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BUSINESS IN BRIEF 12/12

Experts suggest gold, bank deposits as viable channels; VALC inks US$184-million deal to buy aircraft engines; Vietnam overseas remittances up 26 pct; Gold recovers as low prices boost demand; Russian group gets down to business

SOCIETY IN BRIEF 12/12

Fifth-grade students hospitalized for pesticide poisoning; Tourism firm fined $15,400 for illegal constructions; Female cop investigated in deadly traffic accident; Russia closes market, lays off 400 Vietnamese

Vietnam's banks urged to go hi-tech

Vietnam's banking sector will have to develop more useful and modern services to meet future challenges, and the application of information technology and security systems will play a more important role in the future, experts said.

Vietnam hikes rice prices as Indonesia buys more

VietNamNet Bridge - Vietnam raised its rice export floor prices by nearly 14 percent, partly to meet possible demand from Indonesia, which more than doubled its grain imports and is seeking more to replenish stocks.

Harmful waste treatment fees flying in HCM City

The average cost to treat harmful waste has skyrocketed up to VND40 million (US$2,000) a ton from only VND1.3 million in 2007. With such booming prices, businesses have to draw up contracts with waste treatment companies.

Shopping time for Hanoi’s home buyers, brokers say

VietNamNet Bridge - Despite the bearish real estate market in Hanoi, many brokers recommended that it was the good time to buy a house for living.  

Is youth’s lifestyle bad?

VietNamNet Bridge – There have been many reports in the local medion odd activities cruel behaviourof to the youth. What is happening with the lifestyle and personality  young people?

Vietnamese phones dominate domestic market

VietNamNet Bridge - It is easy to own a mobile phone that is made in Vietnam these days, as phones with Vietnamese trademarks such as ABTel, Viettel, Hanel or FPT are available in many shops in Hanoi.

HCM City plans to build first Vietnamese chip maker

VietNamNet Bridge - An electronics factory in Ho Chi Minh City. The establishment of a chip production plant is expected to help promote the country’s hi-tech sector.

Foreign direct investors return to the real estate market

Though the global real estate market cooled down after the economic crisis, international real estate developers have still been pouring their capital into Vietnam.

Women who seek happiness in darkness

VietNamNet’s Quynh Anh and Van Anh discovered the deep world of blind women.

U.S.-Vietnam trade nears US$18 billion

Vietnam is becoming an increasingly important trading partner of the United States in Southeast Asia given their strong bilateral trade expansion, which the AmCham Vietnam in HCM City puts at nearly US$18 billion for this year.

Theft is latest threat to Vietnam coffee industry

VietNamNet Bridge - Coffee theft has been added to steep borrowing costs and unstable exchange rates as a threat to Vietnam's coffee sector and cited as a key factor supporting domestic and global prices, industry players said on Thursday.

Month of discounts for HCMC visitors

VietNamNet Bridge - The hub of Vietnam’s tourism, HCMC, will launch a month-long promotion for visitors to the city with attractive discounts from December 15 to January 15.

Environmental changes challenge Vietnam government

VietNamNet Bridge - About a year ago some farmers from Binh Thanh commune in Vietnam's southern rice growing heartland suspected the worst -- that their irrigation water had become too salty.

ART & ENTERTAINMENT IN BRIEF 11/12

“I am a real man” exhibition in Hanoi; Figure painting show at Himiko Cafe; Children's literature contest launched; HCMC hosts exhibition of Vietnamese paintings; Da Nang to offer on-board fireworks viewing service

Investment abroad faces risks

Domestic businesses, mostly State-owned companies investing billions of USD to abroad be not one bright spot even faces many risks on the current landscape.

Dalat’s Hung King Temples

VietNamNet Bridge - Ten kilometers from Dalat City on the road to HCMC is the beautiful Prenn Waterfall and a temple site to commemorate the Hung Kings.

Fishy in Phu Quoc

VietNamNet Bridge - Goi ca trich (herring salad) served at Tieu Ngu Restaurant in Ho Chi Minh City. The dish can be found on the menu of every seaside shack and luxury restaurants in Phu Quoc.

Hanoi in the mood for Christmas

VietNamNet Bridge – Christmas is coming to the capital city. People are busy purchasing decorations for their houses. Many offices and shops have been decorated with pine trees and Santa Clauses for a week.