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BUSINESS IN BRIEF 11/2

Transport ministry to restructure five large corporations, Delta region’economic growth slows down, Local giants offer to fund Hanoi metro line studies, Moody’s positive about bad debt settlement in local banks

What can $3.05 billion worth of FDI bring to Vietnam?

Real estate ranked third among business fields which received the most FDI (foreign direct investment) capital in 2017, with $3.05 billion committed, accounting for 8.5 percent of total registered FDI capital.

Mekong Delta students recycle waste mud to potting soil

 VietNamNet Bridge – Potting soil made from wastewater, a project initiated by two college students, offers a comprehensive solution to protect the environment and create economic value in the Mekong Delta.

Tet speciality products fly off shelves in HCM City

 Shops in HCM City selling speciality items for Tết (Lunar New Year) have entered their peak sales period.

Domestic telecom providers face new challenges

 The number of mobile phone subscriptions nationwide stood at about 127 million at the end of 2017, down 2.1 percent year-on-year. 

Adding canine colour to the canvas

 VietNamNet Bridge – Artist Bui Hoang Duong, 37, from an ethnic Muong group in the central province of Thanh Hoa, has a special affection for dogs, particularly those he had raised and lived with.

Pre-made food lessens Tet’s burden on women

 VietNamNet Bridge – For most Vietnamese people, the Tet (Lunar New Year) Festival symbolises the beginning of a new year and the accompanying hopes for a happy life.

Local banks’ revenues grow on increasing retail, services

 Local banks have reported their revenues last year, mainly from retail banking activities and services, and the trend will continue this year, according to Dau Tu Chung Khoan newspaper.

Hanoi streets brightly decorated to welcome Tet

Many streets around the capital city of Hanoi have been colourfully decorated with flower displays and decorative signage to welcome the Lunar New Year Festival.

Trang An complex opens new waterway for tourists

 On February 10, Xuan Truong Construction Company opened the third waterway for operation at Trang An eco-tourism site to serve tourists visiting the Trang An Scenic Landscape complex.

South Korean firm leaves 2,000 workers out of pocket for Tet

 Nearly two thousand workers at a South Korean company in the southern province of Dong Nai have gone on strike to ask for salaries while the company's leaders had left the country. 

Soul prayer ritual of the Thai

 The Thai in Vietnam’s northwestern region pray for the souls of sick people, new born babies, people traveling far from home, and new daughters-in-law to wish them good health, safety, and happiness. 

Workers busy to make dog-shaped savings containers

Many ceramic workshops in the southern province of Binh Duong have focused on producing dog-shaped savings containers to welcome the Lunar Year of the Dog. 

Mobile service providers ready for Tet rush

 Leading mobile phone service providers Viettel and MobiFone have said they are ready to cope with the expected rush during the Lunar New Year.

Banks battle Tet ATM overload

 As demand for cash withdrawals at ATMs doubles or triples around the Vietnamese Tet holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes.

VN, India eye greater trade in paper products

 Trade in paper between Viet Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.

Hai Phong slashes investment paperwork

 For two years, Hai Phong Chamber of Commerce, Investment and Tourism has played a key part in making the northern port city one of the most attractive destinations in the country.

Hanoi faces water shortage for spring crop

 After two periods of pumping water, Hà Nội by Thursday afternoon had water for only 63.2 per cent of rice fields, lower than expected, according to the Hà Nội Department of Agriculture and Rural Development (DARD).

Dung gets chance to shine for FLC Thanh Hoa

 Bui Tien Dung, who shot to fame following Việt Nam U23 team’s silver medal at the AFC last month, will be the No 1 goalkeeper for FLC Thanh Hoa.

Traditional calligraphy markets welcome Tet

 Calligraphy markets have begun sales 10 days before Tết (Lunar New Year), the traditional time for opening of the markets.