LG’s $1.5 billion complex licenced

 VietNamNet Bridge – South Korea’s LG Electronics today received the investment certificate for its $1.5 billion manufacturing project in the northern Haiphong port city.

Budding director makes his mark in Russia

 VietNamNet Bridge – Young documentary director Dinh Xuan Truong recently featured on a renowned Russian news show to discuss his passion for filmmaking in the country.

Local banks plan to sell bad debt to asset management firm

 VietNamNet Bridge – The Nam Viet Commercial Joint Stock Bank (Navibank) and Asia Commercial Bank (ACB) have lodged plans to sell non-performing loans to the Viet Nam Asset Management Company (VAMC).

MIT and Harvard top world university list

 The United States comes out on top in an authoritative list of international university rankings published Tuesday, with the Massachusetts Institute of Technology (MIT) and Harvard University leading the way.

Buffalo fighting festival recognised as intangible cultural heritage

 The Do Son buffalo fighting festival in the northern port city of Hai Phong will be recognised as a national intangible cultural heritage on Thursday when the festival takes place.

Foreign workers without work permit to be deported, new regulations

VietNamNet Bridge - The new decree that will take effect from November 1, 2013 includes detailed provisions on the granting of work permits to foreign workers in Vietnam and deportation of those without work permits.

 

BUSINESS IN BRIEF 11/9

 Vietnam's seaport system to be adjusted; Tra fish exports to EU down by 12.8 percent; Vietnam, RoK SMEs boost cooperation; Opportunities and challenges for farm exports

Vingroup temporarily delays Singapore IPO

 VietNamNet Bridge – Vingroup Joint Stock Company (Vingroup JSC) will temporarily delay its plans to sell shares and have them traded in Singapore in response to foreign investors pulling capital out of emerging markets.

When US consumers disrelish Chinese

 VietNamNet Bridge – Great opportunities have come to Vietnamese producers to boost the exports to the US, when the US consumers have got tired of Chinese goods after the product quality scandals.

Apple shares up ahead of new iPhone launch

 Apple's shares climbed ahead of an expected move on Tuesday to expand the iPhone domain with a pair of new models, including one aimed at China.

Police uncover huge ATM fraud operation in Nha Trang

 Police in the central province of Khanh Hoa has arrested three foreigners for using counterfeit ATM cards to withdraw money from banks’ ATMs.

Vietnam tennis players compete in Davis Cup 2013

 A five member Vietnam tennis team left Hanoi on September 8 for the 2013 Davis Cup tournament, the premier international team event in

Railway stations to offer free wifi

Yesterday, September 9, the Saigon railway station put into use a free wifi system, which help passengers easily access to the Internet, search for information while waiting for the train and their relatives.

Vietnam’s farm produce exports remain precarious

The export prices have been unstable. The main export items such as rice, coffee and rubber have seen the export volumes drop sharply. As for seafood exports, shrimp are the only products seeing growth, while tuna and catfish exports have gone down.

New WTO head stresses importance of multilateral negotiations in inaugural speech

 The new head of World Trade Organization (WTO) Monday stressed in his inaugural speech the vital role of WTO in a global economy that "is in a state of flux" and pledged to boost the multilateral negotiations.

NA Standing Committee starts 21st session

 VietNamNet Bridge – Deputies will review Government and ministry activities at the 21st session of the National Assembly Standing Committee, which began yesterday, Sept 9.

VN President to visit Hungary, Denmark

President Truong Tan Sang will visit Hungary from September 15-17 and then head to Denmark from September 18-20, said the Ministry of Foreign Affairs on September 9.

“Forest men” work on the field

 VietNamNet Bridge - For the first time after 40 years, the father and son who are called “forest men” – Ho Van Thanh and Ho Van Lang – went to the field with local people.

VN, RoK take trust to new level

 VietNamNet Bridge – The Presidents of Viet Nam and the Republic of Korea (RoK) agreed to further strengthen mutual trust and understanding between the two countries during talks in Ha Noi yesterday, Sept 9.

At least 43 dead in Guatemala bus crash

 A bus carrying scores of passengers plunged off a steep cliff in western Guatemala, leaving at least 43 people dead -- including newborn babies -- and injuring 40 others, officials said.

Vietnam’s tourism road show to be staged in Japan

VietNamNet Bridge – A series of cultural activities, festivals, art performances and investment promotion conferences will be held this month at the ‘Vietnam Days in Japan 2013’ in Japan’s Tokyo, Osaka, Kobe, Nagoya and Fukuoka cities.

Facebook stirred up by Bill Gates’ photo on Vietnam’s electric pole

 VietNamNet Bridge - The American billionaire has just posted on his facebook a picture of an electric pole in Vietnam and his comment showing the worry about the increasing energy demand in developing countries, particularly Vietnam.

HCMC: American teacher dies under truck wheels

VietNamNet Bridge – Yesterday morning an American man was struck and killed by a truck on the spot when he was riding at the bend from Huynh Tan Phat Road to the Ben Nghe port in District 7, Ho Chi Minh City.

Hanoi to bury 80 percent of cables in 2020

 VietNamNet Bridge – Hanoi has introduced its postal and telecommunication development planning to 2020, in which the city aims to bury 80-90 percent of the cables in the inlying area and 50-60 percent in the suburban area by 2020.

Nursery schools’ low education quality makes parents anxious

Some international nursery schools charge nearly VND10 million a month. At other schools, parents only have to pay VND30,000 per day, including the expenses for the meals. However, the parents all feel anxious about the quality of nursery schools.