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Historic banyan tree in Tan Trao revived

 The famous banyan tree, Tan Trao, a symbol of Vietnam’s independent struggle against France, has rehabilitated after a seven-year joint effort in the northern province of Tuyen Quang.

Local fashion firms fear mid-tier foreign brands

VietNamNet Bridge – Though experiencing an annual two-digit growth rate for years, some of Vietnam’s longstanding fashion companies fear that more mid-tier foreign fashion brands will enter the market after the Trans Pacific Partnership takes effect.

Hanoi restores 82 doctoral steles at Temple of Literature

 Hanoi authorities are restoring 82 stone tablets recording the royal examinations held under the Le-Mac dynasties (1442-1779) placed at Van Mieu (the Temple of Literature) and Quoc Tu Giam (Vietnam’s first national university).

Boeing supports Vietnam’s goal of direct US flights

 The Civil Aviation Authority of Vietnam (CAAV) and Boeing has signed a Memorandum of Collaboration in support of Vietnam receiving category 1 approval by the United States Federal Aviation Administration (FAA).

VASCO takes over three Vietnam Airlines domestic routes

 The Vietnam Air Services Company (VASCO) replaced the national flag carrier Vietnam Airlines to offer flights on three domestic air routes beginning January 26.

Japan promotes Tokyo tourism in Hanoi

 A programme to promote attractive destinations in Tokyo was held in Hanoi on January 26 as part of Japan’s efforts to attract more Vietnamese tourists to its capital.

Efforts made to preserve biodiversity in Cat Ba National Park

 Cat Ba National Park in the northern port city of Hai Phong has been a safe haven for thousands of creatures, including many rare animals.

Vietnam rapidly urbanising: World Bank

 Vietnam is rapidly urbanising, both spatially and demographically; despite a large amount of urban expansion, its cities are becoming denser, said a report released by the World Bank (WB) on January 26.

Vietnam imported US$2 billion in medication in 2014

 Vietnam imported medicines worth US$2 billion last year, reflecting a year-on-year increase of 8.3%, chinhphu.vn website reports.

FDI hit US$663 million in January

 By January 20, foreign businesses had invested US$392.18 million in 44 new projects and US$271.26 million in 19 existed ones, a year-on-year increase of 67.1%.

Vietnam, US aim for 20 more successful years in bilateral ties

 A bilateral conference on Vietnam-US relationship opened in Hanoi on January 26 on the theme: For 20 more successful years.

Deputy PM asks for UK’s assistance in education

 Deputy Prime Minister Vu Duc Dam asked for the UK’s support in improving Vietnam’s education system during a reception for Lord David Terence Puttnam, special envoy of the UK Prime Minister in Hanoi on January 26.

Challenges await banks this year

 VietNamNet Bridge – Bankers said 2015 will remain a challenging year though some banks have reported higher earnings and there have been more positive signs in the local economy.

‘Slow loris' village provides a vacation from fast-paced life

VietNamNet Bridge – The picturesque sight of houses amidst a valley of flowers sent me into an ecstasy of delight when I visited Cu Lan Village.

Villa development project in Ha Long Bay opposed by architects

VietNamNet Bridge – Architects and environmentalists have expressed their strong opposition against a project to develop villas and a golf course in the Ha Long Bay Natural Heritage area.

Vietnam’s enterprises not yet ready for int’l integration

 VietNamNet Bridge – While many businesses are struggling with the question "to be or not to be", enormously important and volatile changes are soon to affect the economy of Vietnam.

Legal Advice: Details on the authority to approve investment projects

VietNamNet Bridge - Enterprises that want to invest in Vietnam need information about which projects must be approved by the Prime Minister and which investment certificates must be issued by competent authorities.  

Vietnam strives for 4-in-1 biosphere reserves

The outstanding characteristic of biosphere reserves in Vietnam is the 4-in-1 model: protection of the environment, development of local economies, advancement of scientific research, and adaptation to climate change.

Social News 27/1

Students respond to blood donation campaign; HCM City collects 3,465 drug addicts; First district and township recognised as new rural areas; Vietnamese, German farmers’ assoc continue joint work; Tet tree planting festival launched in Ninh Binh

BUSINESS IN BRIEF 27/1

 Vung Ang to become nation’s largest thermal power center; VEC plans to increase charter capital; January CPI slides over fuel cost reductions; Motorbike sales continue to fall; Phu Quoc Island strives to attract more foreigners