BUSINESS IN BRIEF 21/12

 SBV orders tighter measures for bad debt management; Mobile World's profits up; Bayer CropScience supports Vietnam rice farming; LG Electronics leases more land in Trang Due IP; More supermarkets open in HCMC, Mekong

Remittance ‘grey market’ thrives towards year-end

 VietNamNet Bridge – Remittances are pouring into Vietnam towards the year’s end, but most of this money is bypassing the official banking sector.

Vietnam enters FODOR'S go list 2015

 Well-known American travel guide Fodor’s has named Vietmam as top 25 can't-miss spots that should be on every traveller’s radar in 2015.

GMS connectivity vital to ASEAN community

 Connectivity within the ASEAN and the Greater Mekong Subregion is ‘the key’ to ensuring long-term sustainability in the areas of trade, investment and tourism and of fundamentally tantamount importance to building the ASEAN community.

Vietnam, Thailand to fortify economic ties

 Prime Minister Nguyen Tan Dung and his Thai counterpart, Prime Minister Prayut Chan-ocha have met in Bangkok to discuss measures to boost bilateral economic ties.

Trapped worker rescue mission – happy end

 Rescue workers and all those present at the site of the accident at Da Dang-Da Chomo hydropower plant burst into tears - for joy, when 12 alive victims were brought out from the collapsed tunnel where they had been trapped for 81 hours.

VN lacks sufficient number of medium-sized enterprises

 VietNamNet Bridge - The latest report of the Vietnam Chamber of Commerce and Industry (VCCI) shows that Vietnam now lacks many medium-sized enterprises, making it difficult to participate in global value chains.

Photos: Noi Bai Airport’s new terminal

The Noi Bai International Airport's new international terminal will open on December 31 after a brief trial run from December 20- 25.

Report finds some progress in gender equality in VN

 VietNamNet Bridge – Gender equality in Vietnamese families has improved but only modestly, according to surveys that found husbands and wives sharing more of the housework as well as the responsibility for their children's education.

Dong Thap: Ancient trees win heritage honour

 VietNamNet Bridge – A 287-year-old carambola tree and a 326-year-old Sop (Ficus pisocarpa Blume) tree in the Mekong Delta province of Dong Thap have been recognised as national heritage trees.

EVENTS SCHEDULED FOR DECEMBER 20-31 (daily updated)

  Updated information about cultural events in major cities of Vietnam.

Tiger farm located near residential area

VietNamNet Bridge – A man in Thanh Hoa Province has raised at least 10 tigers without any proper actions being taken by local authorities.

Miura given free rein over squad selection

 VietNamNet Bridge – Coach Toshyia Miura and the Viet Nam Football Federation (VFF) agreed to rejuvenate the national team for the future tournaments.

Hydrofoil services to resume by month-end

 VietNamNet Bridge – The HCMC Government has approved a resumption of hydrofoil services between HCMC and Vung Tau by the end of this month after nearly one year of interruption.

Brief News

Golfers to tee off at HCM City Open next month; ASEAN University Games - Thuy wins a pencal silat bronze; Runners on their marks for 18th Da Nang Marathon

Foreign-currency price fluctuations help some businesses, hurt others

 VietNamNet Bridge – The price fluctuations of the US dollar, euro, Japanese yen and Korean won have helped many businesses prosper and hurt others.

Google announces most-searched queries

 The names of late comedian Robin Williams and World Cup 2014 are two queries that have been searched the most this year by people in the world and Vietnam respectively, according to the Google’s 2014 Year in Search.

Four military officials promoted as senior lieutenant generals

 President Truong Tan Sang granted the senior lieutenant general title to four lieutenant generals of the Vietnam People’s Army (VPA) at a ceremony in Hanoi on December 12.

HCM City launches its own taxi booking app

 HCM City Department of Science and Technology introduced on December 18 its own taxi booking and management application, called LiveTaxi, which can be downloaded on mobile devices.

Microsoft renames Nokia Vietnam Company

 Nokia (Vietnam) Limited Liability Company was renamed Microsoft Mobile (Vietnam) Limited Liability Company, according to an official decision of Microsoft Vietnam released on December 18.

Education Ministry allows schools to print university degrees

VietNamNet Bridge – The Ministry of Education and Training is considering allowing schools to print university degrees instead of using blank template forms provided by the ministry.

MPK photos hot cakes at HCM City show

 Just one day after his exhibition opened, photographer MPK, a Da Lat native, had sold 24 of 30 photos in HCM City as of the end of Thursday.

Vietnam Airlines gets loan for new planes

 Vietcombank will grant a credit loan of US$160 million to the national carrier Viet Nam Airlines (VNA) to buy aircraft next year.

Vietnam plans unilateral visa waiver for more nations

VietNamNet Bridge – Vietnam is considering offering unilateral visa exemptions for more countries and simplifying visa procedures in order to woo more international visitors.

New detox policy sees theft decline in HCMC

HCM City has seen a slight decrease in the number of thefts, robberies and drug sales two weeks after deciding to send drug addicts without a stable residence to two local centres, according to local police.