2016

 The International Travel Expo HCM City 2016 (ITE HCMC 2016) will be held from September 8-10 with 400 local and foreign companies participating from over 30 countries and territories.

Vietnam posts $1.36 billion trade surplus in Q1

 Vietnam registered a trade surplus of 1.36 billion USD in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported. 

Malaysia detains 14 more Vietnamese fishermen

 The Malaysian Maritime Enforcement Agency (MMEA) captured a Vietnamese fishing vessel with 14 crew members on April 17 accused of illegally fishing in waters off Tok Bali, Kelantan state.

Vietnam helps deepen Asia-Europe partnership

 Vietnam will host a conference promoting the Asia-Europe partnership in the 21st century on April 20, representing one of the country’s significant efforts to deepen relations between the two continents.

Vietnam advocates peaceful settlement of Israel-Palestine conflict

The Vietnamese Permanent Representative to the UN has affirmed Vietnam’s support for the peaceful settlement of the protracted Israel-Palestine conflict in accordance with relevant UN resolutions while calling for an end to all acts of violence.

Largest group of rare primate in Vietnam endangered

 Seven groups of Indochinese gray langurs, with 192-212 living in the Xuan Lien Nature Reserve in Thanh Hoa province, are endangered due to local residents’ hunting, the Nature Reserve’s management board said. 

Newly-appointed transport minster faces numerous challenges

 Newly-appointed Transport Minister Truong Quang Nghia said that the transport sector will continue to face major infrastructure development issues given the country's sharply increasing public debts.

Education ministry push fantasy English teaching plan

 It is estimated that the country needs approximately 7,770 teachers of English for primary schools based on the Ministry of Education and Training (MOET)'s National Foreign Languages Project by 2020.

Vietnam Museum of Ethnology awarded most attractive destination in Vietnam

 The Vietnam Museum of Ethnology (VME) has recently been awarded the ‘Most Attractive Destination in Vietnam in 2015’ title by the Vietnam Tourism Association.

Aussie displays love for girlfriend through Vietnamese

 An Australian man has travelled to seven countries carrying a sign reading ‘I love you’ in Vietnamese for his Australian girlfriend.

Tan Son Nhat Airport faces rising over-crowding

  Ho Chi Minh City’s Tan Son Nhat International Airport will reach its 40 million passenger per annum capacity by 2018 a conference recently heard.

European literature book days to be held in May

 The European literature book days will be held for the first time at Nguyen Van Binh Book Street in Ho Chi Minh City’s District 1 from May 8-12.

Vietnamese tourists to Japan the highest in ASEAN

 Vietnam has the highest number of tourists among Southeast countries visiting Japan, with 2015 growth being up 1.5-fold over 2014.

A strong boost for economic growth in a poorest province

PM Nguyen Xuan Phuc on April 17 highlighted several advantages of the central province of Quang Tri while attending the locality’s investment and tourism promotion conference on April 17.

JX Nippon Oil invests in Nam Van Phong

Japan’s JX Nippon Oil and Energy Corporation last week officially agreed to purchase an 8 per cent stake in state-run Petrolimex, which holds 55 per cent of the local petroleum retail market share.