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BUSINESS IN BRIEF 22/1

Domestic software firms bemoan skewed tax breaks; No respite for Ha Noi real estate; Military Bank leads in profitability; New fund will help firms to issue affordable bonds; Steel giant hurries projects; Auto market recovers before Tet

Nix-waste treatment plant has its investment licence revoked

VietNamNet Bridge – The investment licence for a long delayed project to build a nix-waste treatment facility in the Van Phong Economic Zone has been revoked by the zone's management. 

Nominees set their sights on Golden Kites

 VietNamNet Bridge – Fourteen films, including 12 commercial features, have been nominated for the annual Golden Kite awards organised by the Viet Nam Cinematography Association in HCM City.

Gov’t gets tough on State business equitisation

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has asked leading economic groups and State corporations to accelerate the equitisation process to improve its operational efficiency. 

Students handed Tet train ticket discounts

 VietNamNet Bridge – The Ha Noi Railway Station has started to sell discounted train tickets for students to get back to their hometown for the Tet holiday which will falls on February 10.

Ca Mau rivers, canals severely polluted

 VietNamNet Bridge – Rivers and canals in Ca Mau City in the southernmost province of Ca Mau are being seriously polluted by waste water discharged by industries and households.

In sale season, commercial hubs keep quiet, shops poorly patronized

No one could imagine before that commercial streets in HCM City close the doors prior to 8 pm, because the sellers do not hope to have more buyers after that time.

Telecoms industry leads development

 VietNamNet Bridge – Development of Viet Nam's wired and wireless broadband internet infrastructure can progress ahead of schedule, despite the country setting a target of becoming a modern industrial nation by 2020.

Phu Quoc sim wine big hit with tourists

Ruou sim is popular with the many tourists visiting Phu Quoc Island as it delivers a fragrance and sour taste similar to cocktails. However, the man who made the beverage is completely unknown. 

Tighter rein tipped for festivals

VietNamNet Bridge – Some cultural festivals held last year were organised unprofessionally, according to Pham Van Thuy, director of the Popular Culture Department at the Ministry of Culture, Sports and Tourism.  

HCM City to buy firefighting helicopters

 VietNamNet Bridge – From now to 2025, HCMC will purchase six firefighting helicopters in response to rising fires in residential areas and high-rise buildings.

Forbes honours Vietnamese in US as "young talent"

 VietNamNet – A Vietnamese guy, Nam Nguyen, who was born and raised in California (the US), was recently honoured as a “young talent” in Forbes' "30 under 30" list.

Million USD ships sold at dirt price

After more than a year of being abandoned, the Speedy Falcon ship of the Oil and Gas Transport Company has been sold at the price equivalent to one-sixth of the original price and cheaper than the price for scrap.

HCM City’s major discotheque stormed by hundreds of policemen

VietNamNet Bridge - Hundreds of police officers made a raid on the Diamond, a major night club in HCM City, at 1am on January 20.

Facebook's new search product not threat to Google in near term: analysts

Facebook's newly unveiled search tool has the potential to generate revenue but is unlikely to challenge the core business of Google in the near term, analysts said Wednesday. 

Exporters feel excited about widened door to Japanese market

Vietnamese enterprises have geared up to prepare to boost their exports to the Japanese market – the market which is believed to open more widely after the official visit by the newly elected Japanese Prime Minister Shinzo Abe.

Shares predicted to continue correction

 VietNamNet Bridge – The 13-day rally of the VN-Index finished with two declining sessions last week. On the HCM City Stock Exchange, the VN-Index slid 1.8 per cent over the previous Friday's close to 454.16 points,

SOCIETY IN BRIEF 21/1

Vice President presents Tet gifts, Thousands of young people join “Red Sunday” campaign, Customs officers bust fraud, crime case, New Year presents for AO victims

Cancer hospital opens in Da Nang

 VietNamNet Bridge – The US$71.4 million Da Nang Cancer Hospital was inaugurated on Saturday after three years of construction. VND220 billion ($10.5 million) was raised through Government bonds.

Vietnam sovereignty documents on display

 VietNamNet Bridge – An exhibition showcasing newly-discovered documents relating to Vietnam’s sovereignty over Hoang Sa (Paracel) archipelago opened in the central city of Da Nang on January 20.