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BUSINESS IN BRIEF 20/8

Vietnam HR moving forward, Imports of raw cashew nuts jump high, Vinamilk’s success down to understanding of consumers: CEO, Thai and Chinese firms steal Vietnamese brands to export to US, EU, Kido forays into dumpling market

Culture can become Vietnam's soft power

 VietNamNet Bridge – The culture industry is not only a money-spinner for a country, but is possibly a major sector that boosts the economy.

HCM City official lambasts traffic law enforcement

 VietNamNet Bridge – The chairman of HCM City People’s Committee has asked all city districts to strengthen enforcement of traffic laws as the number of accidents and fatalities rose dramatically in the first seven months of the year.

Instant-coffee makers experiencing tough days

VietNamNet Bridge - Trung Nguyen coffee giant and Vinacafe, a big instant-coffee maker, are facing business difficulties after reporting losses. 

ZO Project – Creating new values on the traditional paper

 VietNamNet Bridge – Do paper, widely known as the material of the famous Dong Ho folk paintings, has been given new vitality thanks to an art project named “Zo”.

Vinci Concessions to invest in expressways

 Vinci Concessions, a French-based leading global group in infrastructure construction, will invest in Vietnam’s expressway network through cooperating with the Vietnam Expressway Corporation (VEC).

Plank by painstaking plank, Ngoc Chien villagers build their homes

VietNamNet Bridge – Son La Province is about 200km from Ha Noi to the northeast, at an altitude of over 1,800m above sea level. The province is famous for quite a few landscapes such as Moc Chau Plateau, Dai Yem Waterfall

Expats share passion for skateboarding with VN kids

 VietNamNet Bridge – Skate boarding has been developing among Vietnamese youth in big cities, partly due to a group of young men from South Africa that has been active in motivating the trend.

Data on forests to be collected

 VietNamNet Bridge – Data on forests will be collected by an electronic information system for decision making to design a strategy for forest development.

Thai ‘borrow’ Vietnamese brands, raising concerns among manufacturers

VietNamNet Bridge - Experts have warned that as Vietnam is now part of the ASEAN Economic Community (AEC), it faces a higher risk of local brands being stolen.

Changes in pipeline for student assessments

VietNamNet Bridge – Phung Xuan Nha, Minister of Education and Training, spoke to the newspaper Thoi bao Kinh te on the two important points of the Circular that are to stimulate teachers while being able to measure students’ progress.

Independent anti-corruption body should be set up

 Former Deputy Chief Justice of the Supreme People's Court of Vietnam Lieutenant-general Tran Van Do said that an independent anti-corruption agency should be set up to deal with the increasingly complicated corruption in Vietnam.

VN joining 4th industrial revolution

 Viet Nam must build a creative and sustainable eco-system for the Internet of Things (IoT) in order to take part in the international IoT supply chain and achieve a turnover of US$10 billion by 2020, a technology insider has said.

Nghi Son refinery might prove costly endeavour to investor and state

The newest report released by the Ministry of Finance shows that the Nghi Son refinery and petrochemical complex’s 2017 start of operation will dent a hole in both investor PetroVietnam’s finances and the state budget.

Village opens traditional farming museum

 A museum that displays farming tools and lies beside the famed Thanh Toan roof-tiled bridge in Huong Thuy district, central Thua Thien-Hue province, has received over 24,000 visitors over the past six months. 

Police culture must oppose brutality against people

 VietNamNet Bridge – The main job of the police is to prevent crime and investigate criminals. That’s the expectation worldwide that even a six year-old child can tell.

Compensation agreed for locals

The National Assembly Standing Committee on Aug 16agreed with the Government’s proposal to use VND77 billion (US$3.5 million) to pay compensation for local residents who were impacted by the Ta Trach Hydro Power Reservoir Project.

Food association denies strong rice export forecast reduction

 The Vietnam Food Association (VFA) has denied news reports that the association has cut its rice export forecast to 4.75 million tons for 2016 from 6.5 million tons.

Hundreds of people snatch money on Saigon street

On August 17, hundreds of young people and children in HCM City carried baskets  to catch small change thrown by families and companies after worshipping wandering souls on Ram Thang Bay (15th day of the 7th lunar month).

Vietnam, Indonesia seek closer fisheries cooperation

 Vietnam and Indonesia will set up a hotline to handle emerging incidents at sea as agreed during a visit to Indonesia by Deputy Minister of Agriculture and Rural Development Vu Van Tam.