Most HCMC FDI channeled into realty sector

VietNamNet Bridge - Ho Chi Minh City realty sector received most foreign direct investment (FDI) channeled in the city last year.

Aviation authorities turn down plan for new carrier

VietNamNet Bridge - The Civil Aviation Administration of Vietnam (CAAV) has asked the Transport Ministry not to approve a plan by Vietnam Airlines to establish an aviation joint stock company serving businesspeople.

National TV channels not ready for V-League 2011

AVG, the holder of the broadcasting rights of the top professional football league in Vietnam – the V-League – has not reached agreements with other broadcasters to share the event copyright.

Shia LaBeouf to play in movie about Vietnam War

After the success of “Wall Street 2: Money Never Sleeps”, Shia LaBeouf, the leading actor in the blockbuster “Transformers”, will cooperate with famous director Oliver Stone in a new movie about the My Lai massacre in Vietnam in 1968.

No more opportunities for small banks?

VietNamNet Bridge – The competition in the banking sector has become fiercer than ever, as banks have been rushing to increase their chartered capital. Does it mean that there will be no more room for small banks?

Modern-loving locals turn back on ancient village

VietNamNet Bridge - Ever since the Duong Lam Village was listed as “ancient” and thus subject to preservation, locals have been complaining they cannot renovate houses nor construct tall buildings.

National Assembly election scheduled on May 22

VietNamNet Bridge – The National Assembly Standing Committee on January 6 decided to organize the election to the 13th National Assembly and People’s Councils on Sunday, May 22.

Less optimistic, Vietnamese firms still upbeat in 2011

Though Vietnamese private firms are slightly less optimistic about business outlook in 2011, 62 percent compared to 72 percent a year ago, the country still ranked 16th in business optimism in a recent survey over 39 economies worldwide.

US diplomat causes trouble in Vietnam

VietNamNet Bridge - The Vietnamese foreign spokeswoman told the press Thursday that Vietnam always creates favorable conditions for foreign diplomats to work in Vietnam in line with international law.

The dead is also scrambled for land

VietNamNet Bridge – In the age when an inch of land is worth as much as an inch of gold, cemeteries are also used to serve the living.

Hai Phong man arrested for beheading woman

VietNamNet Bridge – Police of the northern port city of Hai Phong \have arrested a man who confessed to kill and dismember a woman whose body was found on January 7.

Smuggled goods overflow southwestern border gates

As the lunar New Year approaches, gas, sugar, cigarette, foreign wines, cloth, food, etc. from Cambodia have been streaming into Vietnam through border gates in southwestern provinces.  

Vietnam property ranks 4th among emerging markets

VietNamNet Bridge - The Association of Foreign Investors in Real Estate has ranked Vietnam fourth among emerging markets behind Brazil, China, and India.

Violent online games: a many-headed Hydra?

VietNamNet Bridge - After five months of tightening control over online games, HCM City authorities have banned 20 games, said an official during yesterday’s conference on online games management.

BUSINESS IN BRIEF 8/1

UK operator’s 3rd Vietnam hotel set to open; Viet Nam to increase exports to Egypt; Sharp rise in unofficial exports of pigs to China; Real estate group gets down to business

Fake alcohol erodes rural people’s stomach

Poor people, especially rural people, are drinking no-brand alcohol which they believe to be rice alcohol but they don’t know that they are consuming fake alcohol which is very harmful for your health. VietNamNet reports.

Vietnam folk music in line for UNESCO credit

VietNamNet Bridge - “Đờn ca tài tử” -- a fading genre of folk music mainly developed and spread in the south of Vietnam from the last century -- will be submitted to UNESCO by March, 2011 for recognition as an Intangible Cultural Heritage.

More Vietnamese banks go overseas

VietNamNet Bridge - Five of the commercial banks in Vietnam either have established or are preparing for expanding overseas, mostly in Southeast Asian countries.

Vietnam Airlines adds more flight for Tet

VietNamNet Bridge - Vietnam Airlines announced Wednesday it would increase further flights on major domestic routes in January to meet the surge in demand for upcoming Tet (the lunar New Year) which falls on February 2, 2011.

SOCIETY IN BRIEF 8/1

HCM City grants $10.3 million unemployment benefits to residents; Catering plants pose health risks; Journalist handcuffed for allegedly assaulting cop; Hanoi gift clock out of order; Reclaiming public properties drags on in city    

ART & ENTERTAINMENT IN BRIEF 8/1

Digital libraries gain popularity; International seminar on amateur music to be held in HCM City; Hanoi receives 215 objects excavated from Thang Long Citadel; Award-winning documentary to be screened      

Income tax too high, too ridiculous: taxpayers

VietNamNet Bridge - Vietnamese taxpayers are complaining the current personal income tax is too high compared to rising inflation, citing unreasonable tax on stipends and too low a deduction for dependents.

In 2011, the interest rates will go down: expert

Dr. Tran Hoang Ngan, member of the National Advisory Council for Monetary Policies, said that to curb CPI at 7% in 2011, it is necessary to tighten spending to reduce the budget deficit and control trade gap.

“Making-up” for ancient bridge in cold spell

A dozen of workers devoted themselves to beautify the Long Bien Bridge, a historical relic of Hanoi, in the coldest spell of the year.  

Hanoi’s ancient gate wears new coat

A project to restore the O Quan Chuong (Quan Chuong Gate) in Hanoi’s Old Quarters saw its first phase accomplished on January 4.