Fitch affirms VN stable debt outlook

 Fitch Ratings has affirmed Viet Nam's long-term foreign and local currency issuer default ratings (IDRs) at ‘BB-' with a stable outlook.


As changeable as Vietnam’s policies

VietNamNet Bridge - Policies change so regularly and unpredictably that businesses are confused, because their actions could be legal today but illegal tomorrow.

VN reaffirms Dak Nong sovereignty

Vietnam has absolute sovereignty over the border area of Dak Dam in the Central Highlands province of Dak Nong, which is contiguous with the Cambodian province of Mondulkiri, Foreign Ministry Spokesman Le Hai Binh said.

President of Iceland visits to boost ties

The four-day visit of President of Iceland Olafur Ragnar Grimsson to Viet Nam, starting from today, at the invitation of President Truong Tan Sang, aims to strengthen bilateral ties.

In pictures: The essence of sculpture

 Du Du village in Thanh Thuy commune, Thanh Oai district, Hanoi is a trade village that has preserved the essence of the traditional sculpture over many generations.

Lecturers lose jobs as schools cannot find enough students

VietNamNet Bridge - More than 100 lecturers at a junior college in Quang Nam province will be dismissed as they cannot find enough students.

Cool climate at Bach Ma Park

 VietNamNet Bridge – Bach Ma National Park is considered one of the mountainous areas known for the most comfortable atmosphere in Indochina.

VN's small businesses not investing in tech apps, security

 Small and medium-sized enterprises (SMEs) in the city are neglecting the use of information and technology applications and information security, said Dang Vu Tuan, Vice Director of Hanoi's Department for Information and Communications.

Hoa Sen to take over Guang Lian project

VietNamNet Bridge - While foreign investors all have withdrawn from the Guang Lian project, the Hoa Sen Group will develop a steel complex, which was a major surprise to everyone.

Investors hesitate to spend money on making unburnt bricks

VietNamNet Bridge - The investment rate for an unburnt brick factory is high, while the expected profit is low and the market unstable.

Budget burden

The Government of Vietnam is running a rising budget deficit, which has been in the news. Some government ministers have expressed concern over the budget deficit during the ongoing session of the National Assembly. 

Dalat farmers abandon arabica coffee due to low profits

Starbucks has recognized Da Lat’s Arabica as one of the seven best coffee products in the world and sells it at its 21,000 shops around the world. However, the Arabica growing area in Da Lat has narrowed in recent years.

Customers complain about online payment problems

VietNamNet Bridge - Experts have said that consumers’ lack of confidence in online payment methods, which have encountered problems, are hindering e-commerce development.

Resort investors look to mountains

 A range of new resort and hotel projects are popping up in mountainous areas around Vietnam.

Remarkable cultural events to be held in November

 VietNamNet Bridge – The European Music Festival 2015 will be held in Ha Noi and Ho Chi Minh City from November 18-30.

Public shocked by more child abuse cases

VietNamNet Bridge - Twelve second-graders in Thua Thien – Hue province were hit on the buttocks with ruler in a recent incident.

The 600-year-old well that never runs out of water

1km from the coast are the two ancient wells that are the main sources of supply of water resources for drinking water for many generations of Thuan An villagers. Despite severe droughts in the region, the wells have never been dry. 

BUSINESS IN BRIEF 3/11

Top ten exports bring in billions of US dollars, Expert opposes privatisation of key hospitals, Japan to lift duties on most fish and seafood under TPP, Three Eximbank board members likely to go, SCIC invests VND17.9 tril. in economy

Declare war against false achievement

 VietNamNet Bridge - "Culture has a lot of values; weaknesses exist in many areas; but first of all we need to focus on fighting against the prolonged phenomenon of making false achievements".

Commercial banks eye finance companies

VietNamNet Bridge - Commercial banks are planning to take over finance companies to implement plans to develop consumer credit.

Shrimp exports forecast to fall sharply this year

The Vietnam Association of Seafood Exporters and Producers (VASEP) has revised down its shrimp export forecast to US$2.9 billion for this year, over US$1 billion lower than last year.

VN museum presents rich Asian cultures

An exhibition entitled "A Glance at Asia" at the Viet Nam Museum of Ethnology is showcasing rich cultures in Asia through original items.

200-year-old sedge-mat making village in central Vietnam

 VietNamNet Bridge – More than 800 households in Hoai Chau Bac in Hoai Nhon District of Binh Dinh Province continue to plant sedge and make sedge mats. This is the largest sedge mat making village in the central Vietnam.

Water puppetry remains a tourism success

 While many traditional art forms in Vietnam are facing difficulties in attracting audiences, water puppetry has remained popular among tourists.

Dressed to impress

 Traditional Vietnamese clothing used to reflect the wearer’s status within society and certain rules applied when it came to what to wear.