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FIEs ran away, leaving multi-billion dong debts

The General Department of Customs (GDC) has released the warning that foreign invested enterprises (FIEs) have been making the corrupt use of the loopholes in the laws to refuse to pay tax debts and run away.

“Wings in the Air” to go to Cannes Film Fest

VietNamNet Bridge – “Dap canh giua khong trung” (Wings in the Air), the first feature movie by Nguyen Hoang Diep will represent Vietnam at the Cannes Film Festival, though the film is being shot this October.

‘Whistle-blower’ loses his case against Toyota Vietnam

VietNamNet Bridge – Saying that Toyota Vietnam disciplined engineer Le Van Tach because of being “bothered” is legal. The jury dismissed Mr. Tach’s complaint.

Bomb explodes at construction site, injuring two

A group of bridge builders were working at a construction site near the National Highway in Nghi Loc district, Nghe An province when a bomb exploded, blowing away a stake press and injuring two workers on the afternoon of April 10.

BUSINESS IN BRIEF 12/4

Garment, footwear makers to enter US market; Vietnam aims for trade balance by 2020; Experts call for stronger prescription for economy; ADB asked to fund Moc Bai Urban Zone; Seafood processor faces massive debt problem

Da nang announces ticket prices for firework festival

VietNamNet Bridge – The Da nang authorities have released public information about ticket prices and ticket selling addresses for the upcoming international firework festival 2012 in the city.

Facebook, Google must pay Vietnamese taxes: ministry

Viet Nam had the right to levy taxes on all transactions involving sales made in the country, including online advertising services provided by Google and Facebook, said deputy director of the Ministry of Finance's Tax Policy Department.

Earthquake in Indonesia shakes Vietnam’s buildings

VietNamNet Bridge – People who were working on high floors of buildings in Hanoi and HCM City felt shaking from furniture at nearly 4pm this afternoon, April 11.

DPRK's Kim Jong Un elected as first secretary of WPK

Kim Jong Un of the Democratic People's Republic of Korea (DPRK) was elected as first secretary of the Workers' Party of Korea (WPK) at a party conference here Wednesday, official news agency KCNA reported.

Huge quake strikes off Indonesia, tsunami warning issued

An 8.7 magnitude earthquake struck off the coast of Indonesia on Wednesday, sending residents around the region dashing out of their homes and offices in fear.

VN swimmers achieve 8 Paralympic qualifying standards

The Vietnamese national disability swimming squad on Monday concluded their participations at the British International Disability Swimming Championships in Sheffield, bringing home eight tickets to attend the 2012 London Paralympic Games.

Hanoi begins inspection over 100 cab companies

VietNamNet Bridge – The Hanoi Department of Transportation’s inspectors kicked of a large-scale inspection over the city’s taxi firms on April 10, says chief inspector Nguyen Hoang Giap.

One died, one injured by mine left from war

VietNamNet Bridge – A mine exploded on the afternoon of April 9, killing one and injuring another in Tuy Phong district in the central province of Binh Thuan.

Craft villages on the verge of bankruptcy

The Vietnam Craft Village Association has repeatedly warned about the decline of famous craft villages. Some villages stay alive, but cannot sell products due to the market narrowing. Others have shut down their production or laid off workers.

State Bank slashes key interbank interest rates

The State Bank of Viet Nam (SBV) yesterday cut the deposit interest rates by 1 per cent for one-month and longer-term deposits, bringing the rate down to 12 per cent per annum effective from today.

Vietnamese athletes gear up for the Olympics

VietNamNet Bridge – Vietnam’s sports sector is urgently preparing for the 2012 London Olympics, by sending its top athletes to a lot of international sport events.

Seismic observation to be conducted near Song Tranh 2 hydro-power plant

VietNamNet Bridge - The Song Tranh 2 hydropower plant in Quang Nam Province, central Vietnam, is located on an active fault zone, which can cause earthquakes anytime, scientists from the Geo-physics Institute said.

Table-tennis star re-joins the national team

VietNamNet Bridge – Athlete Tran Tuan Quynh returned home on April 10 to get a visa to Hong Kong for the Asian qualifier round of the Olympics 2012.

HCM City to give natural disaster warnings by text messages

VietNamNet Bridge – Many people in HCM City did not know that the city would be hit by the first storm of 2012, Pakhar--so they still were on the road when the storm came.

No cash incentives for Britain's Olympic gold medalists

Britain's gold medalists at the London Olympics will be offered no cash incentive by the British Olympic Association and the UK government, reports said here on Tuesday.