MOIT takes actions to continue dream of Vietnam auto industry

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) will offer investment incentives to auto manufacturers in an effort to continue the development of the country's automobile industry. 

Vietnam criticises border-related allegations for twisting history

 Vietnam strongly criticises extreme and hostile allegations of opportunists who are deliberately distorting history and tainting the friendship neighbourliness, solidarity and cooperation between Vietnam and Cambodia. 

Primary schools struggle with new regulations

VietNamNet Bridge - Headmasters of many primary schools in HCM City have described new regulations as ‘impractical’.

Foreign investors encouraged to join equitization, M&A market

 Vietnam encouraged foreign corporations with sound financial, technological and market capacity to join the state-own enterprise equitization process and M&A market, PM Nguyen Tan Dung told the Global Investment Forum in Ha Noi on September 30.

Holothurians die en masse after China illegally builds artificial island

VietNamNet Bridge - China’s construction of artificial islands on the East Sea have seriously affected Vietnam’s ecosystems and sea organisms.

Vietnam's nine-month vehicle imports exceed $2 billion

 Motor vehicle imports in the first nine months of the year reached approximately 83,000 worth over $2 billion, increases of 88.5 per cent and 113.2 per cent, respectively, year-on-year, according to the General Statistics Office.

Vietnam's rice terraces among world's ‘most surreal landscapes'

  Rice terraces in Vietnam's northern provinces are ranked eighth among the most dreamlike and beautiful landscapes on earth, according to the website of UK's Telegraph newspaper.

PM bans tourism activities on pristine Binh Ba island due to security

 According to a directive by Prime Minister Nguyen Tan Dung that takes effect on November 6, the Government will ban all tourism activities on Binh Ba Island in the central province of Khanh Hoa, citing security reasons.

Vietnam’s Silicon Valley dream challenged

VietNamNet Bridge - The plan to build Da Nang Information Technology Park, which is part of Vietnam’s dream to create its own Silicon Valley, remains on paper. 

Village de Chefs meets in ville de Hanoi

 More than 20 chefs and pastry chefs from around the world will converge in Ha Noi in early November for four days to share their skills with fellow professionals, students and the public.

Vietnam's overall nine-month economy positive

 Vietnam’s economy continued recovering during the first nine months of 2015 and showed improved performance from the same period last year, as illustrated in encouraging indexes. 

Mobile number transfer begins in Vietnam in 2017

 Mobile phone subscribers will be able to retain their numbers when switching to other mobile service providers since 2017, according to the Ministry of Information and Communications (MIC).

VOV launches 24/7 English channel

 On October 1, the Voice of Vietnam officially launched its 24/7 English channel broadcasting daily on 104 FM for foreign listeners, overseas Vietnamese, English-speaking Vietnamese, and the foreign community in Vietnam. 

Sacombank merges with Southern Bank

 Sacombank yesterday merged with Phuong Nam Bank, or Southern Bank.

VND regains sheen as dollar rates cut

 Huynh Anh Nhan of HCM City's Tan Binh District has decided to convert the US$40,000 he had in a bank into dong because of the very low interest rate on dollar deposits.

Vietnamese foods find it hard to win domestic consumers’ hearts

 Vietnam’s foodstuff sector has encountered a spectrum of challenges in an attempt to gain a firm foothold in the domestic market due to the flood of foreign commodities. 

Hanoi hospital struggles with dengue patient overload

 The National Hospital for Tropical Diseases is struggling to cope with a flood of dengue fever patients who insist on getting treated there, instead of local hospitals and clinics. 

Tourism creates real chances

 VietNamNet Bridge – Soc Trang Province is calling for investments in tourism, especially eco- and community-based tourism. Moreover, this Mekong Delta province also boosts regional cooperation, mainly river tourism.

Vietnam to suspend road fee in 2016

 The Government has agreed on suspending the collection of the controversial road maintenance fees from motorbike users starting in 2016 after public criticism said the fee was unfair.

Foreign tourists complain of early closings in Vietnam

 VietNamNet Bridge – Big cities in Vietnam do not lack bars, cinemas, theatres, night markets and art shows but most of these places close before 12am, too early for many foreign visitors.

Vietnam seeks aviation investment

 VietNamNet Bridge – Viet Nam is creating a framework to stimulate private investments in the aviation industry, as public-private partnerships for development of this sector has become a trend in the region.

House of wax in HCM City to honor great artists

 VietNamNet Bridge – Vietnamese cultural figures are being featured in wax figure museum by sculptors Nguyen Van Dong and Thai Ngoc Binh, who plan to make 100 wax figures of famous people and artists who made great contributions to traditional opera.

Eastern HCMC facing overpopulation

 VietNamNet Bridge – The HCMC government has warned relevant agencies of fast population growth in the east of the city as this trend could cause social and economic problems.

BUSINESS IN BRIEF 2/10

Vietnam moves closer to market economy, EVN says power prices to be unchanged, VN a top investor in Cambodia, Asset firms suggest rules on debt resolution, Remittances to HCM City hit 3.25 billion

President urges strengthened Vietnam-Cuba economic ties

 President Truong Tan Sang held that economic collaboration between Vietnam and Cuba has yet to match the sound political relations between the two countries, as bilateral trade reached only 200 million USD in 2014.