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BUSINESS IN BRIEF 4/12

Copycat products remain unbeatable; Tra fish exports to hit US$1.6 billion; VNPT seeks partners in Myanmar; FPT Group joins World Economic Forum; Petrol prices remain unchanged; Vietnam Airlines offering discount on e-payment of tickets  

Air fares to rise on longer domestic routes

Ministry of Transport said that related agencies have agreed to propose to the government to raise one-way airfares for long domestic routes to a limit of VND5 million (US$250), to cover heavy operational costs. 

Blind children to spread Christmas cheer in Ha Noi

Blind children from Viet Nam and abroad will bring Christmas cheer to audiences in Ha Noi on Friday, Dec 2, by singing Christmas songs and traditional Vietnamese music on the occasion of Handicapped People's Day.

BIDV reveals initial public offering plan

The Bank for Investment and Development of Viet Nam (BIDV), the nation's second largest bank in terms of total assets, officially announced its initial public offering (IPO) which is scheduled to launch on December 28th.

Businesses cry for lower ceiling of spending on marketing and ads

Businesses complain that the currently applied ceiling of the spending on marketing and advertisement has become “out of date,” which makes it impossible to run marketing campaigns to introduce new products to consumers.

Remove unnecessary restrictions: EuroCham

The European Chamber of Commerce in Vietnam (EuroCham) has insisted all unnecessary restrictions to investment and trade to be removed, and to support the business community to cope with challenges in 2012.

Gearing up for Hue Festival 2012

In preparation for the 2012 National Tourism Year, the Hue Festival will open on April 7 next year.

The doors for wooden furniture exports to open widely once FLEGT is settled

Vietnam and the EU have entered the final negotiation stage, so that the granting of FLEGT certificate in accordance with the EU’s rules to Vietnamese exporters may be started prior to March 3, 2013, the time when FLEGT takes valid.

Foreign models in Vietnam (Part 1)

Vietnam’s fashion industry is integrating into the world. Many foreign models have developed their career in Vietnam. VietNamNet would like to portray some of them.

Universities encroach on vocational school’s “territory”

VietNamNet Bridge – There are 44 vocational schools in HCM City. But there are up to 50 universities allowed to enroll students for their vocational training system. The universities have been “encroaching on vocational schools’ territory”.

Vietnam convenes with neighbours on dam project in Laos

Officials from Cambodia, Laos, Thailand and Vietnam will discuss the controversial Xayaburi dam in Mekong River next week.

Danish crown prince attends race of solar-energy vehicles

VietNamNet Bridge - Prince Frederik André Henrik Christian waved flag in the final game of the race for solar-energy vehicles in HCM City on December 1.

PM urges efforts to fulfil socio-economic goals

Prime Minister Nguyen Tan Dung has asked ministries and localities nationwide to show determination to fulfil the country’s socio-economic development goals in 2011.

U.S. Senate OKs sanctions on Iranian central bank

The U.S. Senate Thursday unanimously approved tougher economic sanctions on Iran, vowing to penalize foreign financial institutions that do business with Iran's central bank.

Da Lat atomic reactor changes fuel

VietNamNet Bridge – The fuel of the atomic reactor at the Atomic Research Institute in Da Lat has been replaced by low-enriched uranium, confirming Vietnam’s commitment to use nuclear energy for peace.

Expelled British ambassador accuses Iran of supporting embassy storming

British ambassador to Iran Dominick Chilcott on Friday accused the Iranian government of supporting Tuesday's storming of British embassy compounds in Tehran by Iranian students.

A voyage to relaxation

VietNamNet Bridge – A visit to Hue would not be complete without a boat excursion on the gentle Huong (Perfume) River, exploring life beside its banks amidst the romance of the ancient royal capital city.

FDI capital flow to Vietnam’s real estate gets stuck

The foreign direct investment (FDI) into the real estate sector has been decreasing recently. Meanwhile, it is now the time when real estate developers need foreign capital most.

Italy adds new HIV infection every 3 hours

Italy has a new HIV infection every three hours on average, the national department of health said in a statement during the World AIDS Day commemoration Thursday.

BUSINESS IN BRIEF 3/12

Vietnam fulfils import, export targets; Vietnam Airlines receives Airbus A330; Agricultural trade surplus at US$8.2bi; WB managing director to visit Vietnam; Banks told to boost anti-corruption fight; State-owned outbound investment tightened