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Social News 28/12

 Stronger cut of State workers needed to improve performance: Deputy PM, PM directs specific mechanism for Long Thanh int’l airport, First-ever sunflower festival opens in Nghe An

Pac Ngoi, a cultural village in Bac Kan famous for homestay tourism

 Pac Ngoi Village in Nam Mau Commune, Bac Kan province, is one of just a few places where the traditional customs of the Tay minority ethnic group are still practiced.

Bad debts estimated to inch down to 2.8% by end 2016

 Non-performing loans (NPLs) of the banking system by the end of 2016 is estimated to inch down to 2.8 per cent from 2.9 per cent in 2015, according to the National Financial Supervisory Committee.

Vietnam seeks way to produce herbal medicine

VietNamNet Bridge - Hoan Ngoc (Pseuderanthemum) is on a list of 47 medicinal plants subject to priority development announced by the Ministry of Health.

How many subjects are enough for high school students?

VietNamNet Bridge - In developed countries, high school students study four to five subjects, while Vietnamese students have 14.

Vietnam’s pharmacy industry attractive to foreign investors

VietNamNet Bridge - Pharmacy firms are making good profits, with the market expecting a stable growth rate of 10-15 percent.

Scientists alarmed over soil degradation

VietNamNet Bridge - Agricultural land in Vietnam has been overexploited because of inappropriate cultivation methods, scientists say. 

HCMC's eastern areas yet to modernize, become overloaded

 The quick urbanization speed in the eastern part of HCMC has gradually exposed reverses as social and technical infrastructures have run behind the development of new residential areas and population increase, causing severe traffic jam and flooding.

Tax reform and transfer pricing

2016 marked a major watershed regarding transfer pricing in Vietnam and the announcement of a new round of tax reforms by the Ministry of Finance introducing regulatory changes to tackle base erosion profit shifting practices.

Focus of population policy needs to shift

VietNamNet Bridge – Population quality increased remarkably as the infant mortality rate for children aged under five and the fatality rate for mothers reduced, while average life expectancy rate started to rise. 

Low localization could sound death knell for auto industry

 Transnational investor pledges with the Foreign Investment Agency have tapered off in the wake of the demise of the Trans Pacific Partnership (TPP), said speakers at the Vietnam Business Forum.

Regulations on foreign workers in VN

 The Ministry of Labor, Invalids and Social Affairs has issued a circular guiding the implementation of a number of articles of Decree No.11/2016/NĐ-CP detailing a number of articles of the labor code in respect of foreign workers in Viet Nam.

Six inspection teams set up for food safety in Tet holidays

 Head of the Vietnam Food Administration (VFA) under the Ministry of Health Dr. Nguyen Thanh Phong yesterday said that six inspection teams will be set up for food safety in Tet holidays (the Lunar New Year) and festive season 2017.

Three ancient trees recognized as Vietnam heritage tree

 Three hundred- old “thi” (known as diospyros decandra) trees which are located at Tien Chau village, Thang Binh district, Quang Nam province, were recognized as Vietnam heritage tree, yesterday.

ICT industry earns $59.9 billion

 According to the latest report from the Ministry of Information and Communications (MoIC), total revenue in the country’s ICT industry in 2016 is estimated at VND1,337 trillion ($59.9 billion), a year-on-year increase of 9.36 per cent.

Policy banks may benefit from slow disbursement of foreign funds

The government suggested raising the charter capital of two policy banks with the use of foreign funds during the fifth session of the 14th National Assembly (NA) Standing Committee on December 23.

Future IPOs should avoid Vinamilk mistakes, official says

 Systemic problems in auctioning shares of State-owned enterprise (SOE) Vinamilk recently should serve as a lesson for upcoming equitising transactions, a Finance Ministry official says.

Friendly images of US, France presidents, UK Prince in Vietnam

 Let’s review friendly images of US President Barrack Obama, France President François Hollande and Prince William, the Duke of Cambridge during their visits to Vietnam in 2016.

Vietnam among ideal destinations for students

 Vietnam has been named in the ten best places for students by Rough Guides, a popular travel consultant website. 

Vietnamese citizens to enjoy visa–free travel to Uzbekistan

 Vietnamese citizens will enjoy visa-free travel to Uzbekistan from April 1, 2017, said the Vietnam National Administration of Tourism (VNAT).