Banks still attract gold deposits, despite SBV’s ban

A lot of commercial banks are providing gold keeping service, but they do not collect fees, while they even pay dividends to the clients. Experts believe that this is a disguised type of attracting gold deposits.

Being trained, bears still forget the jungle

VietNamNet Bridge – In the last three years, many bears were trained at a bear rescue station to resume their natural instinct, but they have not been released back to the forest yet--why?

BUSINESS IN BRIEF 18/3

Credit loans provided for electricity projects; Fuel price rises hit coal electricity producers; Fitch lowers HAGL’s outlook to ‘negative’; Travel firms with collateral allowed to negotiate rates; Mekong Delta fails to lure FDI  

Appetite for local food sector

Foreign investors have great hunger for Vietnam’s lucrative food industry.

Hanoi: Sale of State-owned houses to be inspected

VietNamNet Bridge – The Ministry of Construction is inspecting the sale of state-owned houses in Hanoi, particularly the use of earnings from these houses.

Rumors about bank takeover attempts stir finance market

The financial market has been seething in recent days with information about the merger and acquisition deals of banks. Who are the biggest beneficiaries from the rumors?

Nations sets trap to catch MICE

Viet Nam and Thailand will foster co-operation in the Meetings, Incentives, Conferences and Exhibitions (MICE) industry under an agreement inked yesterday in Ha Noi.

Schools for IZ workers’ children still under construction in the last 20 years

VietNamNet Bridge – To date, no agency or institution has claimed the responsibility for building nursery schools for IZ workers’ children. That explains why the school development plan still remains on paper over the last 20 years.

Ministry makes public scenario for climate change

VietNamNet Bridge – If the sea level rises by one meter, nearly 40 percent of Vietnam’s Mekong Delta will be flooded, according to the Ministry of Natural Resources and Environment’s (MoNRE) latest scenario of climate change in Vietnam.

HD television: the market still open

2011 was considered an eventful year for the pay-TV market with the presence of AVG. Viettel, a telco, is going to jump into the business field. Experts believe that high definition (HD) TV would be the advantage of pay-TV service providers.

Hanoi - Old streets and traditional trades

Hanoi has an old quarter of 36 streets, each being closely attached to a traditional trade that is clearly shown by its name, such as Hang Muoi (salt) Street selling salt, Hang Manh (curtain) Street selling bamboo curtains, etc.

Civil servants eke out meagre living

VietNamNet Bridge – Everyday at 2am, Nguyen Van Thuan, a local government official for Pho Cuong Commune in Duc Pho District, Quang Ngai Province, has to get out of bed and go down to a nearby pond to fish.

Travel agents offer huge discounts on domestic tours

Travel agents in Vietnam are making a concerted effort to market domestic tourism, offering huge discounts and promotional programmes since the beginning of the year.

Hanoi ranks 104th in Global City Competitiveness

Hanoi and Ho Chi Minh City are amongst the 140 cities in the most competitive index in the world, according to a new report Global City Competitiveness by The Economist Intelligence Unit (EIU). 

MPI admits it’s difficult to deal with transfer pricing

“It is as clear as daylight that many foreign invested enterprises (FIEs) commit the transfer pricing, but it is very difficult to find out the proofs for accusations,” said Do Nhat Hoang, Director of the Foreign Investment Agency.

The foreign man in Quang Ngai women’s association

VietNamNet Bridge – American veteran Mike Boehm comes to Vietnam every March, over the last 18 years, to assist poor women in the central province of Quang Ngai.

Dow posts seventh straight gain, S&P ends above 1,400

The U.S stocks ended higher on Thursday after economic data continued to prove that the recovery was picking up strength in the world's largest economy.

BUSINESS IN BRIEF 17/3

Rate cut raises hopes of property recovery; Transport firms struggle with higher petrol prices; Northern economic corridor development plan approved; Increasing pressure for inflation control; Demand rises for high-grade rice  

Tram Gian pagoda offers peace, collection of cherished treasures

VietNamNet Bridge – The bell resounds from the Tram Gian (hundred compartment) Pagoda on a late winter afternoon as I enter through its giant, pillared gate into a large brick yard.

ART & ENTERTAINMENT IN BRIEF 16/3

Vietnam-Philippine friendship concert in Hanoi; World’s top dancesport duos to perform in Vietnam; Boats, bands for Da Nang party; Performance artist presents latest work in HCM City; Vietnamese celebrities attend ‘Chronicle’ debut

Hoa ethnic language put on school curriculum

VietNamNet Bridge – The Chinese (Hoa) ethnic language will be included as an optional subject for children of the Hoa ethnic minority group, at general schools in Vietnam.

Deputy PM advocates restricted use of private vehicles

Deputy Prime Minister Nguyen Xuan Phuc has instructed the Ministries of Finance and Transport to submit a proposal that will restrict use of private vehicles in a move to restore more traffic order and safety in HCM City.

Bilbao beat Man. United to reach Europa League quarters

Athletic Club Bilbao quaified for the quarterfinals of the Europa League with a magnificent victory over English Premier League leaders, Manchester United on Thursday.

IMF approves 28-bln-euro rescue funding for Greece

The International Monetary Fund ( IMF) announced on Thursday that it has approved a 28-billion-euro rescue loan for Greece, ending months of market jitters caused by Greece's faltering fiscal and economic situations.

Chile ratifies FTA with Vietnam

A free trade agreement (FTA) between Vietnam and Chile received ratification of both the Chilean Chamber of Deputies and Senate on Mar. 14, just five days prior to the visit of Chilean President Sebastian Pinera to Asia and Vietnam.