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BUSINESS IN BRIEF 4/11

 Thai firm values long-term support from Vietnamese Government, S&P upgrades Vingroup credit outlook, $50 million Malaysian telecom acquisition on ice, HoREA backs tax on second-home owners

Inflammables, explosives endanger waste collectors

Inflammable and explosive materials found in households that earn their living through rubbish collection in Hanoi's Thanh Tri District is endangering the safety of residents.

F9 event: Ly Hoang Nam wins singles and doubles matches

 Ly Hoang Nam met no challenge in both the singles and doubles events at the Vietnam Men’s Futures F9 tennis tournament in Binh Duong Province.

Fiard to coach HCM City FC at V.League

 HCM City FC have welcomed new head coach Alain Fiard’s strong support as they prepare for their V.League comeback.

14-year-old player receives support to develop chess talent

 Young master Nguyen Anh Khoi received a strong push on November 3, with the announcement of a US$66,400 sponsorship to support his training in chess.

Vietnam's 10-month export turnover hits $144 billion

 Vietnam’s export value in the first ten months reached 144.1 billion USD, up 7.2 percent from the same period last year, according to the Ministry of Industry and Trade (MoIT). 

Vinh Long: Ancient trees receive historical relic status

 Ancient trees and clumps of trees in the Mekong Delta province of Vinh Long were recognised as cultural and historical relic trees by the Vietnam Ornamental Creatures Association. 

Binh Duong detects second Zika-infected case

 The Department of Health of the southern province of Binh Duong on November 3 reported the second Zika infected case in the locality. 

Vietnam to pilot electronic visa in 2017

 Vietnam will pilot granting electronic visas for foreign tourists in 2017 and 2018, announced the Vietnam National Administration of Tourism(VNAT) at a press conference in Hanoi on November 4. 

Quang Ninh to host major tourism events VN

 The northern province of Quang Ninh will host the 2018 National Tourism Year and the ASEAN Tourism Forum in 2019, with the events expected to boost local tourism.

VN's representative vows to actively contribute to ILC

 The election of Vietnamese Ambassador to Kuwait Nguyen Hong Thao to the UN International Law Commission demonstrates the increasing position of Vietnam in the global arena and the country’s active contributions to the international community.

Deputies talk measures to ensure sustainable development

 Avoiding wasted investments, speeding up administrative reforms and improving social conditions are needed for sustained development, National Assembly deputies said on November 3 at a session devoted to socio-economic progress.

State visit reflects Ireland’s prioritisation of cooperation with VN

 The upcoming State visit to Vietnam by Irish President Michael D. Higgins shows that Ireland prioritises cooperation with the Southeast Asian nation, Minister for Foreign Affairs and Trade Charles Flanagan said.

Vietnamese parents overindulge their children: educators

VietNamNet Bridge - The common error that most Vietnamese parents commit is that they overindulge children, thus bringing them up to be dependent people lacking in creativity, according to educators.

97 percent of lakes in Hanoi are polluted

VietNamNet Bridge - The majority of the lakes in Hanoi have become polluted as they are managed with the attitude that ‘everybody’s business is nobody’s business’.

Social News 4/11

Specific policies expected to boost Da Nang’s growth, French film “Indochine” re-screened in Vietnam, HCMC sets up six inspection teams for Zika virus disease, HCM City confiscates illegally-imported guns

3G download speed in Vietnam averages 7.8Mbps

 VietNamNet Bridge – The Department of Telecommunications under the Ministry of Information and Telecommunications on November 1 announced the results of its actual test of 3G speed in Vietnam.

Men risk their lives to salvage wood in flood waters

 VietNamNet Bridge – Ignoring the local government’s warnings, many people in Huong Khe, Ha Tinh province waded intoa river to collect wood that had been swept away by flood waters.

"Many people have too much unused property": tax dilemma

Real estate is the most easily taxed and transparent asset because no one can hide or put it in a safe box. To apply this tax, it requires management coordination between the tax authorities, the land registration agency and local authorities.

Eximbank has highest NPL ratio

Eximbank had the highest non-performing loan (NPL) ratio in the January-September period of 2016, but BIDV took the lead for absolute value with more than VND13 trillion ($580 million). The NPL ratio in the entire banking system was 5.84%.