Vietnam promising land for consumer finance in 2013

Experts believe that consumer finance would witness a boom in 2013, when there are all favorable conditions for the market to develop.

Smuggling and violence on trains gather steam

 VietNamNet Bridge – Both smuggling and violence on trains are increasing, and the problems will only get worse as the Tet festival approaches, warns the Viet Nam Railway Corporation.

BUSINESS IN BRIEF 31/12

Revenue from retail and services up 16%; VN eyes $7-bln investment in Laos; Hanoi: 8.1 percent economic growth; Auto registration fee cuts seen not steep enough; VNPost looks for express delivery

Halcyon days of cheap labour over

 VietNamNet Bridge – Rising wages in Vietnam are prompting many foreign investors in labour-intensive industries to look to other countries with cheaper labour cost to make investments.

PM plants seeds for flora import restrictions move

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved a project to prevent and control the import of alien species of flora and fauna into the country.

Coach Hoang Tuan to instruct national football team

VietNamNet Bridge – The Vietnam Football Federation (VFF) negotiated with coach Hoang Anh Tuan and the results obtained made both happy.

Ministry of Culture finds 2013 Tourism Ambassador candidates

VietNamNet Bridge - After actress Ly Nha Ky completed the mission of the 2012 Tourism Ambassador, the Ministry of Culture, Sports and Tourism is seeking nominees for the Tourism Ambassador 2013 position.

Tourist hotspot at Dinh Cau Market

 VietNamNet Bridge – Hundreds of lights are on to welcome tourists to the food stalls and eateries on either side of Vo Thi Sau Street when darkness pervades Phu Quoc Island.

Cyclist Nguyen Nam Cuc retires after 17 years

VietNamNet Bridge – Veteran cyclist Nguyen Nam Cuc has announced his retirement after 17 years of racing. 

Vietnam Dog Show 2012 in pictures

VietNamNet Bridge – On December 29-30, the Vietnam Dog Show 2012 was held by the Vietnam Kennel Association (VKA) at the Phu Tho Sports House in HCM City.

Poor people flock to Hanoi to earn money for Tet holiday

VietNamNet Bridge – The winter weather is increasingly harsh, but it cannot stop the flow of people from the countryside to the capital to do anything to earn some money for the coming lunar New Year holiday (Tet).

Many kinds of medicines have quality problems

VietNamNet Bridge - A lot of medicines have been suspended from circulation or had their registration number revoked for quality violation. Notably, most of the medicines are produced in Vietnam and India.

Govt’s credit package funding house purchases inaccessible to people

Both the State and commercial banks have announced the launching of credit packages at preferential interest rates to fund house purchases. However, the packages still have not reached out to people.

Contaminated groundwater blamed for commune cancer deaths

 VietNamNet Bridge – The high number of deaths from cancer in a commune in Phu Yen Province has raised serious questions about the safety of the groundwater used by local residents in their daily lives.

Challenges for Vietnam in 2013

VietNamNet Bridge - 2013 is a year to decide the trust of the market and the world on institutional reform in Vietnam.

Tra fish exports score well in tough year

 VietNamNet Bridge – Tra fish exports will likely reach US$1.8 billion by the year’s end, equal to last year’s figure, demonstrating the efforts of the industry players in the context of export price volatility and struggling farmers.

Tribal groups’ poverty rate down but still high

VietNamNet Bridge – The poverty rate of ethnic minority groups has plummeted eight percentage points over the past five years, with poverty rate of H’Mong ethnic people tumbling 24.3 points, but the rate is still high,

MOET admits problems with textbooks, needs more time for reconsideration

The Ministry of Education and Training (MOET) has admitted that big problems exist in the textbooks for the national education system. It has also been aware of the necessity for a “revolution” in the way of compiling textbooks.

Matchmakers lure rural women into misery

  VietNamNet Bridge – 21-year-old Le Viet Ha (an alias) is folded in her mother's arms in a small house in the outskirts of Ha Noi. Her body shudders as she wails, her tears soaking her mother's clothes.

Most prominent cultural events in 2012

VietNamNet Bridge - The year 2012 nearly ends with many achievements and scandals. Below are some outstanding events of the year.

Vietnam exports more than imports in 2012: titled but penniless

VietNamNet Bridge – Vietnam, for the second time in history, witnessed a trade surplus of $284 million in 2012, or 20 years after the first time. However, the achievement has not been applauded by economists.

Community tourism improves Giao Xuan eco-life

 VietNamNet Bridge – Just three hours drive from Hanoi, Giao Xuan Village is a familiar stop for foreigners who enjoy the countryside and prefer to stay with people in the local community rather than hang out in a luxury hotel.

BUSINESS IN BRIEF 30/12

Govt leaders outline FDI roadmap to boost growth; SBV submits asset management plan; Thai company acquires majority stake in tile firm; State-owned food processor to divest from affiliates; Monetary policies stabilise economy

SOE equitization program falls into oblivion

 VietNamNet Bridge – The equitization plan, the pillar of the State-owned enterprise (SOE) restructuring program, has gone out of attention this year as a result of the poor performance of the stock market and the economy as a whole.

Bankers invite businesses for loans with insistence, borrowers remain cold

Commercial banks have launched a series of promotion campaigns, inviting people to loans at preferential interest rates. However, their invitation has not been replied to.