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Tea ceremony spotlights rich cultures

VietNamNet Bridge – Together with Viet Nam Day held in Tokyo, Vietnamese and Japanese cultures were on show at the HCM City Friendship Palace to commemorate the 40th anniversary of diplomatic relations between the two countries.

Lending bounces back on high year-end production season

 VietNamNet Bridge – The outstanding loans have increased again since mid- August after a long period of stagnation, though the money has been disbursed mostly to big enterprises.

5-year-old-children education universalization is only a stone’s throw away

 VietNamNet Bridge – The Ministry of Education and Training has admitted that the number of localities recognized as meeting the universalization standards remains modest, while Vietnam only has two years more to fulfill . . .

Vietnam now targets premium software outsourcing segment

 VietNamNet Bridge – After more than 10 years of doing the software outsourcing for Japanese, Vietnamese software firms believe they have accumulated enough experiences to handle more complicated with higher value contracts.

Forbes’ billionaire comes to Vietnam?

 VietNamNet Bridge – A breaking piece of news has been released and spread out from a media company: Bruce Kenneth Forbes, a member of the US honorable Forbes family came to Vietnam. 

Vietnam remains poor amid golden forest and silver sea

 VietNamNet Bridge – Vietnam, known as one of the world’s biodiversity centers with rich and diversified natural ecosystems, has seen the biodiversity degrading rapidly.

FIE’s products encroach on traditional markets

 VietNamNet Bridge – Foreign invested enterprises (FIEs) have been “flattering” petty merchants by offering attractive preferences in an effort to encroach on the traditional markets, considered as the “territory” of domestic products.

HCM City's hidden Chinatown lies in wait for intrepid tourists

 VietNamNet Bridge – It is not common for Vietnamese to explore Cho Lon, HCM City's Chinatown, in District 5, but I decided to do so because many foreign tourists put it at the bottom of their travel lists.

Floating community grounded by poverty

 VietNamNet Bridge – Boat people have been a part of life in many South-east Asian countries for hundreds, perhaps thousands of years. Their distrust of land dwellers is often a shared emotion,

Vinashin to lay off 14,000 workers

 VietNamNet Bridge – According to the state-owned shipbuilding company Vinashin’s plan to restructure and revamp, the company intends to keep only a workforce of 8,000 workers and lays off nearly 14,000 others.

Far East Movement to perform in Saigon

 VietNamNet Bridge - American band Far East Movement will perform in Ho Chi Minh City in the program of the same name on the night of September 22 at the Fuse Bar, 138 Le Lai, Pham Ngu Lao Ward, District 1.

11 Vietnamese trained in aerospace technology in Japan

 VietNamNet Bridge – The Vietnam National Satellite Center (VNSC) has sent 11 officers to Japan for training in aerospace technology at five universities in Japan under the Vietnam Aerospace Center Project.

Central bank eases debt hurdle

 VietNamNet Bridge – Many banks are hoping to offload their bad debts on the new asset management company after the central bank removed a major hurdle to selling their bad debts to the new asset management company,

Eight delicious Chinese cuisines in Saigon

 VietNamNet Bridge - Along with cuisines of various regions in Vietnam, Chinese cuisines with unique characteristics contribute to the multicolored culinary painting of Saigon.

The beauty of Tra Vinh through Khmer temples

 VietNamNet Bridge – Tra Vinh has a big community of Khmer people so it is also the home to cultural treasures of the Khmer, including the system of more than 140 temples.

Top bartender hopes to inspire next generation

 VietNamNet Bridge – Vietnam’s number one bartender Le Thanh Tung, 25, is hoping to inspire the next generation by lecturing at the Tourism School in HCMC and bartending clubs.

Severe power shortage to hit next dry season

 The Ministry of Industry and Trade, and Electricity of Vietnam (EVN) have warned of severe shortage of power during the next dry season as existing hydropower plants are now old and new ones have still not been constructed.

BUSINESS IN BRIEF 18/9

 Tax incentives likely for tech-savvy enterprises; Vinh Long courts investors to back $1.1b project plan; Auto sales August surge bodes well for yearly target; Healthy appetite for animal feed raw material imports

Delayed tourism project leaves families jobless

 VietNamNet Bridge – Eight years after it was licensed, the project to develop Binh Tien Tourist Park in Cong Hai Commune in Ninh Thuan Province's Thuan Bac District has made no progress. No facility has been built on the land where 72 families live.

MobiFone may be separated from VNPT

 VietNamNet Bridge – The restructure plan of the Vietnam Posts and Telecommunications Group (VNPT) is expected to launch in September, in which MobiFone will likely be separated from the group.