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BUSINESS IN BRIEF 31/10

 Bangkok Airways launches direct Thailand-Phu Quoc flight, Start-up universe forms in south-east, but faces teething troubles, Over 11,000 businesses established in October, Dak Lak's Coffee export turnover surges $ 88 million

More solar energy projects registered after PM decision

VietNamNet Bridge - Investors have registered solar energy projects in a rush following PM’s Decision No 11 on encouraging investments in solar energy.

Public debt rising rapidly as number of civil servants remains high

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

Social News 31/10

RADCC project brings clean water to 6,500 Ben Tre households, More pork traders adhere to city’s traceability program, Logo contest launched to celebrate 45 years of Vietnam - Belgium relations

Female physicist returns from Germany to work at institute

After five years of working at a German research center, Nguyen Thi Minh Hoa who has a PhD has returned to Vietnam to work for the Advanced Institute for Science & Technology, an arm of the prestigious Hanoi University of Science & Technology.

Binh Thuan titanium exploitation projects pose threat to environment

Binh Thuan provincial authorities have been wavering between choosing titanium mining, which brings high profits but seriously damages the environment, and ecotourism projects, which ensure sustainable growth but need a green environment.

Young talent sows joy on nationwide trip

VietNamNet Bridge – In September, a group of  16 young and talented artists and students began a journey across the nation to bring art closer to different community groups through a project titled Gieo (Sowing). 

Climate change exposes HCMC to extreme weather

 Extreme weather, especially abnormally heavy rain, has been increasingly frequent in HCMC this year as a result of climate change, according to the HCMC Steering Center of the Urban Flood Control Program (SCFC).

Lacking control

The development of condotels around Vietnam has occurred absent a dedicated legal framework.

FPT University intends to accept bitcoin despite SBV’s ban

 FPT University has hinted at a plan to allow students to pay tuition fees by bitcoin although this virtual currency has not been recognized as legal in Vietnam.

Telcos complain about unreasonable telecom charges

 Enterprises providing telecommunications services and network infrastructure have complained about unreasonable financial obligations.

Khaisilk closes all outlets following trade fraud

 Premier Vietnamese silk brand Khaisilk had closed all of its outlets as of October 27 after it was found selling Chinese-made products labeled “Made in Vietnam,” local media reports.

HCM City launches dental-service tours

 The tourism and dentistry sectors in HCMC last Friday jointly introduced dental-service tours allowing visitors to combine dental care with travel in the city and some other localities such as Mui Ne and Hanoi.

Vietnamese search engine Coc Coc attracts 23 million users

 Coc Coc, or “Knock Knock” in English – a Vietnam-based search engine – has become one of the most popular browsers in Vietnam, with around 23 million users as of August.

HCM City mulls higher tax on speculative property trading

 The HCMC Government has proposed the Ministry of Construction increase the property tax on owners of the second home and land lot that change hands within a year, an apparent move which is aimed at warding off real estate speculation.

Ha Thu takes part in Q&A session at Miss Earth 2017

Vietnamese representative Ha Thu has received a lot of compliments for the way she confidently answered all questions in English without the assistance of translators in the Q&A session at Miss Earth 2017 pageant.

Miss Ocean Vietnam accused of plastic surgery

 The Department of Performing Arts has asked the organisers of the Miss Ocean Vietnam 2017 to report back on accusations that the winner had plastic surgery.

The Quintessence of Tonkin highlighted in art show

 An art show entitled ‘The Quintessence of Tonkin’ will open for audience from early November in Hanoi, with a focus on the rich culture and daily activities of Vietnam’s northern delta.

Nutritionists express concerns about over-consumption of pork

 Many health experts have expressed the concern that eating too much pork may be unhealthy. They also expressed doubts about the quality of pork in Vietnam.

Masan Group postpones VND3 trillion bond issue plan

 Private equity firm Masan Group Corporation (MSN) has announced it will postpone the issue of VND3 trillion (US$132.2 million) nonconvertible bonds, which was initially scheduled for this quarter.