BUSINESS IN BRIEF 3/10

Mekong Delta salt farmers in despair over drop in prices; Exports up by 54% in farm sector; Budget deficit tops $2.14 bln; Foreign contractors to prioritize local workers; Vietnamese economists’ meeting opens    

Minimum wage increase burdens businesses

Businesses complain that the new wage policy will put a heavier burden on them because they will have to pay higher for workers’ social insurance premiums.

EU urges Slovakia to keep financial commitments to euro rescue plan

A scenario of Slovakia approving the expansion of the eurozone rescue fund (EFSF) without any financial commitments would hardly be acceptable to the country's partners within the single currency area,

Tra Su Cajuput Forest is a must in flooding season

Tra Su Cajuput Forest in An Giang Province, around ten kilometers from the Vietnam-Cambodia border gate, is one of the most popular tourist sites in the Mekong Delta.

Marine protection: the experiences from the rock crab bank

Of the current marine protected areas (MPA), Cu Lao Cham in Quang Nam is believed to be the most effective one.

PM Dung begins official visit to Uzbekistan

Vietnamese Prime Minister Nguyen Tan Dung arrived in Tashkent on the morning of Oct. 2, beginning his three-day official visit to Uzbekistan at the invitation of Prime Minister Shavkat Mirziyoyev.

National Assembly worries of losing fat land

VietNamNet Bridge – Considering the plan on land use in the next 5-10 years submitted by the government, the National Assembly Standing Committee showed its worry over the reduction of rice land.

MOF doesn’t agree to offer tax incentives to auto industry

In its official reply to the Ministry of Industry and Trade’s (MOIT) drafted automobile industry development program by 2020, the Ministry of Finance (MOF) states that there will be no tax incentives to the strategic car line.

Biggest monument of President Ho placed in Gia Lai

On completion, the 10.8m high bronze statue and stone relief of 500sq.m showing the love of the Central Highlands’ people to President Ho Chi Minh, will be the largest artwork of its kind in Vietnam.

Vietnam, Netherlands issue join statement

Vietnam and the Netherlands on Oct. 1 in The Hague issued a joint statement on the official visit of Vietnamese Prime Minister Nguyen Tan Dung to the Kingdom from Sept. 27-Oct. 1, affirming to increase cooperation in five prioritised areas.

SOCIETY IN BRIEF 2/10

HCM City firms seek 95,000 new employees; 2 Chinese sentenced for illegal gun possession; Sai Gon rail station offers 90% discounts; Nigerian sentenced to death for heroin trafficking

BUSINESS IN BRIEF 2/10

Local exporters lament rising costs; ODA disbursement in H1 reaches just 18%; Tours cost more this year; 10 Vietnam firms listed among Forbes Asia’s best; State cement firm posts loss despite high revenue

The beauty of Hanoi’s oldest bridge

VietNamNet Bridge – The 100-year-old Long Bien Bridge is sharing the burden with Chuong Duong Bridge by serving thousands of motorbikes a day. Artists have proposed to turn the bridge into a museum.

Exploring Cuc Phuong National Park

Coming to the northern province of Ninh Binh, after spending time on historical sites of Hoa Lu Capital (968-1009), visitors should not miss Cuc Phuong National Park in Nho Quan District, about 120 kilometers from Hanoi.

Vietnam ranks 85/163 countries for environment performance

VietNamNet Bridge – According to the World Bank (WB), Vietnam ranks 85th among 163 countries for the Environmental Performance Index (EPI) with 59 points.

Ha Noi hosts Run for Peace

VietNamNet Bridge – The 38th Run for Peace, organised by Ha Noi Moi newspaper, will be held tomorrow, Oct 2, in the capital city. The event marks the 57th anniversary of Ha Noi's liberation, which falls on October 10.

Bogus, false PhDs appear at universities

A lot of new universities have opened, while the number of the lecturers with doctorates has not increased accordingly. Universities are really thirsty for the lecturers with high academic titles. Therefore, many bogus and false PhDs have appeared.

Vietnam’s Internet Protocol TV market will boom in two years

Though IPTV now has many good conditions to develop, including the cheap terminal devices and the issuance of the paid-TV legal framework, IPTV still has not become popular in Vietnam.

A slice of Vietnam’s economic structure

VietNamNet would like to introduce an article by Dr. Tran Dinh Thien, Rector of the Vietnam Economics Institute, about Vietnam’s economic portrait, with initial figure of its structure.

Hanoi tourism lacks nothing but attractive products

In people’s thoughts, touring in Hanoi means visiting ancient streets, watching water puppetry, visiting Ho Chi Minh Mausoleum and the Museum of Ethnology. The itinerary has not changed over the last many years.

Saigon’s rock world

VietNamNet Bridge – Rock Saigon is not a burning, breaking-the-rule world of youth--but it is a gloomy world, where talents are wearing out gradually.

Conrad Murray requested CPR machine for Jackson, says lawyer

An attorney hired by concert promoter AEG to draft an employment agreement for Conrad Murray, Michael Jackson's personal physician who is charged with involuntary manslaughter following the singer's death,

Vietnam’s seaport development strategy remains half done

Vietnam still cannot fully exploit the seaports due to the poorly equipped conditions and the lack of competitiveness in comparison with regional ports.

Climate change could cost Canada billions of dollars yearly, study group says

Climate change could cost Canada billions of dollars a year by the end of this decade, a government funded study group announced Thursday.

When FIEs fled and refused to pay debts

A lot of businessmen from Taiwan and South Korea have fled and left huge debts of tens of millions of dollars.