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BUSINESS IN BRIEF 20/1

Property firms hit the wall; Push into S Korea needs support; Amata Vietnam joins Thai bourse; Southern agricultural producers get new VietGap certificate; Preferential tariffs – a boon for exporters; EVN forced to buy power from China

Vietnamese succeeds in making cosmetics materials from rice bran

Nguyen Duc Tien, a scientist from the Agricultural Electromechanical Post-harvesting Technology Institute and his associates have successfully invented the technology to make Gamma Oryzanol from rice bran.

Vietnam’s catfish bears too much pressure from importers

Vietnam’s catfish has to satisfy a series of requirements set up by import countries to reach out to foreign consumers.

BUSINESS IN BRIEF 10/1

Ineffective IPR protection a thorny issue in Vietnam; Saigon Hi-Tech Park phase two is approved; Steel consumption rises 3 per cent; More than 80,000 workers sent abroad in 2012; Work begins on solar cell plant in Hue

BUSINESS IN BRIEF 8/1

Retail industry draws investors; MoF to refund tax on plastic bags; Garment makers optimistic for 2013; Southern trade bloc does well; Mergers, acquisitions expected to boom this year; Dung Quat oil refinery targets 6.5 million tonnes of products

BUSINESS IN BRIEF 6/1

FIEs ready to join “National Branding” fest; ODA funds boost infrastructure plan; FIEs lead on export growth; Quang Ngai seeks new FDI for heavy industry complex; Local makers wring for life

External economic achievements gained in 2012

 VietNamNet Bridge – Despite global and domestic challenges, Viet Nam has still gained significant external economic achievements in 2012, especially in terms of FDI, ODA, export, import and international arrivals.

BUSINESS IN BRIEF 2/1

Mekong Delta farmers eager for Gov’t to stockpile rice; Agro-aqua-forestry exports increase in 2012; Banks to charge on-us transaction fee from next March; Major solutions to defuse sluggish real estate market

VN prioritizes investments in logistics, encouraging PPP

VietNamNet Bridge – Vietnam, which expects the export turnover increase by three folds by 2020, is now calling for investments in the logistics industry in order to improve its competitiveness.

BUSINESS IN BRIEF 27/12

ADB grants $251m loans to Viet Nam; HCM City districts call for delayed projects to be cancelled; Agro-forestry and aquatic exports earn US$27.5 billion; Foreign direct investment pledges go down

BUSINESS IN BRIEF 23/12

More firms seek to get delisted; Electronics short circuits; Gov’t to adopt specific resolution to unfreeze real estate market; Wind power projects must be 300 metres from residential areas; Sugar industry mired in troubles, awaiting help

MOF bent over with cement plants’ foreign debts

With the heavy debts of up to trillions of dong, a lot of cement companies cannot pay foreign debts. As a result, the Ministry of Finance has to come forward and pays for the loans guaranteed by the government.

BUSINESS IN BRIEF 19/12

Not all steelmakers in trouble; Big struggle ahead to get local SMEs back on their feet; HCM City exports to top US$30 billion; Businesses pessimistic about 2013 economic prospects; Phu Quoc International Airport inaugurated

BUSINESS IN BRIEF 16/12

More than $40 million to be spent on stabilising prices for Tet; Vinatex to sell non-core operations; Bar set higher for bank branches; Experts call for debt market; Two online trading companies shut operations

BUSINESS IN BRIEF 14/12

Vietnam, Mongolia recognise market economy status; Small businesses face distribution problems in HCMC; Economists outline Vietnam’s economy for 2013; Real estate market set to bottom out next year

BUSINESS IN BRIEF 9/12

VN has around 140 million phone subscribers; Awards honour best resorts; Vietnam Electricity to increase rates in 2013; Pyramid scheme firms grind to a halt; Remittances to turn heads

BUSINESS IN BRIEF 1/12

Road planning revised down due to capital shortage; Tough to convert commercial condos into low-cost homes; Increased credit targets not easy to obtain; Technology transaction floors quiet; New challenges for Long Xuyen Quadrangle

BUSINESS IN BRIEF 27/11

Economic crisis hits 60% of SMEs; Transport companies rail at road fee; HCM City strengthens focus on hi-tech agriculture; Power firm shakeup ticked; Reclaimed Mekong land is top producer

BUSINESS IN BRIEF 26/11

Spain cuts funding for Metro Line No. 5; HCM City yet to start tunnel toll collection; Exports hit over US$104 billion in 11 months; Over US$12 billion in FDI; November CPI rises 0.47 percent; Trade surplus worth US$64 million

Pollution chases, besieges, kills aquaculture

The aquaculture has been threatened by the uncontrollable industrial production development which has caused serious pollution everywhere.