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E-commerce or just ads?

In principle, e-commerce is a way of purchasing and selling goods via Internet. . But in Vietnam, they still have to meet face to face to wrap up transactions.

Tax agencies lack wherewithal to scrutinize refund applications

VietNamNet Bridge - Millions of US dollars in value-added tax have been refunded to firms though only 1 percent of their refund applications have been scrutinised, while tax evaders are let off scot-free.

Saigon welcomes Christmas

VietNamNet Bridge – The Christmas atmosphere has covered every corner of the city.

SOCIETY IN BRIEF 16/12

Central region to experience downpour, colder weather; Bank official arrested for wrongdoings; Norway funds bio-security project in Vietnam; Initiative aims to reduce blindness; Cancer-causing agent found in Hanoi chili sauce

Balancing imports-exports remains a difficult task

VietNamNet Bridge – Vietnam is striving to reduce the trade deficit to 14 percent by 2015 and to obtain the payment balance in a few years. However, this proves to be a very difficult task, for many reasons.

Low prices hamper coal resources management

VietNamNet Bridge - In light of Vinacomin’s plan for coal price hikes from early 2011, VIR spoke with deputy minister of Industry and Trade and Vinacomin’s board chairman Le Duong Quang.

Coastal provinces to launch new islands tour

VietNamNet Bridge - The tourism authorities of Quang Nam and Quang Ngai provinces plan to launch a tour combining islands and inland destinations to further build on their reputation as the land of heritage sites.

ART & ENTERTAINMENT IN BRIEF 16/12

Prehistoric artefacts found in Ha Giang; Fabric patterns on display in Hanoi; Artificial snow, the latest Christmas attraction; US poet returns to Vietnam; National library presented with German books

Land fever to recur in 2011?

VietNamNet Bridge – Experts believe that sooner or later a land fever will occurr , , and this should not be seen as a spontaneous phenomenon, but as the result of the lack of appropriate economic regulations.

VietNamNet’s gratefulness to our readers

After three consecutive attacks by hackers, VietNamNet newspaper has quickly resumed its operation thanks to the assistance of our partners, colleagues and the support of millions of readers.

Urban poverty increasing

VietNamNet Bridge – Though the rate of poor households in Vietnam (by Vietnam’s standards) continues to decrease, the rate of poor people in cities, particularly in Hanoi and HCM City, increases, according to a report by Oxfam and ActionAid.

NPLs at foreign institutions rise 60% in Jan-Oct

VietNamNet Bridge - Non-performing loans (NPL) at foreign credit institutions had by end-October jumped 60% year-on-year to VND2.75 trillion despite their prudence, according to a central bank report.

BUSINESS IN BRIEF 15/12

Overseas remittances see impressive rise; Luxury apartment sales in Hanoi to remain in red until first half of 2011; 96 enterprises receive national quality awards; Gold advances on rising demand for wealth protector 

$4 bil tourist complex to break ground in Hoi An

VietNamNet Bridge - Quang Nam Province is set to license a US$4 billion complex to the south of UNESCO heritage city Hoi An after scrapping a similar massive tourism project nearby.

3rd short film festival for students attracts 140 submissions

VietNamNet Bridge – The Golden Bee Awards, the Students’ Short Film Festival, organised from December 13 to 15, attracts short films from over 100 young film makers throughout Vietnam.

Capital is the key for e-commerce

VietNamNet Bridge – There is a fierce competition in Vietnam’s e-commerce market, and experts believe that those enterprises which have long term and profuse capital will be the winners.

2010 – the unlucky year for many Vietnamese businessmen

VietNamNet Bridge – 2010 was an unlucky year for businessmen as heaped up debts, unprofitable business and legal incidents made many of them bankrupt.

SOCIETY IN BRIEF 15/12

Dien Bien completes 20 of 50 planned border markers; Hanoi hosts workshop on blind prevention; $700,000 fine arts teaching agreement signed; President hails role of nation's historians

Price of keo fish recovers after cancer rumour denied

VietNamNet Bridge – Price of keo (mud skipper) fish, a popular Mekong Delta treat, have risen again following a recent rumour that the fish could be harmful to people was confirmed to be baseless.

Hazardous dye found in sauce

VietNamNet Bridge – Cancer-causing Rhodamine B has been found in chilli sauce samples taken from Ha Noi-based Tuan Thanh Investment and Trade Joint Stock Company, the city's Environment Police Department reported on Monday.