In competing with China, weak VND policy will not help

VietNamNet Bridge - Economists have repeatedly advised the government not to rely on a weak dong policy when trying to compete with Chinese products as demand in China is falling.

ASEAN banks to accelerate branch presence in Vietnam

 VietNamNet Bridge – The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments.

Vietnam calls on AIPA to increase support for building ASEAN Community

 Vietnam has called upon the ASEAN Inter-Parliamentary Assembly (AIPA) members to forge ahead with cooperation with and urge the governments of ASEAN member states to fulfill the mission of building key pillars for the ASEAN Community.

Lao, Cambodian court officials awarded with Vietnam’s insignia

 Chief Judge of the Lao Supreme People’s Court Khamphan Sitthidampha and Deputy Chief Judge of the Cambodian Supreme People’s Court Chiv Keng have been presented with the insignia “For the cause of the court of Vietnam”.

Asia-Pacific conference promotes solidarity with Cuba

 The 7th Asia-Pacific Regional Conference for Solidarity with Cuba opened in Hanoi on September 8 with the engagement of over 250 delegates from 18 Asian-Pacific nations.

Vietnam, France share anti-corruption experience

 Vietnamese Government Inspector General Huynh Phong Tranh paid a working visit to France from September 4-8 to exchange experience in lawmaking, institution building and corruption prevention.

Decree specifies external information service activity management

Principles related to the management of external information service news and information activities were detailed in a recent Government Decree.

Prime Minister to pay working visit to Laos

 Prime Minister Nguyen Tan Dung will lead a high-ranking delegation to Laos for a working visit on September 13-14.

Government mulls nixing tax fines, fees

 VietNamNet Bridge – The Ministry of Finance has proposed to the National Assembly waiving nearly VND9 trillion of fines on enterprises for late tax payments, while also suggesting cuts on several types of tax.

Homestay grows popular among tourists

VietNamNet Bridge – Homestay service has been popular in many Western countries. In Vietnam, homestay is emerging as a new trend in rural areas as international visitors have strong demand for exploring daily indigenous life and culture in Vietnam.

Play hails founder of VN Zen Buddhism

 VietNamNet Bridge – A cai luong (renovated theatre) play dedicated to the King-Monk Tran Nhan Tong – founder of Vietnamese Zen Buddhism – is expected to debut in the 11th lunar month, December, this year.

Weight loss surgery 'cures half of type-2 diabetes cases'

 Weight loss surgery cures half of patients with type-2 diabetes, for at least five years, a study suggests.

Minh withdraws from Thailand Open

 VietNamNet Bridge – Vietnamese top badminton player Nguyen Tien Minh has withdrawn from the 2015 Thailand Open Grand Prix Gold, scheduled to be held in Bangkok, Thailand from September 29 through October 4.

Murders by mentally ill patients cause fear in communities

 VietNamNet Bridge – Management of people with mental illness has become a problem as murders caused by mentally ill people have occurred recently.

Vietnam trade deficit raises alarm over GNP

 Vietnam’s trade deficit continued to broaden in the eight months leading up to September, adding to growing concerns over weakening domestic demand for home-grown goods and services.

HCM City comedy scene breaks out

 VietNamNet Bridge – Comedy enthusiasts in HCM City have never had it so good, with 45 comedic stage troupes performing three shows a week and spoiling them for choice.

HCM City authorities deal with sharp hike in number of students

VietNamNet Bridge - While the number of general school students has risen dramatically in HCM City this year, the city has no more land to build schools and has been unable to employ more teachers.

Craft village: more well-off households, but more cancer deaths

VietNamNet Bridge - Van Mon craft village in Bac Ninh province has been well known in Vietnam as an aluminum recycling village for 50n years. It became even better known recently as a “cancer village”. 

Couple reveal hand to mouth existence on social media

VietNamNet Bridge – A young Vietnamese couple who are workers with a joint monthly income of VND 8.9 million have become social media stars after they revealed how far they have to stretch their earnings to get by.  

Russian manufacturer sees Vietnam as potential helicopter market

The representative of Kazan Helicopters, the only Russian helicopter manufacturer, has said that Vietnam is a potential market despite decreased demand in recent years. 

BUSINESS IN BRIEF 9/9

Firms gripe that minimum wage too high, Government mulls nixing tax fines, fees, Falcon financial group to promote Vietnam, Middle East two-way trade, Int’l food exhibition to open in HCM City, Nearly 22 billion USD poured into Binh Duong

HBSO concert set for Wednesday

 VietNamNet Bridge – A concert hosted by the HCMC Ballet, Symphony, Orchestra and Opera (HBSO) will feature a recent music work and another for dancing by Vietnamese artists at the City Opera House in District 1 at 8 p.m. on Wednesday.

Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved, it will be the first bank with a foreign ownership of over 20 percent.

China's August imports fall 14.3% on oil prices

 China's imports in August fell 14.3% in yuan-denominated terms from a year ago, while exports fell by 6.1%.

Son La approves controversial $64million monument project

 VietNamNet Bridge – The Son La Provincial Party Committee has passed a draft document for the VND1.400 trillion ($64 million) project to build a statue of President Ho Chi Minh and supporting works.