Dollar still preferred despite zero rate

 VietNamNet Bridge – Cutting the dollar-denominated interest rate may reduce foreign currency speculation in theory, but in reality it requires more than just this monetary tool to stabilise the dong and the overall macro-economy,

Tram Tau Town, land of smiles

 VietNamNet Bridge – Tram Tau in Yen Bai Province may be one of poorest districts in Viet Nam, but it is probably the region with the most smiling and optimistic people I've ever seen in the country.

Phu Quoc absorbs VND183 trillion of investment capital

 Investment licences have been granted to 164 projects in Phu Quoc island district, in the southern province of Kien Giang as of the middle of January, with capital totalling 183 trillion VND (nearly 8 billion USD). 

Facebook rumours affect reputations of innocent people

 VietNamNet Bridge - Many people who were living in peace have been suddenly sullied on the Internet, accused of crimes of theft or kidnapping.

Venture funds finance more tech startups

 VietNamNet Bridge – Sixty-seven tech startups in Vietnam got finances from venture funds last year, more than double the number in 2014, according to Topica Founder Institute.

Gia Lai works to preserve Kon Ka Kinh National Park

 The Central Highlands province of Gia Lai has implemented a number of measures to make the Kon Ka Kinh National Park become a biodiversity reserve hub in accordance with environmental protection and ecological tourism.

VN to attend regional art festival

 VietNamNet Bridge – Viet Nam Youth Theatre will perform at the Vientiane Performing Arts Festival 2016 that will be held from January 29 to 31 at the National Culture Hall.

Binh Dong Wharf gears up for Tet

 VietNamNet Bridge – Multiple boats have begun transporting a wide range of ornamental trees and flowers from the Mekong Delta region to Binh Dong Wharf in HCMC’s District 8 for citizens in this city to buy for decoration

Vietnam needs new wave of investments

 VietNamNet Bridge – Greater efforts at a national level are needed to create a new wave of investments in Viet Nam, Vuong Dinh Hue, head of the Party Central Committee's Economic Commission, said.

BUSINESS IN BRIEF 22/1

  Interest reduced on dollar, euro loans, Site for customs checks to be built at Moc Bai border gate, Footwear industry exports to grow 20 per cent, SME support law needed, Retailing firms target rural markets

Party Congress: Institutional reform, growth model renovation in focus

Delegates reviewed outstanding achievements the country has made and proposed measures to effectively realise national development goals and tasks in the next tenure during the National Party Congress.

Vietnam welcomes strict enforcement of Iran-P5+1 nuclear agreement

Vietnam applauds parties for strictly obeying commitments stated in the Joint Comprehensive Plan of Action (JCPOA) between Iran and P5+1 on the former’s nuclear issue in recent time, stated Foreign Ministry’s Spokesperson Le Hai Binh.  

Vietnam welcomes its first surrogate baby

 The baby girl, weighing 3.6kg, was born at 7.25am by C-section to a 38-year-old woman from the northern Ninh Binh Province.

Thanh Hoa: Stone mine collapse kills three, buries four

 Three people died while four others were buried under rubble when a stone mine collapsed here this morning in Dong Son Hamlet, Yen Lam Commune, Yen Dinh District of Thanh Hoa Province.

Fewer orders at Apple suppliers could signal first iPhone sales decline

 Some of Apple Inc's main Asian suppliers expect revenues and orders to drop this quarter, indicating iPhone sales are almost certain to post their first annual decline since the flagship product was launched almost a decade ago.

Massive snowstorm poised to wallop U.S. East Coast

 A massive winter storm was barreling toward Washington D.C. on Friday, with the system poised to drop near-record snowfall on the U.S. capital before walloping New York and other East Coast cities with blizzard conditions.

Will there be another real estate bubble?

VietNamNet Bridge - Real estate prices are rising again, thus raising concerns that a real estate bubble may return.

Tax authority probes recover $1.4b

 VietNamNet Bridge – The tax authorities conducted investigations and checks at more than 70,000 businesses, reducing losses of around VND20 trillion ($889 million) in 2015.

Under 50kmh speed signs to be removed from highways

 VietNamNet Bridge – Transport departments and agents across the country have been asked to remove all 50km per hour (kmph) speed limit signs on national highways by the end of January.

Hanoi urban train's design adjusted following public feedback

 VietNamNet Bridge – Both Vietnamese and English will be used parallel for all directions on Cat Linh–Ha Dong urban railway trains, according to the Ministry of Transport.

Vietnamese judo stars need to prove a point on path to Brazil

 VietNamNet Bridge – Vietnamese judokas will have to work hard to earn places at the Brazil Olympics this summer.

Image: Hanoi streets decorated for Lunar New Year 2016

 VietNamNet Bridge - Hanoi is busily decorating streets to welcome the lunar New Year 2016 (Tet holiday), which is coming in three weeks. Some images of the capital city before Tet:

FDI capital to continue to flow to Vietnam

Vietnam attracted $23 billion worth of foreign direct investment (FDI) capital in 2015. The figure is expected to be even higher in 2016 as foreign investors have been flocking to Vietnam to take full advantage of free trade agreements (FTAs).

Images: special peach trees not for sale, only for lease

 VietNamNet Bridge – For nearly a week, peach growers in Hanoi’s famous flower villages of Nhat Tan and Phu Thuong have displayed their products to serve this lunar New Year (Tet holiday).

5 incredible destinations to enjoy snow in Vietnam

VietNamNet Bridge – Although snowboards and toboggans are not commonplace to Vietnam, when the cold air and white, fluffy, powder starts to roll in, here’s a list of five places to take your children sledding or to just enjoy the snow.