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U.S. and EU firms warn of 'enormous' consequences if data pact talks fail

 The two largest American and European trade groups have warned of "enormous" consequences for thousands of businesses and millions of users if Brussels and Washington fail to wrap up talks on a data transfer pact by the end of the month.

Asian shares drop to 2011 levels as oil slump intensifies

 Asian shares slid to their lowest levels since 2011 on Monday after weak U.S. economic data and a massive fall in oil prices stoked further worries about a global economic downturn.

Obama declares emergency in Michigan over bad water: White House

 U.S. President Barack Obama declared a state of emergency in Michigan on Saturday and ordered federal aid for state and local response efforts in the county where the city of Flint has been contending with lead-contaminated drinking water.

BUSINESS IN BRIEF 18/1

GPBank to adopt new branding, HCMC sees demand increase in Class A office space, Seafood industry faces lot of difficulties, Proper policies needed to attract Japanese investors, Bulk FDI inflow fosters electronics export growth

Vietnam responds to surrogacy demand

 More couples have been registering for surrogacy in the north than in southern and central regions, according to a conference concerning the fertility treatment held on January 16.

Da Nang introduces new tourism products

 A programme on tourism promotion of the central city of Da Nang was launched in Hanoi on January 16.

Work at Hoang Sa soldier site begins

 A foundation stone-laying ceremony for a monument to Hoang Sa soldiers took place in the island district of Ly Son, central Quang Ngai Province, yesterday.

NA passes draft on organisation of voter forum

Top lawmakers passed a draft resolution on Saturday detailing and instructing the organisation of a voter consultative conference.

Vietnam sends greetings to Laos’ 10th National Party Congress

The Central Committee of the Communist Party of Vietnam has sent warmest regards and wishes of successes to all members of the Lao People’s Revolutionary Party and people of Laos on the occasion of the 10th National Party Congress of the LPRP. 

Preparations for National Party Congress scruntinised

 Preparations for the 12th National Party Congress at the Ho Chi Minh Mausoleum and the National Convention Centre were fully examined on January 17.

Nation condemns terror attack at hotel in Burkina Faso capital

Vietnam vehemently condemns recent terrorist attacks, with the latest in Burkina Faso on Friday leaving many dead and injured, said Vietnamese Foreign Ministry spokesperson Le Hai Binh one day after the attack.

Vietnam urged to change mindset about HR development

VietNamNet Bridge - Low labor costs must not be considered Vietnam’s advantage to attract investment and develop economy in the new development period, experts say.

Information collection brings ill fame to technology groups

VietNamNet Bridge - Computing device manufacturers have been criticized as ‘playing dirty’ when collecting users’ personal information.

Highway tears national park apart

VietNamNet Bridge - The Bach Ma National Park and Phong Dien Natural Sanctuary are at high risk as a highway is expected to go through them and damage local biodiversity.

Inexperienced teachers, parents assume shy children are autistic

VietNamNet Bridge - Many students who are reticent by nature are considered autistic because of the attitudes of inexperienced teachers. 

Citi supports Vietnam Airlines’ expansion

 VietNamNet Bridge – Citi has lately inked an aircraft financing loan with Vietnam Airlines, allowing the latter to purchase two Airbus A321s from Airbus SAS (Airbus), in a bid to expand the airline’s fleet and operation.

How will the national economy perform in 2016?

Core inflation in 2016 will not be much higher than that of 2015, at about 3 percent, while the inflation rate will be a little bit lower than core inflation, about 2-3 percent. The exchange rate and interest rate would bear hard pressure.

Chinese shrimp traders disturb Mekong Delta market

 Raw shrimp prices in the Mekong Delta have risen to the highest level over the past two years as Chinese traders boost direct purchase, leaving local traders with insufficient supply to fulfill export orders.

Vietnam lose to Australia in U23 football

 Viet Nam lost to Australia 2-0 in the second match of Group D of the Asian U-23 Football Championship in Qatar yesterday.

Social News 18/1

$46 million allocated for urgent projects, Deputy Chief, Inspector jailed for corruption, Tay Ninh Police seize smuggled cigarettes, Hanoi pours nearly 2.4 bln USD in rural transport infrastructure