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The real estate super-projects with licenses revoked in 2010

The real estate sector has been cited as one of the most attractive fields for foreign investors. However, a lot of super-projects have seen their licenses revoked recently because the investors were too slow in implementing their projects.

Vietnamese star in South Korea

VietNamNet Bridge – Ha Hoang Hai Yen, an actress and singer from Hanoi, has become famous in the Korean showbiz for her charming face and confident acting.

IT-telecom industry needs a breakthrough

Vietnam’s IT-telecom sector needs a breakthrough in the time to come to take off. The sector has been developing rapidly, but the development is unsustainable. Vietnam still does not have competitive products in both software and hardware.

2010: the year of online games and clip

VietNamNet Bridge – Reviewing the Internet world in Vietnam this year, online games and clips are highlights.

Largest lantern festival in Hanoi

VietNamNet Bridge – The festival, the largest ever in Hanoi, opened at the West Lake park on December 24.

Vietnam economy affected by Vinashin’s misfortune

Vietnam’s national credit rating degraded. The positions of big banks also degraded in Moody’s or Standard & Poor’s ratings. The plans to issue international bonds of some corporations are affected because of Vinashin scandal.

Specific strategy needed for tourism development

VietNamNet Bridge - Vietnam has received 5 million foreign visitors this year, far surpassing a target of 4.2 million. However, experts say that in a year with a wide range of major events, the country is able to get 6-7 million tourists.

GOVERNMENT IN BRIEF 26/12

Laos grants Freedom Order to Vietnamese Party’s departments; Promoting Vietnam’s image to the world; Laos to preserve Ho Chi Minh Trail; 13 Vietnamese sailors rescued in East Sea; Party delegation visits Hue Archbishop Office

Gifts for Hanoi’s 1000th anniversary worth nearly $500 million

VietNamNet Bridge – Individuals and organizations contributed nearly VND1 trillion ($500 million) to Hanoi’s 1000th anniversary, announced the city authorities on December 25.

Anti-corruption activists honored as patriots

VietNamNet Bridge - Five anti-corruption activists are to be honoured for their contribution in the anti-corruption fight at the National Patriotic Emulation Congress held today.

BUSINESS IN BRIEF 27/12

Bond liquidity gets a boost; Shipping firm beats forecasts; Agricultural product exports top US$19.15 billion in 2010; FDI inflows lower than target, total $18.6 billion; VN-Index slightly restores

Banks fall short of profit targets

VietNamNet Bridge - Scores of local banks have found it hard to achieve 2010 profit targets despite modest ambitions.

New policies to be applied as of January 1, 2011

VietNamNet Bridge – Many new policies that will have significant impacts on the domestic market will be applied as of January 1, 2011.

Mister International 2010 arrives in HCM City

VietNamNet Bridge – Mister International 2010 Ryan Terry from Great Britain is now in Vietnam as a jury member of the first beauty pageant for men in Vietnam – Mister Vietnam 2010.

HCM City seeks investors for transit upgrades

VietNamNet Bridge – HCM City needs to call for investment from diverse sectors instead of relying exclusively on subsidies to improve its bus service and attract more passengers, industry insiders say.

SOCIETY IN BRIEF 27/12

Over VND33 billion raised for poor children; Vietnamese fishing ships take shelter in China’s island; Two Agribank employees arrested in alleged loan scams; Unity houses handed over to the poor in Kon Tum

Da Nang to increase water rates to slow rising demand

VietNamNet Bridge – Da Nang City is set to substantially raise the price of clean water at the beginning of next year, with new costs as high as double the current rates, the municipal administration has said.

Christian group accused of inventing oppression

VietNamNet Bridge – The Ha Noi Christian Fellowship (HCF) has been allegedly organising illegal activities and fabricating stories about the administration's oppression of Protestants.

Construction companies shun eco-friendly unbaked bricks

VietNamNet Bridge – Despite its environmental advantages, non-baked bricks have yet to gain a market in Viet Nam, chairman of the Viet Nam Association for Building Materials Tran Van Huynh says.

Illegal bus depots add to congestion

VietNamNet Bridge – Burgeoning transportation needs have seen a surge in the establishment of illegal bus stations on many HCM City streets of late, worsening an already bad traffic congestion and urban pollution problem.