BUSINESS IN BRIEF 9/8

Fuel wholesalers increase imports from ASEAN, KIDO yet to invest in DongABank, July manufacturing output grows strongly, Ministry seeks to extend export tax break for sliced cassava, Foreign shipping lines still dominant

Internet-based smart home product launched in Vietnam

 Venture fund DFJ VinaCapital has assisted the US’ Greenvity to launch its smart home technologies in Vietnam.

Vietnam's trademarks worth $172 billion

 The value of Vietnam’s trademarks in 2014 was $172 billion, an increase of 30 per cent compared to 2013 and ranking the country sixth in ASEAN, according to the 2015 Vietnam Trademark Forum.

Portrait drawing business in oblivion

In the past, portrait making was popular in Hanoi, especially during French rule (1887-1945). Back to those days, hundreds of portrait drawing shops were located on Hang Ngang, Hang Dao and Hang Duong streets.

Raising up wild boars on an herbal diet

VietNamNet Bridge – After serving in the army for years, Tran Phuc Dat returned in 1988 and joined the Youth Union in Tan Thanh Commune, Yen Thanh District, Nghe An Province. 

Recovering corrupt assets a struggle

VietNamNet Bridge – Dinh Van Minh, Deputy Director of the Government Institute for Science and Inspection, spoke to the newspaper Tien Phong (Vanguard) about possible changes to the 2005 Anti-Corruption Law.

Exchange rate, budget deficit are high risks for Vietnam economy

The dong/dollar exchange rate and the loss of state budget revenue from tax collections are the two most serious challenges for the national economy, according to a report issued in July by the National Finance Supervision Council.

Junior colleges pessimistic about enrolment plan

The Ministry of Education and Training (MOET) has said that with the mandated floor mark of 15 on entrance exams, there would be enough students for junior colleges and universities. But junior colleges are pessimistic about their enrolment plans.

TPP negotiations expected to end later 2015: US Secretary of State

 Visiting US Secretary of State John Kerry said he hopes that negotiations on the Trans-Pacific Partnership (TPP) Agreement will be concluded by the end of this year.

Students find passion for rhino rights in S Africa

 VietNamNet Bridge – Vietnamese high school students who won a writing contest flew to South Africa to see rhinos in their natural habitat. They returned home with a message: stop buying rhino horn. Phan Thuy Dung reports.

Health insurance fails to take off

 VietNamNet Bridge – Nguyen Thi Minh, General Director of Viet Nam Social Insurance, speaks to Thoi Bao Kinh te Viet Nam (Viet Nam Economic Times) about healthcare coverage.

Imposing caves under Tuc Dup Hill

 VietNamNet Bridge – Tuc Dup Hill is a must-see venue for visitors to the Mekong Delta of An Giang as it has a number of imposing caves for them to explore and learn about an interesting tale about the creation of the 300-meter-high hill.

Economy bolstered through M&A deals

Merger and acquisition activities are now blossoming in Vietnam thanks to the clearer economic recovery, thriving GDP growth, newly signed free trade agreements and the formation of the ASEAN Economic Community at the end of this year.

Old carvings excite scientists

 VietNamNet Bridge – Around 20 big stones with figures carved on these and dating as far back as 16th or 17th century have been discovered recently by scientists from the Yen Bai Province's museum.

The only grasshopper-roasting village in Vietnam

 VietNamNet Bridge - For people in Le Thanh commune in My Duc district in Hanoi, catching grasshoppers and processing them into food has become a profession for 20 years.

Vietnam Motor Cub Prix to kick start giant racing event

 VietNamNet Bridge – The Viet Nam Motor Cub Prix 2015 will kick off in HCM City on August 15 after a two-year break.

Rise in disbursed FDI mirrors investors’ growing confidence

Despite a seven-month decrease in newly-registered and expanded foreign direct investment, a significant rise in disbursement of this type of capital has reflected foreign investors’ climbing confidence and contribution to Vietnam’s economy.

Ca Mau farmers ditch sugarcane for ginger

 VietNamNet Bridge – Sugarcane prices have fallen for the past three years, prompting farmers in the southernmost province of Ca Mau's Thoi Binh District to plant ginger, a more profitable crop.

Updates on visa exemption

 The Vietnamese Government has unilaterally decided that holders of passports from the UK, Italy, Germany, Spain and France will be waived off Vietnamese visas from the 1st July, 2015 to 30th June, 2016.

Artist gets more creative with caricature

 VietNamNet Bridge – On receiving an order from a newspaper office, Trinh Lap first makes himself a cup of coffee, and then sips it as he creates yet another cartoon.

Pay rises depend on productivity

 VietNamNet Bridge – Bui Sy Loi, Deputy Head of the National Assembly's Social Affairs Committee, speaks to Ha Noi Moi (New Ha Noi) about salary reforms.

Ministry: Divestments from non-core businesses hard

 VietNamNet Bridge – Agricultural enterprises saw the withdrawal of State capital from non-core businesses in the first half of this year difficult as both share prices and demand were low,

Travel News in Brief

 HCM City prepares for travel expo, Kien Giang hosts tourism year, Sa Pa improves travel services, Lam Dong greets 1m visitors, Long Khanh orchards to harvest

US economy adds 215,000 jobs in July

 The US economy added 215,000 jobs in July, while the unemployment rate held at a seven-year-low of 5.3%.

US Secretary of State talks on Agent Orange, TPP

Deputy Prime Minister and Foreign Minister Pham Binh Minh yesterday told US Secretary of State John Kerry Viet Nam would push forward with projects to decontaminate areas at Da Nang and Bien Hoa airports saturated with the dioxin Agent Orange.