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BUSINESS IN BRIEF 8/1

 Tax rates proposed for two fats for milk, Sai Gon Hi-Tech Park grants licenses to three enterprises, Confectioners ready for Tet, VN households may soon pay tax online, HCM City proposes new 520 million USD power plant

VN police hold large-scale anti-riot rehearsal

VietNamNet Bridge – From December 27, 2015 to January 9, 2016 the police will practice various scenarios to ensure security for the 12th National Party Congress, which will take place later this month in Hanoi.

Korean, Japanese, American investors act as counterpoise to Chinese investment

VietNamNet Bridge - Analysts have said the strong investment wave of investors from South Korea, Japan and the US would act as a counterpoise to rising Chinese investment.

Brazil dam burst tailings spill below early estimates

 Much less sludge was spilled than first estimated from a dam burst at a Brazilian iron ore mine last November which killed 17 people,

Hanoi to build over 100 parks, playgrounds

VietNamNet Bridge – Hanoi authorities approved the Department of Planning and Architecture's proposal to build more than 100 public parks and playgrounds with a total area of 59ha around the city.

Vietnam listed among best countries in Southeast Asia to visit

 VietNamNet Bridge – Thrillist - a leading US food, drink and travel website has cited the best countries in Southeast Asia to visit, including Vietnam.

U.S. jobs market seen fairly healthy despite slowing economy

 U.S. employers likely maintained a fairly strong pace of hiring in December, suggesting that a recent but sharp manufacturing-led slowdown in economic growth would be temporary.

Asian shares rally as China drops circuit breaker, firms yuan setting

 Asian shares rebounded on Friday, led by strong gains for battered Chinese stocks after China suspended its market circuit breaker system and set a firmer midpoint rate for yuan trading for the first time in nine days.

Foreign enterprises seek to buy garment companies

VietNamNet Bridge - In most of the merger & acquisition (M&A) deals in the textile and garment industry which were made recently, the buyers were foreign investors.

Facebooker investigated for posting monkey-killing photos on personal page

 VietNamNet Bridge – The police of the central province of Nghe An’s Hoang Mai town have summoned a man for investigation of photos related to the killing of a monkey which were posted on his Facebook page.

Metro Vietnam project officially taken over by Thai group

 VietNamNet Bridge - Metro Group (Germany) has announced the completion of the transfer of Metro Cash & Carry Vietnam to a Thai partner.

Police investigate 200 tons of dead fish in Dong Nai River

VietNamNet Bridge – More than 200 tons of fish at fish farms on a branch of the Dong Nai River in the southern province of Dong Nai have been reported dead, placing many households in distress.

Thai, Malaysian goods rush into Vietnam

VietNamNet Bridge - The ASEAN Economic Community which is now in effect will cause products from ASEAN countries, especially Thailand and Malaysia, to penetrate the Vietnamese market.

Mobifone acquires 95% of AVG

 Viet Nam's second largest mobile network operator MobiFone has acquired 95 per cent of stake in Audio Visual Global JSC (AVG), an official told local media yesterday after completing negotiations.

Must students studying abroad return to Vietnam?

VietNamNet Bridge - Whether Vietnamese students should return to Vietnam after they finish overseas study is a topic of hot debate on social networks.

Technical problem fixed, Vietnam Airlines' super-aircraft returns from Paris

 The Airbus A350 aircraft of Vietnam Airlines returned to Ha Noi yesterday afternoon two days after being stranded in Paris due to problems in a wing of the aircraft.

Fish oil dissolving Styrofoam is normal: Health Ministry

 The Ministry of Health on January 7 slammed a misleading report that a Styrofoam sheet's dissolution by a fish oil product would prove the supplements' low quality.

Ex-Agribank chief, 17 others jailed

 The Hanoi People's Court yesterday gave a 22-year prison sentence to Pham Thanh Tan, former General Director of State-owned Agribank, completing a 15-day trial in Ha Noi in a corruption case involving thousands of billions of dong.

Missing radioactive materials of cement factory might be sold as scrap

 The missing radioactive materials from the Bac Kan Cement Company have not yet been found and they could be sold as scrap.

Anti-corruption hotline receives 330 calls so far

 Approximately 330 calls have been made to three national anti-corruption hotlines that were created for the public to report corruption 25 days ago, said Pham Trong Dat, head of the Government Inspectorate Anti-Corruption Bureau.