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BUSINESS IN BRIEF 13/1

Hotel room tariffs high on Phu Quoc Island, Slight advantage decides Vinamotor race, Five-year bond yield seen rising, Residential market soars in 2015, ODA for poor localities meager, Sun Life Financial raises stake in PVI Sun Life

HCM City tour digs up buried history

 VietNamNet Bridge – Remarkable landmarks in HCM City, such as Sai Gon Notre Dame Basilica or Caravelle Hotel, are familiar to many tourists, but the history behind each building often remains a mystery, even to local people.

Vietnam makes reconnaissance plane

The Vietnam Academy of Science & Technology in collaboration with the Ministry of Public Security have successfully made an unmanned long-range reconnaissance aircraft which serves scientific research and national defence purposes.

HCM City to conduct more studies on plasma-tech facility

 The HCM City Department of Planning and Investment has just proposed the city’s people’s committee to green-light Australia-owned Trisun Green Energy Co. to carry out a more comprehensive study for their waste-to-power manufacturing plant.

FTA to bring South Korean investment in third FDI wave

VietNamNet Bridge - A survey conducted by the Korea International Trade Association (KITA) has found that the majority of Korean investors who plan to scale up their outward investment plan plan to come to Vietnam.

Seven incidents of radioactive sources in Vietnam

 VietNamNet Bridge – The most recently radioactive incident in Bac Kan province was not the first in Vietnam. This shows 'loopholes' in management of radioactive objects in the country.

Korean suppliers follow giants to enter Vietnam

 Many South Korean suppliers have followed Samsung, LG, Lotte, Emart and other major companies to set up shop in Vietnam in recent years, resulting in a sharp rise in Korean investment activity.

Vietnamese drivers lack road safety awareness

 VietNamNet Bridge – In the last three years, nearly 13,000 traffic accidents have occurred in HCM City, killing 2,141 people and injuring 11,686, of which 80 per cent were caused by lack of driver awareness about traffic laws.

Vietnamese stock market targets stability, no growth in 2016, SSC chairman

 VietNamNet Bridge – Chairman of the State Security Commission of Vietnam (SSC) Vu Bang has said that the goal of Vietnamese stock market for this year is stability in stead of growth because of many negative impacts abroad.

Party Central Committee continues personnel-related discussions

 11th Party Central Committee members continued discussing Politburo reports on personnel preparations for the next tenure during their ongoing 14th meeting on January 12.

Chinese spokesman’s arguments completely wrongful: aviation authority

 The Chinese foreign ministry spokesman put forward a number of wrong and dangerous arguments to defend the country’s recent test flights to a reef in the East Sea, the Civil Aviation Authority of Vietnam (CAAV) has said.

Government issues major solutions for socio-economic development in 2016

 The Government has promulgated a Resolution underlining key measures to realise the socio-economic development plan and State budget estimates in 2016.

Vietnamese judokas to compete in Tunisia

 Two Vietnamese judokas left for Tunisia yesterday to compete in the judo Olympic qualifiers from January 12-18.

Ly Hoang Nam moves up in ATP rankings

 Vietnam's top tennis player Ly Hoang Nam jumped one spot to 912th in the latest ATP rankings announced on January 11.

VN to publicly rank quality of hospitals

 Hospital rankings will be publicised for the first time this year in an effort by the Ministry of Health to improve healthcare services, the Tien Phong (Vanguard) newspaper reported.

Drug trafficking ringleader arrested in HCM City

 Dozens of HCM City police officers were mobilised to capture drug trafficking ringleader Ngoc Em, 50, in Nguyen Thuong Hien Street's Alley 183 in Binh Thanh District yesterday afternoon.

Oil prices tumble 3 percent to just over $30; traders bet on more falls

 Crude oil fell 3 percent on Tuesday, heading toward $30 per barrel and levels not seen in over a decade, with analysts scrambling to cut their price forecasts and traders betting on further declines.

ANA Group to purchase 8.8% stake of Vietnam Airlines

 Japan’s biggest air transport group All Nippon Airways (ANA) is set to become National flag carrier Vietnam Airlines’s strategic partner after buying 8.8% of VNA, according to an announcement by VNA on January 12.

Antarctic icebergs have surprise role in slowing warming: study

 The biggest icebergs breaking off Antarctica unexpectedly help to slow global warming as they melt away into the chill Southern Ocean, scientists said on Monday.

Carmakers' rush to put latest tech in lower-priced models

 Rapidly evolving technology is upending the traditional pecking order in the luxury car market, which until now has operated on the principle that bigger is better.