BUSINESS IN BRIEF 2/1

Cbank to assign credit growth targets by groups; Zero import tax levied on Lao goods; Sufficient goods supply for Tet; Garment surplus hits $6.5b; SCIC plans to divest $10m from TTP; Steelmaker to issue 31m shares  

Tax payment to go under close scrutiny

Tax compliance will be observed more strictly given the recent changes in Vietnam’s tax policy, said experts of Deloitte at a recent seminar.

Party Central Committee issues resolution on infrastructure, party building

The fourth meeting of the 11th Communist Party of Vietnam Central Committee (CPVCC) closed in Hanoi on Saturday, stressing mobilisation of all sources for infrastructure construction and all-out efforts to strengthen the Party. 

World to ring in 2012 with spectacular fireworks

Spectacular fireworks and crowded parties will ring in the New Year for revellers around the world, as billions mark the end of 2011 with noisy celebrations from Sydney to Stockholm.

Kobe beef found to be imported illegally

The luxurious Kobe beef that has been offered in Vietnam in the past few years has in fact been illegally imported without passing any quarantine check, officials said.

Thousands flock to flower festival

Thousands of people last night flocked to the biggest flower festival yet held in the capital city.

Capital divestiture – an immediate task for State groups

Inefficient investment in non-core areas is dealing a major blow to business plans of State economic groups and corporations. Capital divestiture is an effective solution to remedy the situation.

Vietnamese ring in the New 2012 Year

VietNamNet Bridge - Vietnamese throughout the country welcomed the New 2012 Year with joy and happiness.

More foreign tourists robbed in HCM City

More foreign visitors have been robbed in HCMC in recent times, sparking concerns over tourists’ safety among tour operators.

FDI spending equals 2010 despite problems

The disbursement of foreign direct investment (FDI) this year reached last year's figures of US$11 billion despite challenges caused by tough economic conditions, the Foreign Investment Agency (FIA) reported yesterday.

Notre Dame Cathedral is a serene rendezvous

When mentioning churches, people might think about priests offering Mass, chorus singing, elderly people praying and children learning Bible lessons.

SMEs ask for loans to be rescheduled

The Viet Nam Association of Small- and Medium-sized Enterprises (VinaSME) has called on the Government to reschedule old debt to create favourable conditions for their members to access new loans to recover production and business.

When will Vietnam’s mathematics go beyond the “ivory tower?”

All the modern industries and services can only develop on the basis of mathematics, and all economies need mathematicians. Meanwhile, the number of mathematicians in Vietnam remains modest.

One-UN plan will support Vietnam’s policy reform

Pratibha Mehta has just come to Vietnam for a few weeks to assume her new position as the UN Resident Coordinator in Vietnam. On this occasion, she organized a talk last week with reporters about UN’s support for Vietnam in the coming time.

New Year 2012 welcomed in Vietnam

VietNamNet Bridge – Hundreds of thousands of people flocked to Hoan Kiem Lake, where hosted the street flower and the Countdown Party to welcome the New Year 2012. In HCM City, locals also enjoyed firework shows and the Countdown Party.

Compact camera market getting narrower

Compact cameras have become less favorable in Vietnam, while they now have big redoubtable rivals – mobile phones and professional photography equipments.

Ports in Mekong Delta have abundant loading capacity

While the seaports in HCM City and Ba Ria-Vung Tau have been always overloaded, the ports in the west of the southern region can only operate at 25-50 percent of the designed capacity.

Tet spirit in flower village

VietNamNet Bridge – Many kinds of flowers are blossoming at Hanoi’s Nhat Tan village. Young people flock to the village every afternoon to take pictures with flowers.

Let out stress with Kitto

PhD. Joanna Kitto, a British psychoanalyst, has helped a large number of Vietnamese civil servants eliminate stress caused by the pressure of work with a new, simple and highly applicable psychological therapy.

The important marks in the national economy in 2011

VietNamNet Bridge - 2011 is the year of great challenges. The government has to apply drastic measures to fight the inflation, while businesses have to struggle to keep normal production and boost sales.

Hanoi sees sharp rise in unemployment

Up to 16,100 workers in Hanoi have registered for unemployment benefits in the first 11 months of the year, up almost 4 fold from last year.   

Rangers under scrutiny

VietNamNet Bridge – The Ministry of Agriculture and Rural Development (MARD) plans to check on forest rangers throughout the nation, especially in the central and Central Highland areas.

BUSINESS IN BRIEF 1/1

Exports hit record-high $94.8b; Electrical supply to increase by 11%; Credit card payment encouraged; Vinamilk turnover hits US$1 billion; Malaysia’s largest housing group pours investment into Vietnam; Dutch builder plans six shopping malls  

Extra freight trains to ease truck traffic to Hai Phong

The Ministry of Transport has given the nod to a project by Viet Nam Railways to boost the carrying capacity of freight trains travelling to and from Hai Phong Port.

VFA announces floor rice prices, determining to restore order on market

The Vietnam Food Association VFA has announced the new floor rice export prices, the move which is believed to help stop some rice exporters who break the commitments and export at low prices.