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BUSINESS IN BRIEF 2/11

 Vietnam attends meetings of Int’l Association of Deposit Insurers, Import-export revenue hit nearly 38 billion USD in October, Mitsubishi recalls over 2,500 cars over failed airbags, Ho Chi Minh City: October’s CPI up 0.63 percent

Social News 2/11

 Photo contest raises awareness of civilized lifestyle, Brandlaureate Awards to be held in VN for first time, Vietnam, RoK share experience in policy communication, Photo exhibition highlights Vietnam-Russia friendship

Vietnam receives strong foreign portfolio investment flow

More than VND33.5 trillion ($1.4 billion) worth of foreign portfolio investment (FPI) in both stocks and bonds were poured into Vietnam in the last three quarters of the year. 

Treating pollution in craft villages high on Hanoi’s list of priorities

At least 100 percent of monitored craft villages have at least three indicators exceeding the permitted levels, while 35 percent of households are not treating treat waste water before discharging it into the environment.

Samsung, Oppo rule mid-tier smartphone market

VietNamNet Bridge - The mid-tier smartphone market segment is dominated by Samsung and Oppo in Vietnam. 

Foreign property lags

 Despite the Law on Housing 2015 which gives greater room to foreigners to own properties in Vietnam, the number of foreigners who have purchased real estate is increasing, but remains modest.

Vietnam back on M&A radar

Strong deal growth seen during first three quarters in Vietnam and Southeast Asia, according to Mergermarket.

Physical education viewed as unimportant by students

VietNamNet Bridge - The majority of Vietnamese students say they are not enthusiastic about the physical education lessons at school because of poor facilities and boring practice.

Cory Tran’s latest collection puts models in maritime vogue

Taking inspiration from oceanic themes, designers Cory Tran and Valentines Van Nguyen’s latest collection has been impressing everyone on the first day of Vietnam International Fashion Week Fall/Winter 2017 on October 31.

Nature a timeless muse for wood sculptor

At 81, Japanese sculptor Katsumi Mukai shows no signs of stopping, continuing to work on big tree trunks to create giant sculptures. Viet Nam’s beautiful landscapes are an endless inspiration, he says. 

Vietnam Railways to pilot automated ticketing

Hanoi, HCMC, and Da Nang stations to trial automated ticket gates from this month.

APEC ‘a golden chance’ for Da Nang firms

The 2017 APEC Summit is a crucial opportunity for businesses throughout central Viet Nam to seek trade partners and export markets as representatives of foreign firms flock to the business forums at APEC from November 5-11.

Month-long activities to be held at Vietnam National Village for Ethnic Culture and Tourism

 A variety of cultural activities will be organised at the Vietnam National Village for Ethnic Culture and Tourism, in Son Tay district on the outskirts of Hanoi, throughout this November.

Target programme for climate change response and green growth approved

 The Prime Minister has approved the National Target Programme for Climate Change Response and Green Growth for the 2016-2020 period.

Maximum of 900 guests allowed to visit Son Doong in 2018

 Oxalis tour operator, the only travel company allowed to organise tours to the well-known Son Doong Cave officially opened its ticket sales to explore the world’s largest cave for 2018, with a route of four days and three nights.

Starting price for Vinamilk sale at $6.6 apiece

State Capital Investment Corporation nominates starting price for November 10 sale.

Lawmakers call for shake-up of FDI incentives

 NA delegates express concern that incentives provided to foreign investors result in local enterprises being squeezed out.

Youths celebrate Halloween in HCM City

Thousands of the youthful generation flocked to Bui Vien and De Tham Streets in District 1, Ho Chi Minh City for a Halloween celebration on October 30.

APEC guests to enjoy free admission to Da Nang’s attractions

 All tourist destinations in Da Nang will offer free admission to delegates attending the APEC Economic Leaders’ Week 2017.

Vung Tau launches green bus tours

 The Green Transport Company Limited officially opened a new bus tour on October 31 in the southern province of Ba Ria Vung Tau to meet travel demands.