BUSINESS IN BRIEF 2/11

Vietnam - US two-way trade forecast at US$34.9 billion in 2014; Value-added services crucial to VN telecom; Viettel insists on mobile tariff cuts; Business shutdowns outnumber startups;

Shopkeepers upset at new curbs on advertisements

VietNamNet Bridge – New restrictions in HCM City banning the use of brand logos or pictures of products on shop advertisements have stirred concern among shop owners.

Expy toll right finds int’l buyers

 VietNamNet Bridge – An international consortium led by an Indian company will on October 28 initial a contract to buy a 70% interest in the Hanoi-Hai Phong Expressway project

Expat enlivens schools with art

 VietNamNet Bridge – Sa Pa Market, in the heart of mountainous northern province of Lao Cai, is in full swing by midday. A myriad of colours interwoven into ethnic garb enliven the bustling atmosphere.

Investors eye $3 billion children’s amusement park market

 VietNamNet Bridge – More and more large parks worth hundreds of billions of dong have been established in HCM City, attracting droves of childrens and their parents.

Number of aviation incidents rises sharply in Jan-Sept

VietNamNet Bridge – The number of incidents related to violations of aviation safety and security has surged in January-September against the same period last year,

Coach Bruno convenes young players for Grand Prix

 VietNamNet Bridge – Spanish head coach of the national futsal squad Bruno Formoso has convened 20 players, half of them are young players in preparation for the Futsal Grand Prix 2014 in Brazil

Cable car threatens giant cave

VietNamNet Bridge – Fresh controversy has broken out after authorities in central Quang Binh Province last week allowed a survey project to set up a cable car system connecting many of the caves

Vietnam set to pay US$7 billion debt next year

 VietNamNet Bridge – Vietnam will have to spend VND150 trillion, or nearly US$7.1 billion, repaying for financial aid, short-term loans and domestic borrowings next year,

Vietnam to compete at Kids Golf World Championship

 VietNamNet Bridge – Young golfers from Vietnam will participate in the Kids Golf World Championship 2014 to be held in Johor Baru, Malaysia from December 8 to 12.

Hydropower dams endanger Vietnam’s Mekong Delta

 VietNamNet Bridge – Hydropower dams expected to be built on the upper course of Mekong pose the biggest threat to the Mekong Delta.

Ethnic minority fabrics add to ao dai designs

 VietNamNet Bridge – Many people love the traditional Vietnamese ao dai (long dress) look, but few have ever seen how the designs look when combined with beautiful brocades copied from or made by the nation's ethnic people.

Slow sales for next-generation iPads

VietNamNet Bridge – While iPhone 6 and iPhone 6 Plus have quickly become popular in Vietnam, the next-generation iPad Air 2 and iPad mini 3 have not been selling well.

University teacher invents “drumming” robot

 VietNamNet Bridge – A lecturer at the Vinh Long University of Polytechnic Education has invented a robot that can beat school drums at programmed times.

MOF proposes new incentives for major foreign investors

Foreign-invested projects capitalized at billions of dollars with expected revenue in the billions may enjoy unprecedented investment incentives if the Ministry of Finance’s proposal is approved by the National Assembly.

New rules on human trafficking a step forward

A new human trafficking section in the Penal Code was drafted to comply with protocol on those crimes laid out in international conventions. Officials spoke about the changes, and if the country will incorporate them.

London orchestra to perform in HCM City

 VietNamNet Bridge – The Toyota Classics Concert 2014 will take place at the HCM City Opera House on November 18.

State budget under siege

VietNamNet Bridge – Investment from the State budget is falling to a dangerous ratio, menacing the country’s sustainable development, but the Finance Ministry asserted there is no way to raise it as the State coffer is now under siege.

Kayaking tours make a splash in Da Nang with sea adventurers

 VietNamNet Bridge – On the coast of Da Nang's Son Tra Peninsula, Nguyen Kim Thu, 32, and a 20-member yoga team like to explore the sea on kayak, an increasingly popular tourist activity.

In pictures: PM Dung's European trip deemed a success

PM Nguyen Tan Dung’s visits to Belgium, the European Union, Germany and the Vatican, as well as his participation in the 10th Asia-Europe Meeting Summit were successful and contributed to deepening the relations between Vietnam and its partners.

Saigon in the 90s

 VietNamNet Bridge – German photographer Hans-Peter Grumpe captured images of famous places in Ho Chi Minh City decades ago, such as the US Embassy, Tax Trading Centre, and Saigon Notre-Dame Basilica.

Legal Advice: Distinguishing between dissolution and bankruptcy

While dissolution and bankruptcy both lead to the termination of a company’s activities, their causes, settlement procedures, legal consequences, and liabilities of the proprietor after the two events are very different.

Woman steps up in fight to tackle drugs

 VietNamNet Bridge – Since for Le Thi Nga "to live is to give," she thought nothing about joining the neighbourhood watch in her fourth quarter in District 1's Cau Kho Ward in 2009.

Belarus Cultural Days to be celebrated in Vietnam

 Vietnam will celebrate ‘Belarus Cultural Days’ from November 3–7, announced the Ministry of Culture, Sports and Tourism.

Over 4.7 million children vaccinated in first phase of immunization campaign

 The Ministry of Health has said that after one month implementation of massive free vaccination campaign, more than 4.7 million children nationwide have been injected vaccine against measles and rubella.