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Vietnamese banks to apply Basel II governance standards

Ten Vietnamese commercial banks, chosen by the State Bank of Vietnam, will be applying international bank management standards in accordance with Basel II governance standards.

Hanoi images through architect-turned-designer’s eye

 VietNamNet Bridge – He loves travel, having spent years going places around the world, and Hanoi is just a city among many destinations the Spanish architect has visited.

Illegal logging destroys Dak Lak pine forest

VietNamNet Bridge – Over 90 per cent of the pine forest along the Ho Chi Minh Highway that runs through Krong Buk District in Dak Lak Province has been destroyed by residents as well as the local administration.

Land title delays a pressing problem

VietNamNet Bridge – Delays in issuing land titles (red books) and land-use right certificates is a problem that needs urgent attention, Deputy Minister of Natural Resources and Environment Nguyen Manh Hien said last week.

BUSINESS IN BRIEF 3/11

 VN economy improving: CBRE; Minister Vinh says falling FDI approvals no cause for concern; Bac Ninh welcomes smartphone plant; Trade surplus in 10 months: Satisfactory but unsustainable; Vietnamese flock to Japan on reduced prices

Vinamilk holds 50 percent share of liquid milk market

 The Vietnam Dairy Products Joint Stock Co. (Vinamilk) is now the largest dairy producer in Vietnam, holding half of the liquid milk market share, according to the company’s CEO Mai Kieu Lien.

For a greener and cleaner corner

VietNamNet Bridge – Like any other day, Lien, a housewife living in HCMC’s District 3, spends some time visiting her small vegetable garden and watering it. She calls it a garden but it just consists of some pots of scallion and garlic chives

Breathing new life into an old lifestyle

Bho Hoong Village enjoys cool weather all year round, and has amazing scenery. But visitors get their biggest kicks from the direct glimpses they get into the lifestyle, culture and special skills of the village's Co Tu ethnic minority residents.

Vietnam must be more thrifty in making spending decisions

 VietNamNet Bridge – Phung Quoc Hien, chairman of the National Committee for Financial and Budgetary Affairs, told Hai quan newspaper that Viet Nam's spending structure was ‘irrational'.

UNDP: Progress in Vietnam poverty reduction impressive

VietNamNet Bridge – Vietnam has reduced its poverty rate from 58.1% in 1992 to 17.2% in 2012, lifting some 30 million people out of poverty,

The highest-earning jobs in Vietnam

VietNamNet Bridge – Banking officers and air stewardesses are believed to have some of the highest incomes in Vietnam.

Tech growth lags on lack of funding

VietNamNet Bridge – Limited investment in research and poor management have hindered the development of science and technology in the country.

SBV to fine banks for poor ATM services

 VietNamNet Bridge – The State Bank of Viet Nam (SBV) will be imposing penalties for the first time on banks offering poor quality Automated Teller Machines (ATM) service.

Bamboo house logs global triumph

VietNamNet Bridge – A bamboo house designed by Vietnam's H&P Architects was awarded a Highly Commended status in the House of the Year category at the World Architecture News Awards 2014.

Red alert sounded for special orange

 VietNamNet Bridge – Nghe An Province is known for a specially sweet and fragrant orange called Xa Doai that has been described as "the best variety in the region".

New dynamic for VN-RoK relationship

The recent state visit to the Republic of Korea by Party General Secretary Nguyen Phu Trong was highly appreciated by RoK’s leaders. The visit’s success creates a dynamic to comprehensively develop the relationship between the two countries.

Urban flooding unavoidable

Urban flooding in HCMC is approaching the irrecoverable threshold and is seen unavoidable in the next several years, according to facts and figures at a meeting convened by the HCMC government this week.

State Bank inspectors discover bank fraud, but violations not publicised

It is estimated that nearly 1,000 inspection tours to commercial banks are conducted every year. However, the majority of the inspectors’ reports have never been made public.

Antibiotic misuse a health hazard

 VietNamNet Bridge – Though buying most antibiotics requires a prescription, they have become one of the most popular drugs in Viet Nam, leading to a sharp rise in the population's antimicrobial resistance.

Are VN handicrafts losing their soul?

 VietNamNet Bridge – Local experts in fine arts and culture are concerned about the preservation of Vietnamese cultural identity in handicrafts and applied arts in the era of globalisation.