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World Bank sees emerging nations leading growth

 Developing countries, led by China, will remain the main engines of global economic growth in 2013 as Europe and the United States plod along, the World Bank said in a report.

SPORTS IN BRIEF 16/1

 Track-and-field athletes to compete on global stage; Archers rank second in regional competition; Paulo Owen signs with First Division's Long An

State-owned groups report losses of nearly $62 billion to the PM

VietNamNet Bridge – A report released at the meeting with the Prime Minister this morning, January 16 shows that the losses of state-owned groups and corporations in 2012 significantly improved when compared to 2011.

Nam leaps 11 places in world junior rankings

VietNamNet Bridge – Rising tennis star Ly Hoang Nam moved up 11 spots in the International Tennis Federation (ITF)'s latest junior ranking to 114th.  

PM proposes launching of Viet Nam-India direct air route

VietNamNet Bridge – PM Nguyen Tan Dung proposed Viet Nam and India early open a direct air route to speed up trade linkages between the two countries in the coming time. 

Vietnamese market too severe to airlines (part 1)

Analysts now bet on the fate of Air Mekong after hearing that the private airline cannot pay for fuel. Pacific Airlines still has reported a loss for the last five consecutive years of operation.

Land Law, disaster readiness under review

 VietNamNet Bridge – The draft Land Law will undergo public comment during February and March before being submitted to the National Assembly for approval in May,

GOVERNMENT IN BRIEF 16/1

  Senior leaders receive Indian Vice President; Nation eyes stronger ties with S Korea; Conference reviews VFF’s 2012 activities; Vietnam, Japan strengthen strategic partnership

Foreign big guys dodge the laws to retail goods on the market

In Vietnam, Metro Cash & Carry, Adidas registered their business as wholesalers. However, in fact, individual clients still can buy goods directly from the distributors.

BUSINESS IN BRIEF 16/1

Ministry asks for unchanged fuel prices; Prospects for gold price market in 2013; Can Tho industries lack investors;  Nation vaults past neighbours in FDI; Ministry to support salt producers

Khanh Hoa to release thousands of mosquitoes to island

VietNamNet Bridge - Khanh Hoa province, in central Vietnam, will release thousands of Aedes aegypti flies to Tri Nguyen Island to replace natural mosquitoes.

Mekong Delta facing crushing calamity

When hydropower power plant dams are built in masses on Mekong River, this would not only seriously damage the Vietnamese Mekong Delta, but would also threaten the world’s food security.

Non-state science institutions live well without the state’s support

No investment capital from the states, but a lot of non-state science institutions show that they have been operating very well and they are in no way inferior to the organizations funded by the State.

How expensive will Starbucks coffee be in Vietnam?

VietNamNet Bridge – Analysts believe that Starbucks coffee in Vietnam would be closer to the Starbucks coffee in India rather than to China.

Tax law revision gives lifeline to property investors

The amended corporate income tax law, which will be submitted to the Government this month and forwarded to the National Assembly in May, contains a provision that will help real estate investors offset their losses.

Are there “red alarm” training majors?

MOET has rung the red alarm over some training majors, warning about the oversupply of the labor force in the fields. However, consultancy experts believe that they cannot see the oversupply in any business fields.

Foreigners dazzled about Vietnamese fast set

In the next 10 years, urban areas would remain the potential destinations for foreign luxurious products, especially cars and beauty products.

Thien set to chance his arm in Aussie Open qualifiers

VietNamNet Bridge – Nguyen Hoang Thien will take part in the Australian Open juniors on January 19-26 in Melbourne, a Group A event. 

Vietnam faces huge annual losses from Climate Change

 VietNamNet Bridge – DARA International, an organization specializing in research on environment monitoring, announced in a report that Vietnam had become even more vulnerable to climate change in 2012.

What Vietinbank seeks when selling stakes to Japanese bank?

VietNamNet Bridge – Commenting about the deal of Vietinbank, one of the Vietnamese biggest commercial bank, sells stakes to The Bank of Tokyo - Mitsubishi UFJ (BTMU), the Vietnamese bank has obtained big gains.