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BUSINESS IN BRIEF 7/10

 Industrial processed products earn US$53.19 bil; SOEs make up 70 percent of total bad debts; Foreign retailers expand network in Vietnam; Experts ponder gold hoarding; Vietnam’s real estate market faces fierce competition

Stagflation fears slapped down

 Looking into macroeconomic indices in September and the first nine months of 2012 General Statistics Office (GSO) chief Do Thuc confirmed stagflation would not become a threat.

Vietnamese students at FDI schools not exceed 20 percent

  Foreign-invested schools can enroll Vietnamese students, but the numer shall not exceed 10% for elementary and junior high schools while the percentage is 20% for senior high schools, according to the latest regulations.

Dak Lak’s Chairman loses his position for violations

Half a year after being reprimanded, Mr. Lu Ngoc Cu has been dismissed from the Chairmanship of Dak Lak Province, to become a member of the Steering Committee of the Central Highlands.

Banker explains about his VND4 billion stolen rhino horn

  VietNamNet Bridge - Police of Tra Cu district, Tra Vinh province are tracing thieves of the rhino horn of a famous banker, Mr. Tram Be, from his mansion in Ham Giang commune, Tra Cu district.

Unique national treasures

  VietNamNet Bridge - Ngoc Lu drum is the most typical drum in the Vietnamese bronze drum system. Dao Thinh bronze jar is typical for traditional beliefs, while the Bodhisattva Tara statue is the pinnacle of visual arts.

Chamber Music Concert to be held in HCMC

  A concert featuring special chamber music by renowned composers of Romantic Music including Schumann, Brahms, Grieg, Gershwin, Henryk Wieniawsky will take place at the Ho Chi Minh City Opera House on October 9.

Wild birds becoming cage birds

With keeping wild birds for ornaments now in vogue, more and more wild birds have fallen into hunters’ traps.

Getting the kinks out

 VietNamNet Bridge – With endless construction, roads clogged by seas of motorbikes, and a growing number of cars, Ha Noi is definitely not the most conducive city for exercising outdoors.

Zing losses advertising contracts with Coca-Cola, Samsung and the lesson

  VietNamNet Bridge - After Coca-Cola and Samsung withdrew their advertisements on Zing, yesterday Zing attempted to reach an international music copyright agreement with Universal Music.

University students struggle to look for accommodations

VietNamNet Bridge – Obtaining a seat in dormitories is now the dream of many university students.

New buildings seek harmony with old

 VietNamNet Bridge – Harmonising new buildings with old ones is a key requirement for the planned makeover of the city centre in HCM City.

83-year-old woman asks for body donation for several times

 VietNamNet Bridge – Without any relative, Ms. Thanh, 83, was refused many times by her landlords because they were afraid that she could die anytime.

The knight against “street nails”

Under the scorching sun, sweat soaking his back, Pham Cong Xuan diligently drove his motorcycle along National Highway 1A in Binh Duong province to collect nails. Occasionally, he received a threatening message: "Do you like a scimitar?"

Big guys nurture the ambition of digitalizing textbooks

Despite the low demand and the low popularity of e-books, and despite the widespread copyright infringement, the big guys in the hi-tech sector such as VTC, FPT and Viettel all are planning to digitalize textbooks.

Forest scheme needs more time

 VietNamNet Bridge – Viet Nam may need more time to prepare for the implementation of the emission reducing REDD+ initiative as many stakeholders are still getting to grips with the concept and its importance.

Hong Kong travel agencies check out central region

VietNamNet Bridge – Representatives from travel agencies in Hong Kong will join familiarisation (FAM) trips at destinations in Da Nang and Ha Noi on October 8-12, the central city's tourism promotion centre said earlier this week.

Mammoth amusement park projects just make-believe cake drawn on paper

A lot of foreign investors arrived in Vietnam and contrived mammoth amusement park projects. Later, only when the investors left, did local authorities realize that the investors just promised the earth.

iPhone 5 hard to beat other brands: traders

 VietNamNet Bridge – The feverish demand for iPhone 5 in Vietnam will not affect sales of other smartphone brands, trading companies said.

Hospitals plan to establish new infection control system by 2015

 VietNamNet Bridge – The Ministry of Health will implement a new system to control infections in all central and provincial hospitals nation-wide by 2015, said Vice Minister of Health Nguyen Thi Xuyen.