IT, telecom market to surpass US$13 billion

 VietNamNet Bridge – Despite economic difficulties, spending on information technology (IT) and telecom services is expected to soar next year with market value hitting over US$13 billion, according to market survey company IDC.

MPI asks Gov’t to drop BT investment format

VietNamNet Bridge – The Ministry of Planning and Investment on Tuesday proposed the Government to drop the investment format of Build-Transfer, in particular those projects that the State has to pay money back

BUSINESS IN BRIEF 30/12

 Danang suggests bond issuance; Number of SOEs halved after 13 years; Overseas remittance to HCMC estimated at US$4.8 billion in 2013; FDI sector witnesses large trade surplus; Public debt may account for over 98% of GDP

Treatments empower HIV-positive mothers

VietNamNet Bridge – Standing on the threshold of her unfinished house, 32-year-old Nguyen Thi Luong lit up with joy thinking about her coming baby.

Grave concerns over massive business shutdowns

 VietNamNet Bridge – Experts have voiced concerns over the health of enterprises, saying the ever-increasing number of business shutdowns cast a gloomy outlook on the economy.

Medical scandal puts whistleblower in spotlight

 VietNamNet Bridge – Few things could have prepared Hoang Thi Nguyet for being caught at the center of one of the biggest scandals to rock the nation's health sector this year.

VN turns into big sturgeon caviar producer and consumer

VietNamNet Bridge – A lot Vietnamese can afford the luxurious parties with sturgeon caviar worth up to $50,000. This partially explains the strong development of the sturgeon farming in Vietnam.

Tourist sites admission fees increase next year

 VietNamNet Bridge – Admission and service charges at many popular tourist destinations nationwide will rise in 2014, causing huge challenges to travel companies in lowering tour prices to improve competitiveness.

Youth struggle to find jobs in slow economy

 VietNamNet Bridge – According to the General Statistics Office, there were at least 1 million unemployed people during the first nine months of 2013. Nationwide, young people (15-24 years old) accounted for 5.97 per cent,

Vietnam’s economy has never been sustainable

 VietNamNet Bridge – The General Statistics Office (GSO) on Monday convened a press conference to announce the country’s socio-economic development in 2013. On the sidelines of the meeting,

Nigerian finds his feet in VN

 VietNamNet Bridge – Samson Kayode has played football in Viet Nam for seven years, won a title with Ha Noi T&T, and was named best foreign player in 2011.

Veteran researcher makes a pitch for future of traditional music

 VietNamNet Bridge – The Don ca tai tu music and song in southern Vietnam, a musical art with both scholarly and folk roots, has been inscribed early this month on the Representative List of the Intangible Cultural Heritage of Humanity.

Viettel tops local telecom market

 VietNamNet Bridge – Viettel Corporation retains its top position in the Vietnamese telecommunications market in 2013, according to the Ministry of Information and Communications.

Blumea blooms, tea gardens lure backpackers to Moc Chau

 VietNamNet Bridge – At the end of November, Nguyen Viet Hai and his friends drove 200km from Ha Noi to Moc Chau District in the northern province of Son La to hike through the white blumea flower fields.

NGO evens the playing field for rural kids

The one-day event is part of a project by the Football For All in Viet Nam (FFAV), jointly initiated by presidents of the Viet Nam Football Federation (VFF) and the Norway Football Federation back in 1997.

Motorbike manufacturers choose VN as production base

 VietNamNet Bridge – Most of the world’s biggest motorbike manufacturers have come to Vietnam to set up their main production bases, which have been providing products to many markets in the world.

VN shipping firms face uphill battle

 VietNamNet Bridge – Local companies in the maritime shipping market will have to struggle amidst fierce competition with experienced and well-funded players from abroad, as they battle for dwindling orders.

Illegal ads just won't go away, officials rue

VietNamNet Bridge – Whether it is getting rid of termites, drilling concrete, renting a house or a motel, or plumbing work, all you need to do is to call the number on the notice stuck on the wall of your house, the lamp post

BUSINESS IN BRIEF 29/12

 Phones, accessories climb to top exports at $21.5b; Agro-forestry and fisheries hit $27.5b; Commission certifies open-ended fund; Thanh Hoa top choice for Japanese funds; Firms owe millions in insurance premiums

No small notes for Tet: SBV

 VietNamNet Bridge – The State Bank of Viet Nam announced it would not issue new small bank notes during Tet, in a bid to cut back on shortages of small bills.

Dambri Waterfall in the middle of the jungle

 VietNamNet Bridge – About 18 km from Bao Loc city, Lam Dong province, the large waterfall of the Central Highlands of Vietnam called "Waiting" roars throughout the day and night.

Hanoi police seizes over 50 tons unoriginal confectioneries

 VietNamNet Bridge – Tons of oyster sauce and various confectioneries without clear origin were seized by the Market Management Board No.2 in Hanoi on December 26.

Vietnam may open doors to rescue small banks

 VietNamNet Bridge – If UOB pours money into GP Bank, this would mean that the government of Vietnam implicitly keep the banks’ doors open to foreign investors who are believed to help deal with weak banks.

Copper mine inflicts misery in Lao Cai

 VietNamNet Bridge – Residents around Sin Quyen copper mine in the northern province of Lao Cai have blamed mining operations for years of recurrent air pollution in the area.

New colorful insect species found in Lam Dong

 VietNamNet Bridge - Scientists at the Institute of Hygiene Epidemiology have announced their discovery of a new stag beetle species of the genus Neolucanus in the Bidoup-Nui Ba National Park in the Central Highlands province of Lam Dong.