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BUSINESS IN BRIEF 4/11

 Malaysia-VN trade to reach $10b; NA urges faster SOE restructuring; Deposit rate cut has little effect; PetroVietnam told to finish refinery plan; Mobile World hits yearly target in 9 months; Mastercard looks at local non-cash payment sector

Suspected man tests negative for Ebola

 VietNamNet Bridge – The third and last test on a 26-year-old patient in Da Nang proved to be 100% negative for Ebola, the Da Nang Health Department has announced.

Easier foreign ownership likely to revive property market

 VietNamNet Bridge – A Construction Ministry recent proposal on creating more favourable conditions for foreigners to buy property is considered a step in the right direction to attract stronger foreign investment inflows.

New policies take effect in November

VietNamNet Bridge – A string of policies on divestment, fuel prices, attraction of foreign scientists; import tax exemption on medical equipment, value-added tax, road user charges come into effect since November, 2014.  

Russia to hand over 3rd Kilo submarine by year-end

VietNamNet Bridge – Russia is scheduled to hand over the third Kilo Class diesel-electric submarine (SSK) of Project 636 to the Vietnam People’s Navy by the end of this year, reported the Voice of Russia on November 1.

Vietjet inks strategic cooperation deal with Indian airline

 VietNamNet Bridge – Low-cost carrier VietJet Air on October 28 signed a strategic cooperation deal with Indian regional airline Air Costa aiming to boost air travel between the two countries.

VNA plans woo strategic investors

 VietNamNet Bridge – National carrier Vietnam Airlines held a roadshow in HCM City on Thursday, to introduce investors to its business operations and development plans, before launching its initial public offering (IPO).

How much money does HCM City need to clean its canals?

 VietNamNet Bridge – Trillions of dong have been injected into projects to solve canal pollution in HCM City but the results have been temporary.

Cavern blamed for sinkhole

 VietNamNet Bridge – Karst cave, also known to be a subsurface cavern, has been blamed for a 30m-wide sinkhole that suddenly formed in central Thanh Hoa Province last Tuesday.

Nearly 7kg of suspected rhino horn seized in Hanoi

 VietNamNet Bridge – Nearly 7kg of suspected rhinoceros horn was discovered in the luggage of three women travelling from Bangkok to Hanoi on November 1.

Gov't pledges to invest wisely

 VietNamNet Bridge – The Government will implement several measures in tandem to ensure that both socio-economic investments and debt repayments are made in such a way that public debt is kept within allowable limits.

Nick Ut honoured at Lucie Awards

 VietNamNet Bridge – Vietnam War photographer Nick Ut received Achievement in Photojournalism at the 12th Annual Lucie Awards which was held in New York, the US on November 2

Latest iPhones to hit the shops

 The iPhone 6 and iPhone 6 Plus, Apple's latest products, will be officially delivered in Viet Nam from November 14, official distributors have revealed.

Math software an easy crutch, educators warn

 VietNamNet Bridge – Vietnamese educators are concerned that the overuse of smart devices and software to solve math problems will cause students to become lazy.

Air route launched between Phu Quoc and Singapore

An air route linking Vietnam’s Phu Quoc island in the southern province of Kien Giang and Singapore was launched at Phu Quoc International Airport on November 2.

Import/export tariff rules need to be amended: businesses

 VietNamNet Bridge – Import and export tariff rules can be interpreted in many different ways, putting pressure on businesses, many companies have complained.

First 4DX theatre in Ha Noi to open next month

Next month, the first 4DX theatre in Ha Noi will provide movie-goers the opportunity to enjoy international blockbusters like never before.

Millions of websites hit by Drupal hack attack

 Up to 12 million websites may have been compromised by attackers who took advantage of a bug in the widely used Drupal software.

SMEs continue to struggle in improving economy

Small- and medium-sized enterprises still face “special difficulties” even though the national economy has improved in the last 10 months, according to a National Finance Supervisory Council’s report.

Pakistan bombing: Wagah suicide attack near India border

 More than 50 people were killed and at least 100 injured in a suicide bombing close to Pakistan's only border crossing with India.