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Skyscraper project on Han River bank cancelled

Skyscraper project on Han River bank cancelled; Deputy PM instructs implementation of many highway projects; Education ministry gives guideline on primary students’ remarks; Hanoi’s traditional medicine street revived

BUSINESS IN BRIEF 11/1

Japan – a tiger economy for labour exports; Thanh Hoa assists projects in Nghi Son EZ; Vietnam’s economy continues recovery trend in 2015; Singapore leads ASEAN investors in Vietnam; HCM City’s property market expected to grow in 2015

MARD divested US$70mln from 72 businesses in 2014

 The Ministry of Agriculture and Rural Development divested more than VND1,500 billion (US$70.58 million) from 72 agricultural enterprises by the end of 2014, baotintuc.vn reported on January 8.

Vingroup Chair’s family still the richest in Vietnam in 2014

 VietNamNet Bridge – The boss of Vingroup Mr. Pham Nhat Vuong, his wife and his brothers and sisters still held the position of the richest family in Vietnam in 2014 with stock value of up to $1.24 billion.

Volunteers build eco-playgrounds

 VietNamNet Bridge – A group of children play cheerfully at the Red River middle bank in Ha Noi. Their laughter resounds among the immense maize and banana crops.

Footballers miss opportunity to play internationally

VietNamNet Bridge – The outstanding play of 27-year-old winger Pham Thanh Luong at 2014 AFF Suzuki Cup caught the eye of Korean football club Anyang FC but Hanoi T&T reported about the enquiry from the Korean

Medicine street keeps tradition alive

 VietNamNet Bridge – The scent of herbal medicine pervading from shops and houses reminds people that they are crossing Lan Ong Street, so there is no need to look for the signboard indicating the street's name.

Inflation down to all-time record, lower than GDP growth rate

VietNamNet Bridge – The consumer price index (CPI) increase in 2014 was lower than the gross domestic product (GDP) growth rate in the year.

Hanoi’s most beautiful flower garden

 The picturesque flower garden near Nhat Chieu street and the West Lake water park is ideal for those looking for a photo op amid an abundance of bright colours and wonderful scents.

E-waste poses risk to Vietnam’s environment

 The exponential growth of the information technology industry in recent years is posing a significant risk to the environment, as the disposal of electrical and electronic equipment waste rapidly expands.

Group arrested for sale of illegal mobile spyware

 VietNamNet Bridge – The Ha Noi Investigation Police on Wednesday requested the Supreme People's Procuracy to prosecute seven people from a private firm who sold illegal spyware.

Cash-strapped student-inventors seek scholarships to fund research

PIV-VK is the team name of three students from Da Nang University of Technology, who have become famous after winning major prizes at national student technology innovation competitions.

Nearly 47million USD divested from non-core EVN firms

VietNamNet Bridge – The Electricity of Vietnam (EVN) successfully divested almost 1 trillion VND (46.7 million USD) from non-core businesses in 2014,

Volleyballers set for SEA Games

VietNamNet Bridge – The 25-member national men's and women's volleyball teams will be summoned on Saturday in preparation for the 28th Southeast Asian (SEA) Games.

Vietnamese community in London preserve the mother tongue

VietNamNet Bridge – Overseas Vietnamese (OVs) in London have struggled to retain their mother tongue as their children and grandchildren attend English speaking schools— but one school is redressing the imbalance.

Cultural week offers a taste of Haiti

 VietNamNet Bridge – Haiti's art, culture, lifestyle and tourism will be introduced for the first time in Viet Nam during the Cultural Week of Haiti that will run from January 12-15.

SBV unexpectedly devalues dong by 1%, businesses remain calm

The State Bank of Vietnam (SBV) unexpectedly devalued the dong by one percent starting on January 7, 2015. It will now have the right to devalue the dong again by only one percent within the year.

Ship model test basin left idle

VietNamNet Bridge – The Maritime University has landed itself in an embarrassing situation as it has to receive a ship model test basin from the Ministry of Transport.

New rules discourage tourist arrivals by sea

 Travel companies in Vietnam are complaining cumbersome procedures under the new exit and entry regulation are causing difficulties for ship tours.

VN economy in 2014: gains and losses

VietNamNet Bridge – Policymakers and leading economists all have expressed their optimism about the economic performance in 2014, though they noted that some structural problems have not been settled.