Hanoi’s old Buddhist pagodas get special national relic status

 VietNamNet Bridge – Two ancient Buddhist pagodas in the west of Hanoi – Tay Phuong and Thay – received certificates recognising them as special national relic sites on April 23.

VN corporation named as Global Growth Companies

The only Vietnamese corporation in the six companies shortlisted as the World Economic Forum’s Global Growth Companies in East Asia 2015 was the Binh Duong-based Hoa Sen Group – the leading manufacturer of building materials in Vietnam.

Close-up of Nguyen Dynasty’s rickshaw, returned from France

 VietNamNet Bridge – This vehicle was the gift of Emperor Thanh Thai to his mother – Queen Mother Tu Ming to use in the royal garden. After the Queen Mother died, King Thanh Thai sold the rickshaw to a French soldier in 1907 to get money to buy a car.

Amazon reports a $57m loss in the first quarter

 Technology giant Amazon has reported a loss of $57m (£38m) in the first quarter of 2015 and has also given more detail about the performance of its web services business.

BUSINESS IN BRIEF 26/4

 Bank interest rates forecast to fall in Q2, Vietnam consumer confidence dips for second month - survey, HCM City attracts US$1.2 bln in overseas remittances, One-stop-shop customs mechanism to be launched at sea ports in May

Illegal tours hit authentic tourism services in Khanh Hoa

 Major tour companies are scaling back operations in Khanh Hoa Province’s Nha Trang City as the number of Russian tourists coming to Vietnam dwindles and small, unlicensed operators, undercut the market.

Ministry announces new leadership at MobiFone

 The Ministry of Information and Communications officially appointed Le Nam Tra, the general director of the MobiFone Telecommunications Corporation, as its new chairman on April 21.

No let up in smuggling, trade fraud

 VietNamNet Bridge – Deputy Prime Minister Nguyen Xuan Phuc yesterday (April 23) called for more effective measures against smuggling, trade fraud and the production and trade of counterfeit goods.

Goldman Sachs and QIA Vie to acquire Hanoi's 72-storey building

 Goldman Sachs and the Qatar Investment Authority are reported to have bid for Keangnam Hanoi Landmark Tower, the highest building in Viet Nam's capital city whose value is estimated at more than US$1 billion, according to the Korea Economic Daily.

Railways to open doors to external investment

 Property developer VinGroup will collaborate with Vietnam Railways to study a number of projects, which could be launched with capital contribution from society and the sale of operational rights, said Chairman of Vietnam Railways Tran Ngoc Thanh.

Japanese coach Miura has new assistant

 The Viet Nam Football Federation (VFF) has invited Nguyen Thanh Son to be an assistant to national team manager Toshyia Miura.

Sitting tug-of-war is a national heritage

 An unusual game, the sitting tug-of-war, has been listed as a National Intangible Heritage by the Ministry of Culture, Sports and Tourism.

SSC, GIZ to develop green capital market

 The State Securities Commission (SSC) and the German Federal Enterprises for International Co-operation, better known as GIZ, will collaborate to develop a green capital market.

Bank restructuring proceeds smoothly, but bad debts pile up

VietNamNet Bridge - Commercial banks’ provisioning costs have been increasing, even though bank restructuring has been proceeding well.

Francophone rectors chart 4-year course in Vietnam

Rector members of Francophone University Agency in the Asia-Pacific region need to strengthen their interaction, cooperation and fully utilise their resources, said the general director of AUF, at the organisation's biennial conference in Hanoi.

Transport hotlines set up for holiday

 The National Traffic Safety Committee has opened 10 hotlines for people to file complaints about transport issues during the six-day national holiday starting on Tuesday.

Trade deficit $3.1b as imports increase 18.9%

 The country's total export and import turnover reached US$88.4 billion by April 15, a year-on-year increase of 13.9 %, according to the General Department of Vietnam Customs.

Travel News 24/4

Hue launches ‘Golden Tourism Month’ program, Jetstar Pacific Airlines to open Hanoi-Hong Kong route in September, Central provinces meet shortage of available accommodation in peak season, Vietnamese tourism popularised in India

VN shares nuclear electricity development experience with Singapore

 Vietnam is willing to share its experience in developing nuclear electricity with Singapore, said Deputy Minister of Science and Technology Tran Viet Thanh.

HCM City: Samsung’s new $1.4bil complex to be constructed

 Samsung will start construction on the Samsung CE Ho Chi Minh City Complex (SEHC) at the Ho Chi Minh City Hi-tech Park with a total investment of 1.4 billion USD, reported Dau Tu (Vietnam Investment Review).

Government News 24/4

 Deputy PM meets new Brazilian, Russian ambassadors, Deputy PM hosts Lao economic commission head, Czech PM appreciates ties with Vietnam, NA Vice Chairwoman hails RoK association operations, Party delegation visits European trio

Sai Gon Beer may not survive equitisation

 The Government wants to speed up divestment of its stake in several companies including the Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco), maker of Sai Gon Beer, whose chairman hopes to see a domestic buyer so that the iconic brand survives.

A miniature Dalat

VietNamNet Bridge – Leaving his family in a bustling Saigon, Trinh Ba Dung went to Dalat to challenge himself in a new business: tourism. Along with several partners, Dung got an investment certificate to build a luxury resort named Dalatstars

Hanoi enjoys more preferences, but remains less dynamic

 VietNamNet Bridge - Hanoi, the capital city, is believed to be favored over other localities, but lags far behind them in the provincial competitiveness index.

Local firm finds partners for two expressway projects

 Thu Ha Construction and Trading Ltd. Co., a private firm based in Ba Ria-Vung Tau Province, is looking for partners to develop Dau Giay-Lien Khuong and Halong-Van Don expressways with a total investment of VND77 trillion (US$3.57 billion).