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BUSINESS IN BRIEF 12/1

VN-Index soars to 8-month high; Banking sector's assets climb; UPS launches worldwide express freight in Vietnam; New HCM City system to process investment certificates; Binh Dinh Province set for USD22bn mega oil complex

HCM City adapts to climate change

VietNamNet Bridge – HCM City has devised several solutions to adapt to global warming and achieve green growth and sustainable development by 2020, including a reduction of carbon dioxide emissions by 2 to 3 per cent per year.

Workers value Tet bonuses

 VietNamNet Bridge – The idea of dropping the Tet bonus and improving worker welfare faces strong opposition from employees as the holiday is approaching.

Foreign banks look local for CEOs

 While local banks may prefer a foreign CEO, some foreign banks are now eyeing Vietnamese CEOs.

Late composer's music lights up Hue on rainy afternoons

 VietNamNet Bridge – It rains a lot in Hue during winter. Rain can last for half a month, casting a shadow over Hue, making the view quiet and the people passive.

Teacher surplus leaves graduates looking for jobs

VietNamNet Bridge – Inexperienced university and college graduates looking to be employed as educators have difficulty finding work because the city already has a sufficient amount of teachers,

Photos: Stamp weekend bazaar in the heart of Saigon

 VietNamNet Bridge – This stamp fair is held bi-weekly on the morning of Saturday, from 8 am to 11:30 am, at the Center for Stamp Business II - 18 Dinh Tien Hoang Street, District 1.

Unemployment rate projected to rise in HCM City this year

 VietNamNet Bridge – At least 330,000 people need jobs this year in HCM City, but there will only be about 265,000 job vacancies,

Clubs save cash on younger players

VietNamNet Bridge – Owing to the difficulty in finding sponsors or having limited funding, many clubs have begun recruiting younger players to play in the Toyota V-League 1 to reduce expenses.

Vietnam-RoK trade directs to $70bil.

After concluding negotiations for a bilateral free trade agreement (FTA), Vietnam and RoK set a target of a two-way trade turnover to reach 70 billion dollars by 2020.

Surrogacy procedures allowed in 3 hospitals

Only three hospitals in the country – one each in the north, south and central regions – will be allowed to carry out procedures on surrogate mothers in Viet Nam, Deputy Minister of Health Nguyen Viet Tien has announced.

Cheap foreign goods to flood VN market

VietNamNet Bridge - Thousands of items of goods from Southeast Asian countries are no longer subject to import duties from January 1, 2015, as part of Vietnam’s commitment under the ASEAN Trade in Goods Agreement (ATIGA) from 2015 to 2018.

Famous craft villages worth visiting at Tet

VietNamNet Bridge – By putting traditional craft villages into their tour programs, travel firms want to introduce new products, raise awareness of their conservation and help villagers earn some extra income.  

Vietnam's retail sales climb in 2014

 Vietnam's total value of retail sales for goods and services in 2014 increased approximately by 10.6 percent when compared to last year, according to the General Statistics Office (GSO).

HCM City firms shocked by sudden wharf closure

VietNamNet Bridge – Ten transport and tourism companies operating out of Bach Dang wharf in HCM City's District 1 have expressed shock at a sudden announcement by the Transport Department that the wharf would be closed down on January 15.

Nam to play in Davis Cup matches

 Viet Nam's No 1 tennis player Ly Hoang Nam will be part of the team that will compete in the 2015 Davis Cup Asia/Oceania Zone Group III matches in April.

France to maintain terror alert at highest level in greater Paris

France will maintain its national security alert system Vigipirate at the highest level, which means definite threats, in greater Paris area in northern France, a French security official said on Saturday.

Pre-1975 monuments in HCM City

 VietNamNet Bridge - Many monuments built before the country’s unification in 1975 are located at HCM City’s most important traffic hubs.

Floriculture business flourishes but damages environment

Dozens of households in Phu Dien village of Bac Tu Liem, a district in the suburbs of Hanoi, have got richer with floriculture. However, the profitable career has degraded the environment

Thailand begins impeachment hearing against former PM Yingluck

Thailand’s National Legislature Assembly (NLA) on January 9 began the first hearing of impeachment proceedings against former Prime Minister Yingluck Shinawatra.