BUSINESS IN BRIEF 9/7

Bigger M&A deals in sight; Renovation pushes small traders to hardship; National carrier looks for greater lift; Ministry to set up dept. to supervise state capital; Private sector drives economic reforms  

Troubled access to global supply chain

Vietnamese firms are facing difficulties joining the global supply chain.

Real estate projects left fallow, foreign investors vanished from sight

VietNamNet Bridge – A lot of foreign invested real estate projects have been unimplemented after they got operation licenses, while the investors have disappeared altogether.

Hanoi’s night flower market

Quang Ba - the only flower wholesale market in Hanoi - opens at 2am when trucks carry flowers from Hanoi’s suburbs and Da Lat city to the market. One hour later, the market is crowded. Let’s visit the market with us to discover a different Hanoi.

The colours of wool embroidered paintings

Only a few people know about the genre of wool embroidered painting because it is not as fashionable and smooth as traditional thread embroidery.

Web servers at risk, says BKAV

BKAV yesterday warned that a critical flaw in Remote Desktop Protocol (RDP) across supported versions of Windows is affecting about 32 per cent of the Viet Nam's Government web servers.

Increasing capital flow to cope with bad debt

The State Bank of Vietnam has proposed setting up a company with initial capital of VND100,000 billion to trade bad debt in the banking system. Is it possible that this company alone can resolve the problem?

Insurance holds up rescue of VN ship

Work to tow a Vietnamese cargo ship whose steering broke down in Indian waters last week and has since been drifting has been delayed over an insurance dispute.

World tour electric car arrives in Vietnam

Two French engineers, Antonin Guy and Xavier Degon, who are traveling around the world in a standard electric car, have arrived in Vietnam. 

State-owned businesses should not be seen as “burden,” says official

VietNamNet Bridge – Admitting that nearly one third of State-owned groups have debts that are three times higher than their own capital, Minister of Planning and Investment Bui Quang Vinh said that this matter is “not so worrying.”

Ly Son Island

VietNamNet Bridge - With many historical, cultural relics and fascinating tourist areas, the 10-square-kilometer Ly Son Island in the central province of Quang Ngai is an amazing tourist attraction.

New fauna and floral species discovered in Lam Dong

VietNamNet Bridge – Several new fauna and floral species have been discovered in the Bidoup Nui Ba National Park in the central highland province of Lam Dong in recent years.

Economists optimistic, businesses pessimistic about economy performance

While independent economists and government officials believe that the economic downturn has “touched bottom” and the economic recovery would be seen in some more days, businesses have affirmed that the situation is still very worrying.

Hue - A city of festivals

Today, talking about Hue City many people not only think of a World's Cultural Heritage Site with magnificent and splendid temples, shrines and tombs, but also have a memory of a renowned city of cultural festivals of Vietnam and the world as well.

Hong Linh Mountain destroyed because people thirsty for panacea

Despite the broiling sun, people still try to climb to Hong Linh Mountain these days to look for mat nhan – or eurycoma longifolia jack - the plant which can treat all diseases.

Hundred people split their sides with laughter every morning

VietNamNet Bridge – Every morning, hundreds of people grouped up behind King Ly Thai To statue, which faces Hoan Kiem Lake, to look at each other and are doubled up with laughter. This scene makes others curious.

Heritage syndrome in Vietnam

VietNamNet Bridge – It is ridiculous that VND3 billion ($150,000) was spent to build a new Nam Giao worshipping platform in the Ho Dynasty Citadel for the UNESCO heritage certificate reception ceremony.

Vietnam keen to boost ties with Brazil

Vietnam attaches great importance to developing friendship and cooperation with Brazil, said Prime Minister Nguyen Tan Dung at a reception for Brazilian Foreign Minister Antonio de Aguiar Patriota in Hanoi on July 6.

BUSINESS IN BRIEF 8/7

Mekong Delta exports 2.7 million tonnes of rice; Vietnamese seaports in dire straits; Banks asked to stop charging additional fees at ATMs; HCM City ratifies infrastructure action plan; HCM City City has 20 new hotels every month

Mounting pressure on inflation control in 2013

Inflation might be well controlled in the remaining months of this year, but it is no easy task to do this in 2013, say economists.

For happiness and prosperity of Vietnam and Cambodia

Vietnam and Cambodia are neighbouring countries which have a long-standing traditional friendship. On the occasion of the 45th anniversary of diplomatic ties between the two countries, many activities full of fraternal friendship were held.

Local carriers offer more summer flights

Jetstar Pacific and Air Mekong are adding more flights from HCMC and Hanoi to tourist destinations across Vietnam to meet the surging demand for air travel, particularly on weekends.

MOC: Some cement plants facing difficulties, but this is not doomsday

While the cement industry has been struggling with the oversupply, the Ministry of Construction still believes that the inventory volume is within the safety line, denying the opinion about overproduction.

Carbon credits are in vogue

These projects have big prospects and are also well supported by local authorities.

State budget revenues plunge

State budget collections have fallen short of projections for the past five years, Deputy Minister of Finance Do Hoang Anh Tuan told a meeting in Ha Noi yesterday.