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BUSINESS IN BRIEF 7/11

 Fitch upgrades Vietnam’s credit rating on improved macrostability; Word Bank says will fund IT application in agriculture; Bike market gets more hectic; Phan Thiet golf course removed; Sai Gon Hi-tech Park attracts more investment

Park Hyatt Saigon will close for a transform

Park Hyatt Saigon will close for a luxury transform; Indian Jet Airways launches direct flight to HCM City; Foreign arrivals to Vietnam exceed 6.6 million in 10 months; Vietnam Airlines offers promotional program for Tet

Photos: Vietnamese ao dai on catwalk at Paris City Hall

VietNamNet Bridge – Three ao dai collections of the most famous Vietnamese fashion designers - Minh Hanh, Lan Huong and Hung Viet – were introduced at the Paris City Hall on November 3 evening.

Health Ministry demands investigation of Bio-Rad bribery scandal

The Health Minister has requested the police to open an investigation into a case in which a California-based firm allegedly bribed Vietnamese officials. She has also asked for the American Embassy's assistance for the investigation.

China urged to stop illegal activities on Truong Sa

On October 6, a Vietnam Ministry of Foreign Affair representative presented a diplomatic note to the China Embassy in Hanoi, opposing China’s illegal activities on Chu Thap (Stone Cross) of Truong Sa (Spratly) archipelago.

 

Vietnam anticipates trade deficit in 2015

VietNamNet Bridge – After three consecutive years of trade surplus, Viet Nam will likely experience a trade deficit next year, the Ministry of Industry and Trade predicted at a meeting last Monday.

Inflatable baby incubator wins James Dyson Award

 A prototype inflatable incubator for prematurely-born babies has been picked as the international winner of this year's James Dyson Award.

Parents, teachers blame each other for students’ excessive workload

 VietNamNet Bridge – Parents complain that their children have too much homework but teachers say parents demand that their children study hard.

Obama and Republican leader pledge to work together

 The US Senate's new Republican leader and President Barack Obama have both promised to end the political gridlock that has so frustrated American voters.

Vietjet to launch HCM City-Taipei air route on December 12

 VietNamNet Bridge - Vietnam’s fastest growing airline Vietjet today announced the opening of the air route connecting Taipei (Taiwan) and Ho Chi Minh City (Vietnam), with the maiden flight scheduled on December 12.

EVN outlines four scenarios for electricity supply

 VietNamNet Bridge – Doubtful about the EVN’s promise to ensure a sufficient electricity supply, major enterprises are concerned that outages could occur during the dry season next year.

Vietnamese karate artists compete in world championships

 VietNamNet Bridge – Vietnam’s women’s Kata (demonstration) team flew to Germany to compete for individual and team medals at the 22nd World Senior Karate Championships, underway in Bremen from November 5-9.

Masan plans $77m share buyback

 VietNamNet Bridge – Masan Consumer Holding, the consumer goods arm of Masan Group (MSN), plans to spend VND1.62 trillion to buy back 18 million shares of the company by the end of this year.

Images: Female artist turns fabric scraps into paintings

A graduate of the Industrial Fine Arts University in 1967, artist Nguyen Thi Phuong Lan was once a tailor in the subsidy period. This artist-tailor has taken advantage of fabric scraps to make beautiful paintings.

HCM City gets set for Japanese film festival

VietNamNet Bridge – Some 35 Japanese feature films and cartoons will be screened at the second Japanese film festival to be held in HCM City from November 13 to 18.

Sweden shares innovative ideas with Vietnam at touring exhibition

The Embassy of Sweden will organize the “Innovative Sweden” event at the Hoa Sen University in HCM City from November 10 to 30. It will showcase Swedish innovations and creativity, and facilitate an exchange of ideas between Sweden and Vietnam.

5,000 people to attend requiem for victims of traffic accidents

 VietNamNet Bridge – At least 5,000 people have registered to participate in a Requiem for traffic accident victims which will be held at Vinh Nghiem Pagoda in Ho Chi Minh City on November 9.

Popular entertainment park to close temporarily

Dai Nam Park in Binh Duong Province will be closed temporarily because it “has been suffering” from the activities of local government, said the park's boss. However, the local authorities said they did not raise difficulties to the firm.

Vietnam to host fifth Asia-Pacific bonsai festival

 Vietnam will host the fifth Asia- Pacific bonsai festival in 2015, marking its first ever organisation of the event, heard a press conference in Ho Chi Minh City on November 4.

Craft villages use street-shop scraps to make tissue paper

VietNamNet Bridge – Phong Khe and Phu Lam, the two largest paper recycling craft villages in the north, produce tissue from recycled paper used at street rice shops.