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Amazon.com wins $1.5 billion tax dispute over IRS

 Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.

BUSINESS IN BRIEF 24/3

 Exhibition on machinery, technology to take place in Hanoi, Blue chips drive VN stocks back up, Seven businesses under Health Ministry go public, HCMC customs tariff collection target for Q1 unobtainable

Will Russian cars sell well in Vietnam?

VietNamNet Bridge - Russian cars have many loyal fans in Vietnam, but many complain that the cars are unaffordable.

Social News 24/3

 Photos of Vietnamese traditional trade villages displayed in Mozambique, Hanoi purchases atmospheric water generators from Israel, Regional conference: contracts signed for ensuring food security

WB pledges $1.8 billion for Vietnam in 2017 assistance

The WB will earmark US$1.8 billion for Viet Nam in the fiscal year of 2017 to support the nation’s poverty reduction, water resource management, agricultural development and urban improvement efforts.

Lee Kuan Yew memoires launched in Vietnamese

 The Vietnamese version of the book The Singapore Story: Memoirs of Lee Kuan Yew  was officially launched at a ceremony in Hanoi yesterday.

Vietnam looks to master satellite technology

 Vietnam sets out a plan to become one of the region’s most advanced countries in satellite technology by producing LOTUSat-2 by 2022.

VN Sustainability Index to be launched in July

 VN Sustainability Index (VNSI) will make debut in July to evaluate the sustainability performance of companies listed in the stock market of Vietnam.

Airlines to increase airfares

 Such airlines as Vietnam Airlines, Viejet Air, and Jetstar Pacific announced to increase airfare from March 15-22.

HCM City to pilot bus-only lanes

 The Management and Operation Center for Public Transport of HCMC will test set up bus-only lanes on Dien Bien Phu and Vo Thi Sau streets in April, said Tran Chi Trung, the center’s director.

Casinos still off-limits to Vietnamese

Vietnamese residents should have been admitted to local casinos from last Wednesday when a three-year pilot scheme took effect. However, casino operators have denied Vietnamese entry due to a lack of guidance.

Danang wants master plan for Son Tra tourism site reviewed

 The Danang Tourism Association has written to the Prime Minister and relevant government agencies proposing reviewing the master plan for developing Son Tra Peninsula in Danang City into a national tourism site by 2025 with a vision towards 2030.

HCM City moves on with Saigon Safari project

The government of HCMC will press on with the long-planned Saigon Safari project in Cu Chi District and develop it into a new tourist attraction.

VN Labor Ministry eyes high-skilled labor export

 The Ministry of Labor, Invalids and Social Affairs is devising a scheme on export of high-skilled workers given the abundant domestic labor force, and thus seeking input from major corporations.

British diplomat draws paintings on Saigon streets

Steph Lysaght, Deputy Head of Mission at the British Embassy in Hanoi, joined local artists in an activity to paint walls and draw paintings along the streets in Saigon with an aim to send a message of environment and wild animal protection.

U20 Vietnam striker featured on FIFA website

 The official FIFA website, fifa.com, has published an article about U-20 Viet Nam team’s striker Tran Thanh, a promising footballer in the upcoming FIFA U-20 World Cup. 

Harvard University expands co-operation with Vietnamese universities

Harvard University President Drew Gilpin Faust yesterday met with leaders of HCM City University of Social Sciences and Humanities (USSH) to extend co-operation between the two schools in the upcoming time.

VN banks struggle to raise capital

Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion.

Shop rentals fall in Hanoi following pavement crackdown

 Rental prices for many shops in Hanoi have started to fall following the city’s fight against pavement encroachment.

Vietnam: A country, not a war: Harvard president

 President of Harvard University, Dr. Drew Gilpin Faust had a speech about the war between Vietnam and the US during a visit to the Ho Chi Minh City University of Social Sciences and Humanities on March 23.