BUSINESS IN BRIEF 12/9

Vietnam joins Summer Davos forum 2014; Vietnam issues rules for securities lending; Foreign banks offer syndicated loan to VietinBank; Building materials industry under realignment; Vung Ro oil refinery to turn out first products in 2020

Prime Minister approves Vietnam Airlines equitization plan

On September 10 Prime Minister Nguyen Tan Dung approved the equitization plan of the national air carrier Vietnam Airlines, with over VND14 trillion of charter capital, equivalent to more than 1.41 billion shares with a par value of VND10,000  share.

Travel News

 Vietnam to continue launching tours to world’s largest cave; First high-class tourism complex in North Central Coast; First resort in Quang Binh province to earn five-star rating; AirAsia resumes flights to Danang

Germany aids wind power zoning in Vietnam

 VietNamNet Bridge – The Government has approved a zoning plan worth 3.7 million euros (US$4.8 million) for wind power development in Vietnam, with 3.6 million euros of the amount to be granted by the German government.

Gov’t streamlines cement industry, reduces proposed plants

 VietNamNet Bridge – A number of cement plants have been taken off the list of proposed plants in the country’s development plan for the industry, in an effort to “tidy up” the national industry.

Ba Be - A green gem in the mountains

 VietNamNet Bridge - With its poetic scenery, Ba Be Lake is a mysterious green gem in the northeast mountains and forest.

Art & Entertainment News 11/9

 Punk-pop duo to hit CAMA ATK; Theatre group holds auditions for Dahl play; Aussie singer-songwriter heads to Ha Noi; Los Angeles-based electric duo to perform; Thai artist exhibits photos of famous people

Vietnamese shooters set their sights on gold at Asian Games

 VietNamNet Bridge – The Vietnamese national shooting team are undergoing intensive training in South Korea with the aim of winning a gold medal at the 17th Asian Games (ASIAD).

Ministry wants to know why a Chinese pear took five months to rot

 VietNamNet Bridge – A Chinese pear bought by the director of the National Institute for Food Safety and Hygiene Testing in Hanoi began to rot after an unusually long five month period.

Blood group 'link to memory loss'

 There may be a link between a rare blood type and memory loss in later life, American research suggests.

Vietnam beats Bangladesh in friendly game

 The Vietnam Olympic football team defeated their Bangladesh counterpart 4-2 in a friendly game in the Republic of Korea on September 10 in preparation for the 2014 Asian Games (ASIAD 17).

Ziplining to attract more tourists to Phong Nha-Ke Bang

 VietNamNet Bridge – Visitors to Phong Nha-Ke Bang National Park in the central province of Quang Binh can now take to the skies with ziplining, a new adventure tourism service launched on September 9.

Businesses believe APEC’s free trade agreement will bring few benefits

 VietNamNet Bridge – The proposed APEC free trade agreement (FTAAP) is expected to be on a larger scale than the Trans Pacific Partnership (TPP) agreement, but many Vietnamese businesses are not enthusiastic about the trade pact.

New iPhone 6, iPhone 6 Plus cause stir in Vietnamese market

 VietNamNet Bridge – With major breakthroughs such as a larger screen, more powerful configuration and slimmer body, iPhone 6 and iPhone 6 Plus are expected to set off a new iPhone fever in the Vietnamese market.

Suffering 2-3 loss to Japan, Vietnam to face Myanmar in semi-finals

 Japan yesterday came from behind to beat Viet Nam, 3-2, to emerge as the top team in Group B of the ASEAN Football Federation U19 Nutifood Cup.

VAMC buys nearly 60 trillion VND worth of bad debts

 The Vietnam Assets Management Company (VAMC) has purchased $2.83 billion worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

Political News 11/9

New ambassadors present credentials; Madagascar eager to step up cooperation with Vietnam; Vietnam highlights role of history education; Australian lower house speaker to visit Vietnam

President greets ambassadors

 President Truong Tan Sang hosted receptions in Ha Noi yesterday for the newly appointed ambassadors of the United Kingdom, the Netherlands and Norway.

Vietnamese, Cuban diplomats hold talks

 Vietnam and Cuba will continue to actively realize high-level agreements and signed cooperation documents aiming to promote effective cooperation mechanisms.

FM Minh welcomes Vatican official

 Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception for Under-Secretary for Relations with States Antoine Camilleri in Hanoi on September 10.

NA Chairman welcomes Chinese Ambassador

NA Chairman Nguyen Sinh Hung expressed his hope that the new Chinese ambassador to Vietnam Hong Xiaoyong make use of his new working term in Vietnam to undertake efforts to boost the comprehensive cooperation between the parties, states and peoples.

Is Vietnam’s unemployment rate of 1.84% a correct figure?

According to the latest report from the Ministry of Labor, the unemployment rate of Vietnam is 1.84%. Former chair of the National Assembly’s Committee for Social Affairs – Mrs. Nguyen Thi Hoai Thu – said that this figure is “funny optimism”.

Australian man suspected with Ebola virus

 A 25-year-old man has been rushed to an Australian hospital on Thursday after displaying symptoms of the Ebola virus, health officials said.

Italy - Vietnam Fashion Council formed

 VietNamNet Bridge – An Italy-Vietnam Fashion Council has been established with the participation of famous Vietnamese designers Minh Hanh, Cong Khanh and Quang Nhat and President Stefano Dominella of the Gattinoni Fashion Corporation from Italy.

Loan named as VN’s representative at Miss World beauty pageant

 VietNamNet Bridge - The website of Miss World 2014 pageant has posted the name of Miss Sea Nguyen Thi Loan as the Vietnamese representative who will appear in the beauty contest in December in London.