BUSINESS IN BRIEF 21/5

 Inflow of cheap Chinese steel raises concerns, US is Vietnam’s largest importer, Vietnam’s exports to 14 markets exceed US$1 bil, Sugarcane industry needs to slash costs, Ministry takes control of statistics for non-State groups

UK harmonica master to meet locals

Vietnam – Indonesia Art Exhibition, Comedians say goodbye to Steve Jackson, Future Shorts festival returns to the city, Marco Mei to perform at Saigon's Lookout, Cameroonian singer Irma hosts pop show, Philippine flower fest opens

HCM City hot spell puts many in hospital

 VietNamNet Bridge – A hot spell has hit HCM City, filling hospital with patients and cafes and restaurants with customers.

Vietnam lose to Australia 4-0

VietNamNet Bridge – Viet Nam women's national football team lost to Australian women's national football team 4-0 during a training session in Australia on May 19.

Japanese investment in Viet Nam tops $37.5 billion as of April's end

 Japanese investors have injected US$37.5 billion into 2,619 valid projects in Viet Nam, as of the end of April.

Nearly 400 patients saved by stem cell transplant operations

VietNamNet Bridge - As of April this year, nearly 400 stem cell grafting operations had been performed in Vietnam, including 218 autologous and 169 allograft cases.

HCMC: Vendor to get abandoned JPY5 million

 The Tan Binh district police have said there has been no dispute over the ownership of the 5 million Japanese yen (roughly US$41,330) that was found by a woman vendor last year.

Hanoi aims to end flooding by Q2

 Hanoi had set a goal of completing 10 important projects to stop flooding in the city by end of the second quarter, said Vo Tien Hung, general director of the Ha Noi Sewerage and Drainage Company at a press conference on Tuesday.

Bankers applaud Govt’s decision to lift ceiling on foreign ownership in banks

VietNamNet Bridge - The Prime Minister has agreed to raise the ceiling on the foreign-ownership ratio in Vietnamese commercial banks from 30 percent now to “over 30 percent”. However, specific figures were not released.

Ha Long Bay among top 15 most amazing rock formations

Ha Long Bay in the northern province of Quang Ninh has been listed as one of the top 15 most stunning landscapes and rock formations in the world by BBC News.

Vietnam wins two int’l science and engineering awards

 Twelve Vietnamese high-school students who entered the Intel International Science and Engineering Fair 2015 (Intel ISEF) in the United States arrived back in Vietnam on May 19, bringing with them two awards.

Free music playing at Noi Bai int’l airport

 Free music playing at Noi Bai int’l airport, German art to be shown to Vietnamese children, National exhibition on children’s paintings to be launched, Power saving cartoon contest wraps up, German jazz musician goes solo

Son Doong Cave tops world’s incredible beauties

 Son Doong Cave in Vietnam’s central Quang Binh ranked first in the list of the top 10 incredible beauties hidden in caves selected by a US travel advisory website.

US stars to perform at Hennessy concert in Hanoi

 The US pianist Anna Polonsky and violinist Stefan Jackiw will kick off the 19th annual Hennessy Concert Series, which will take place at the Hanoi Opera House on May 29.

VN exports reach $59 billion in four months

 Vietnam exported some 59 billion USD worth of commodities in the first four months of 2015, a year-on-year increase of 6.9 percent, according to the General Department of Customs.

Vinamilk CEO Mai Kieu Lien picks up Nikkei Asia Prize

 Chairwoman and CEO of Vietnam Dairy Products ( Vinamilk), Mai Kieu Lien, was presented with an award at the 20th Nikkei Asia Prizes at a ceremony in Tokyo, Japan on May 20.

Vietnam, China sign MoU to boost cooperation in agriculture

 The Ministry of Agriculture and Rural Development (MARD) and China’s Ministry of Agriculture on May 20 signed a Memorandum of Understanding (MoU) to further expand cooperation in agriculture.

Vietnamese PM encourages US investment in agriculture

 Prime Minister Nguyen Tan Dung expressed support for cooperative programmes in the field of agriculture conducted by the US’ Dupont Corporation, during his May 20 reception for the company’s Chair of the Board of Directors and CEO Ellen Kullman.

Three bills submitted on National Assembly’s first working day

 Three draft revised laws – the Criminal Code, the Civil Procedure Code and the Criminal Procedure Code - were presented to the 13 th National Assembly on the first day of the ninth session on May 20.

Natural beauty at Bai Tien Beach

 VietNamNet Bridge – Situated only 10 kilometers from Nha Trang City is Bai Tien Beach, a natural wonderland with long, white sandy beaches, charming landscapes and lush green forests.

Exhibition: The soul of traditional Do paper

 VietNamNet Bridge - Following the success of Hanji Meets Vietnam Exhibition, Zo Project is introducing Do paper (made from the bark of Rhamnoneuron balansae) through the “Hon Do” (Soul of Do) exhibition.

What is Phu Quoc missing?

A recent report by Cushman & Wakefield says that Vietnam’s largest island of Phu Quoc and the central city of Nha Trang will be the top choices of foreign investors, as they are expected to be tourist paradises of Vietnam in the near future.

Vietnamese exports reach $59 billion in four months

 Viet Nam exported some US$59 billion worth of commodities in the first four months of 2015, a year-on-year increase of 6.9 per cent, according to the General Department of Customs.

New insurance rules baffle many

1.2 million people have opted out of medical insurance due to complex new regulations in the adjusted Medical Insurance Law, and this means the Government will miss target of 75% of the population having medical insurance by the end of this year.

“Garlic kingdom” of Ly Son polluted by garbage

VietNamNet Bridge - Ly Son, an island famous for special garlic priced at millions of dong per kilogram, and a tourist destination with historical and cultural relics, is facing serious environmental problems.