BUSINESS IN BRIEF 27/12

Loss-making firms begin to report profits; Tra fish exports to EU decrease slightly; New terminal in Da Nang airport; Imported beer trumps as favorite Tet gift; A challenging year for SMEs; Industrial production slows down  

Thu Thiem tunnel looks fanciful in time-lapse photos

VietNamNet Bridge – Using time-lapse technique, Thu Thiem tunnel which runs under the Saigon River, the longest tunnel in Southeast Asia, looks fanciful.

Trade deficit $9.5b, lowest in 10 years

Viet Nam's trade deficit this year was the lowest in the past 10 years, reaching just over US$9.5 billion, a year-on-year decrease of nearly 23 per cent and equivalent to 9.9 per cent of the total export value.

International stars to welcome New Year’s Eve in Vietnam

VietNamNet Bridge – Famous artists, singers, DJs of Vietnam and the world will take part in the Heineken Countdown Party on the evening of December 31, in HCM City and Nha Trang.

Vietnam Navy receives transport choppers

Sunday morning the Vietnamese Navy received two EC225 helicopters, made by French helicopter manufacturer Eurocopter, in a ceremony at Vung Tau Airport in the southern province of Ba Ria-Vung Tau.

China encourages direct use of yuan, yen in trade with Japan

Chinese Premier Wen Jiabao Sunday told visiting Japanese Prime Minster Yoshihiko Noda that China is willing to work with Japan in promoting the direct use of their respective currencies in bilateral trade.

Ten outstanding sports events in 2011

VietNamNet Bridge would like to review the top ten events of Vietnam’s sports in 2011.

Football Federation’s Chair believes in domestic coaches

VietNamNet Bridge – VFF Chair Nguyen Trong Hy said that the national football squad will recruit a domestic coach if German coach Falko Goetz is fired. The statement shows a big change in VFF’s policy.

Death toll from tropical storm climbs to 1,236 in Philippines

Ten days after tropical storm Washi (local name: Sendong) brought massive rains and flooding in parts of the southern Philippine region of Mindanao and the central region of Visayas, workers continued to retrieve more bodies

Power hike, inflation hit market

Year-end is the time when a range of economic indicators are announced, with profound impacts on the stock market.

The 9 outstanding features of Vietnam’s foreign trade in 2011

The year 2011 witnesses the import and export turnover on the rise and the trade gap on the decrease, which should be seen as the “good news” for Vietnam’s foreign trade.

Da Nang clamps down on migrants

Central Da Nang City has temporarily decided to stop people from outside from registering as residents because of overstretched infrastructure and an increase in crime committed by migrants, but this may be illegal under Vietnamese law.

HCM City looks to boost socio-economic development

Municipal authorities are asking for greater autonomy in key areas including budget finance, personnel organisation and administrative punishments so that the city can better ensure sustainable socio-economic development.

SOCIETY IN BRIEF 26/12

Construction work begins on new railway intersection; Social, health insurance covers 56 million people; Man seized for selling fake meteorite for $95,000; Province receives new planes

Taekwondo fighters finalise training plan ahead of Olympics

VietNamNet Bridge – Vietnamese taekwondo martial artists have finalised their preparations for the coming London Olympics next August.

Seven found dead in Dallas-area apartment

Seven people were found dead in a Dallas-area apartment after police in Texas, U.S. entered the unit on Sunday, according to local media reports.

National Assembly's report predicts continued dong depreciation

The VN dong may continue to depreciate against the US dollar early next year, said a report of the National Assembly Economic Committee.

39 killed in 5 bomb blasts in Nigeria

Terror attacks across Nigeria by a radical Muslim sect have killed at least 39 people. The majority died on the steps of a Catholic church as a massive explosion occured during Christmas Mass.

Pianist marks 50-year career

VietNamNet Bridge – Pianist Nguyen Anh 9 will celebrate 50 years in music with an one-night concert in Ha Noi's Au Co Theatre on Thursday.

Climate response lacks resources

VietNamNet Bridge – Insufficient human resources was a major challenge for Viet Nam in responding to climate change, said head of the Natural Resources and Environment Ministry's Personnel and Organisation Department Ta Dinh Thi.

Khanh Hoa give Sai Gon a scare in last 16

VietNamNet Bridge – Sai Gon Xuan Thanh team struggled to a 3-2 win against Khatoco Khanh Hoa in the last 16 of the National Cup in HCM City on Saturday.

SBV sets stricter rules on new bank establishment

The statements made by the State Bank of Vietnam recently make people understand that while Vietnam is still busy “putting the banking system in order,” it would nearly say “no” to the establishment of any new banks.

60% of crime committed by people aged 16 to 18 - forum

VietNamNet Bridge – Thirty per cent of juvenile crimes were committed by young people in rural areas, the Ministry of Public Security said at a recent workshop on measures to increase understanding of the law for rural and ethnic youth.

Vietnamese travelers now the targeted clients for foreign travel firms

The increasingly high number of Vietnamese travelers going abroad year after year has helped Vietnam list its name into the list of the key markets of many countries, such as Thailand, Hong Kong, Malaysia, Singapore and South Korea.

Vietnamese made goods, services declared reliable

VietNamNet Bridge – More than 100 products and services developed by Vietnamese businesses were honoured as reliable and trustworthy this year in a ceremony held yesterday, Dec 25.