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BUSINESS IN BRIEF 7/2

Vietnam, attractive destination for investment, Hai Phong looks to international logistics hub, FPT targets $2.07 billion in revenue this year, Veggie and fruit exports surge in 2015, Cholimex to sell 50% stake at IPO

Social News 7/2

Flower streets open in many places, LabCitoyen launches French eloquence contest, Loopholes in law create more urban construction violations, Ha Noi bans trucks' entry during rush hour

Image: Watermelon carving arts

 VietNamNet Bridge – Through skillful hands, after about an hour, watermelons become artworks for display on the altar during Lunar New Year (Tet).

VN supports VN-South Korea Incubator Park

 VietNamNet Bridge – The Ministry of Finance issued a circular to regulate the State's mechanisms, incentives and support at the Viet Nam-Republic of Korea Incubator Park (KVIP) in Can Tho.

Ornamental plants - indispensable part of Tet

 During the days just before Tet (Lunar New Year), it is easy to see motorbikes carrying all sorts of ornamental plants, while streets which are used to selling ornamental plants and flowers become crowded.

Guarantees for loans to be shouldered by banks, not government

VietNamNet Bridge - The government plans to transfer its burden of acting as a guarantor for loans to commercial banks in an effort to better control public debt.

Non-native plants threaten Phong Nha – Ke Bang park’s ecology

  Bim boi hoa vang, or yellow merremia, a flowering plant in the morning glory family, has done severe damage to the biodiversity in Phong Nha – Ke Bang National Park.

Vietnam vows to reduce transport accidents, deaths in new campaign

 VietNamNet Bridge – Khuat Viet Hung, vice chairman of the National Traffic Safety Committee, speaks to the newspaper Lao dong (Labour) about his plan to reduce the number of transport accidents, deaths and injuries.

Vietnam-Asia Silk coming to Hoi An

The Viet Nam-Asia Silk Culture Festival 2016 will be held at Hoi An Silk Village on March 28-29 with the participation of traditional silk villages in Viet Nam, fashion designers, and businesses from China, Japan, India, Myanmar and Thailand.

Real estate lessons learned, foreign expert

Mr. Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, discusses the current state of Vietnam's property market.

Small firms suffer from slow tour sales

 Small tour firms are facing huge losses as travel demand for the lunar new year season has slowed.

Gong culture exhibition opens in Dak Lak

 Over 300 documents, images and artifacts on the distinctive gong culture of Vietnam's Central Highlands are currently on display at an exhibition at the Vietnam Museum of Ethnology in Dak Lak.

Vietnam's economy has not overcome period of decline

 VietNamNet Bridge - Economists said that Vietnam’s GDP growth of 6.68% in 2015 was impressive but the average growth rate of the past five years was still much lower than the previous periods. The growth model is still unsustainable, they said.

Phu Quoc ideal for tourism investment

Phu Quoc Island is emerging as an ideal destination for hospitality investment, with major advantages from its natural conditions, strategic location, and the support and investment from the local government and enterprises.

American group Della Mae to perform in Hue Festival 2016

 VietNamNet Bridge – The Della Mae, an American group from Nashville, will perform in the Hue Festival 2016, said director of Hue Festival Center, Che Cong Trung.

2,300 traffic signs removed at Transport Minister’s instruction

 VietNamNet Bridge - The number of traffic signs removed over two weeks was 3.5 times higher than the total number of 2015.

Are foreigners cornering Vietnam’s clothing and textile market?

Vietnam’s clothing and textiles industry has recorded average annual growth of 15% over the past five years and experts anticipate this trend to continue in the near term with gross export revenue reaching a record high US$30 billion

Hoi An free for Lunar New Year

 Hoi An Town will waive ticket fees for visitors during the lunar new year.

Photos: Huge congestion as people leave for Tet holiday

 Thousands of migrants in Hanoi and HCM City left for home for the lunar new year on February 5 afternoon, causing serious traffic jams at coach stations and exit routes from the city.

Mobile carriers prepare plans to prevent network congestion at Tet

  Local mobile phone service providers like Viettel, MobiFone and VinaPhone have drawn up plans to cope with network glitches, especially for the 3G service during the upcoming Lunar New Year holiday (Tet).