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No banking crisis in Vietnam, cbanker says

Vietnam is not experiencing a banking crisis, despite a quick increase in non-performing loans recently and plans to restructure the troubled sector, the central bank governor, Nguyen Van Binh, said on Thursday.

HCM City’s major projects to be kicked off in 2012

VietNamNet Bridge – This year HCM City will need nearly VND47 trillion ($2.3 billion) to implement key projects, such as the urban rail route No. 1, the Saigon 2 bridge, ten bridges on Provincial Road 9, etc.

Ca Mau crewmembers to be tried in Thailand

Ten Vietnamese crewmembers who are in the custody of Thai authorities after their ship sank due to a collision with a royal Thai Navy boat will be tried for allegedly violating Thailand’s territorial waters, the Vietnamese Foreign Ministry said.

Where to inject money in in 2012?

The year 2012 is believed to be one more difficult year of the national economy. Therefore, where to inject money in proves to be an inextricable question for many investors.

Vietnamese flock abroad on Tet holiday

VietNamNet Bridge – Since domestic tours are getting more and more expensive, Vietnamese travelers now tend to go abroad on Tet holiday.

Football bosses on the stock market

VietNamNet Bridge – It is not the ‘fashion’ but it is no longer unusual for rich men on the Vietnamese stock market to own a football club.

Scientists feel impatient about plan on turning VN into IT power

VietNamNet Bridge – The plan on turning Vietnam into an information technology (IT) power was kicked off last year. However, nothing important has been done so far.

Illegal road fosters illicit logging in Quang Ngai

A five-kilometre long illegal road has been constructed in order to facilitate the destruction of a protected forest in Quang Ngai Province’s Bac Tra My District.

Super League must be aired, Prime Minister says

VietNamNet Bridge – Prime Minister Nguyen Tan Dung asked the Ministry of Culture, Sports and Tourism to rapidly settle the TV right dispute between VFF, AVG Group and VPF to quickly serve football fans of the Super League 2012.

Scientists spot most distant galaxy cluster

Scientists announced the discovery of the most distant galaxy cluster ever seen in the early universe at the annual meeting of the American Astronomical Society held in Austin, Texas.

Universities racing to recruit lecturers

It’s now the time for universities to sprint to look for more lecturers to meet the new requirements of the Ministry of Education and Training (MOET).

Foreign Ministry to focus on citizen protection

Protection of citizens will continue to be one of the important tasks of the Ministry of Foreign Affairs (MoFA) in 2012, said MoFA spokesman Luong Thanh Nghi at the ministry’s regular meeting in Hanoi on Thursday.

Environment protection law leads to higher unemployment?

VietNamNet Bridge – The high tax rate of 40,000 dong per kilo on nylon bags has prompted seafood export processing companies to think of importing bags.

Pilot e-customs clearance for ship at HCM City

VietNamNet Bridge – An advanced electronic customs clearance procedure system has been experimentally implemented for inbound and outbound cargo ships at the HCM City Port from Wednesday,

US companies leading Vietnamese franchise market

A lot of the US brands have appeared on the Vietnamese market recently. Meanwhile, experts believe that the US franchised food chains would be much bigger than now.

HCM City insists on establishing tourist police force

HCMC authorities have urged the city police to launch a hotline connecting to emergency services to gather information about robberies as well as establish a tourist police unit to provide security for tourists.

Casual marijuana smoking causes no long-term damage to lungs: study

Casual marijuana smoking can cause no long-term damage to lungs, according to a new study in Tuesday's Journal of the American Medical Association.

Tet flower market in Saigon

VietNamNet Bridge – Flowers are arranged on the 2km bank and on boats at the flower market along Tau Hu canal in District 8, HCM City.

Maximum administrative fines for individuals proposed at VND1bil.

The National Assembly (NA) Law Committee has proposed applying different maximum administrative fines for individuals and organisations.

BUSINESS IN BRIEF 13/1

Airliners increase flights for Tet; 3 scenarios for Vietnam’s 2012 economic growth; Increasing withdrawal makes banks short of cash; Stiff competition awaits local rice exporters; Motorbike market gloomy as customers tighten spending