2020 targets optimistic but feasible for Vietnam

The Vietnamese government has set the annual economic growth target of 6.5-7% for the 2016-2020 period, with further improvement of the business climate being one of its top priorities to realize the goal. 

VN & the golden opportunity to become the world's workshop

VietNamNet Bridge - The process of moving capital, existing potential and the pressure of reforms are identified as favorable conditions for Vietnam to become the world’s new factory.

Education Ministry offers psychological counseling to students

VietNamNet Bridge - Ten percent of students are at risk of suffering serious depression, a report says. And 90 percent of students who need counseling have problems because of pressure from their parents or because of their parents’ divorce. 

Singapore makes up 60% of approved FDI in property sector

 VietNamNet Bridge – ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%, according to the Foreign Investment Agency (FIA).

Autumn Book Festival to introduce thousands of books

 The 2015 Autumn Book Festival, featuring around 15,000 books in numerous genres, will be held at the Vietnam Women's Museum in Hanoi from October 29-31.

HCMC to build BRT, underground parking lot by 2017

 VietNamNet Bridge – Ho Chi Minh City is expected to start building the first Bus Rapid Transit (BRT) route by 2017 at a total cost of US$137.5 million.

BUSINESS IN BRIEF28/10

Eximbank recalls two representatives at Sacombank, Asset firm buys $4.1b of bad loans, Japanese corporation to construct $135m IP in Vinh Phuc, Property market shows promise with rising liquidity

HCM City to allow ads on buses

 The HCM City People's Committee has approved a pilot project to place Department of Transport advertisements on buses to increase revenue and reduce subsidies for public buses.

US warship sails near illegally built islands on East Sea

 A US guided missile destroyer USS Lassen navigated within 12 nautical miles of artificial islands China is building in the Truong Sa (Spratly) archipelago, the AFP news agency quoted a US defence official as saying on October 27.

Vietnam, Philippines bolster peacekeeping cooperation

 The armies of Vietnam and the Philippines see great potential for bilateral cooperation in various fields, including the United Nations peacekeeping, Quan Doi Nhan Dan (People’s Army) Newspaper quoted a senior Vietnamese military official as saying.

Processed meats do cause cancer – WHO

 Processed meats - such as bacon, sausages and ham - do cause cancer, according to the World Health Organization (WHO).

TPP won’t lead to real estate fever in VN: experts

VietNamNet Bridge - The real estate market is not expected to be greatly affected by the Trans Pacific Partnership Agreement (TPP), experts have said.

Creating value through ASEAN Connectivity

Thailand Management Association, in cooperation with the Board of Trade of  Thailand held the ASEAN  Business  Forum  2015: Creating  Value  through  ASEAN  Connectivity”  on October  14-15,  2015 in  Bangkok,  Thailand.  

Spectre stars join royals for James Bond world premiere

 The Duke and Duchess of Cambridge and Prince Harry have joined the stars of new James Bond film Spectre for its world premiere in London.

Afghanistan-Pakistan quake: Rescue efforts expanded

 Rescue efforts are being stepped up to help those affected by the magnitude-7.5 earthquake which hit remote areas of Afghanistan and Pakistan on Monday.

Photos: Caves in Ha Long Bay covered with letters

 VietNamNet Bridge – Vietnamese and foreign letters are engraved, sprayed or painted onto the walls, columns, and cliffs in famous caves in Ha Long Bay, a world natural wonder.

HCM City proposes to set up special zones for sensitive services

Areas for sensitive services should be established in some cities such as Ho Chi Minh City, Hanoi, Hai Phong, and Nam Dinh, an official from HCM City said at a recent conference reviewing the prostitution prevention program in 2011-2015.

Hanoi pavements being consumed by road-widening

 VietNamNet Bridge – Road-widening in Hanoi will consume some pavements and grassy strips to give more space for vehicles and reduce congestion.

International bond issuance won’t lead to increase in government’s debts: MOF

MOF has reassured the public that the international bond issuance for debt swap will not lead to an increase in the government’s debts, while the public debt indexes will be maintained within the safety line.

Vietnam ranks 9th in cyber maturity in Asia-Pacific region

Vietnam was ranked 9th out of 20 countries in the Cyber Maturity in the Asia-Pacific 2015 Report released on October 26 by the International Cyber Policy Centre under the Australian Strategic Policy Institute. 

Vietnam enters long jump final at IPC Championships

 Nguyen Ngoc Hiep of Vietnam entered the long jump final at the ongoing International Paralympic Committee Athletics World Championships in Doha, Qatar. 

Vietnam’s largest private power plant completed

 Power Company Limited (AES Mong Duong) on October 26 announced the successful completion of Mong Duong II BOT Coal-fired power project (Mong Duong II). 

Agreement supports European firms’ investment in Vietnam signed

 A cooperation agreement was signed between the Ministry of Foreign Affairs and the European Chamber of Commerce in Vietnam , aiming to support European investors in Vietnam and promoting Vietnam’s exports to European markets.

The 85-year-old motorbike traveler

 VietNamNet Bridge – At the age of 85, Mr. Nguyen Van Ngoc, a resident in Ward 26, Binh Thanh District, HCM City, has conquered many roads in the country on his old Honda 50.

Le Quyen in Miss Grand Int’l 2015

 VietNamNet Bridge - Nguyen Thi Le Quyen confidently showed off her figure in the bikini and evening gown shows at the semi-finals of the Miss Grand International 2015 on Saturday.