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SCIC and Russian VTB Group ink MoU on co-operation

Viet Nam's State Capital Investment Corporation (SCIC) and Russian VTB Group signed a Memorandum of Understanding (MoU), which will allow both companies to expand investment between the two countries.

PetroVietnam's bio-fuel factory halts operations

  Bio-Ethanol Dung Quat, a bio-fuel factory owned by the Viet Nam Oil and Gas Group (PetroVietnam), has halted operations due to continuing losses.

Festival to honour Vietnamese Ao Dai based on songs by Trinh Cong Son

Relatives of composer Trinh Cong Son are hosting a one-week festival which kicked off on Monday at Nguyen Van Binh Book Street in downtown HCM City, honouring a collection of ao dai designs inspired by songs of the composer.

Hanoi looks to close small slaughterhouses

 Hanoi authorities plan to reduce the number of small non-mechanised slaughterhouses to 30 per cent of the total number of slaughterhouses during the 2016-20 period.

Long An told to resolve industrial park fee dispute

 Deputy PM Nguyen Xuan Phuc has urged the southern province of Long An to resolve a dispute about maintenance fees between an industrial park developer and companies operating in the park.

Rare animals found in U Minh Ha national park

 Deer, wild boar, otters, mongooses, monocle cobras and painted storks are among rare and valuable animals recently found in the U Minh Ha National Park, in the southernmost province of Ca Mau, according to the park’s management board.

Government rushes to borrow money for spending

VietNamNet Bridge - The government plans to borrow VND116 trillion this year to cover ispending, as a report to the National Assembly shows a budget deficit.

Medical intermediate schools rush to upgrade into junior colleges

VietNamNet Bridge - The Ministry of Health’s (MOH) decision to stop recruiting health workers with intermediate schools (2-year training) from 2021 has upset the calculations of all students, schools and hospitals as well.

iPhone SE not seen as a must-buy as it is inexpensive

VietNamNet Bridge - Many Vietnamese have expressed their disappointment about the newly marketed iPhone SE. Distributors think iPhone SE won’t cause a buying ‘fever’. 

HCM City pilots street vending

 The People’s Committee of District 1 in Ho Chi Minh City will start to pilot food vending in several streets from the middle of April 2016.

Vietnamese, Chinese defence ministers witness joint patrol

 Defence Minister Gen. Phung Quang Thanh and his Chinese counterpart Chang Wanquan performed the rituals of saluting territorial sovereignty marker 1223 and witnessed a joint patrol of the two countries’ border soldiers yesterday.

Over 10,000 enterprises established in Vietnam in Q1

  The number of new enterprises established during the first quarter of this year increased by more than 10,000 compared to the same period of 2015, according to the General Statistics Office of Vietnam (GSO).

Journey to the centre of Son Doong Cave

 VietNamNet Bridge – When Son Doong Cave in the central province of Quang Binh made global headlines, as a son of the province, I naturally wanted to challenge myself and take the tour.  

Is the franchise boom over?

VietNamNet Bridge - Many investors who once intended to start up business with franchise contracts have given up because of the high investment rate.

Arrowroot firms polluting Son La water sources

 VietNamNet Bridge – Residents in Tan Lap Commune in the northern mountainous province of Son La’s Moc Chau District said while growing and processing arrowroot helped improve the lives of local residents,

FPT looking to enlist foreign help to strengthen retail and distribution arms

FPT is likely looking for foreign investors to strengthen its retail and distribution arms, FPT Retail and FPT Trading.

HCM City target youth for business startup hub

VietNamNet Bridge – The Viet Nam Youth Federation in HCM City, the Viet Nam National Students Association in the City and the HCM City Young Businesspeople Association launched a business startup programme for youth,

Wedding ceremony of the Khmer

 VietNamNet Bridge – Getting married is an important event in a person’s life. Khmer boys and girls are free to date but must follow many rules and customs for marriage.

Vietnam struggles to deal with unskilled workforce problem

 As many as 54 million people are just doing simple jobs yet about 30% have stilled failed to meet employer requirements according to a recent report.

Fears of a property bubble unfounded

 VietNamNet Bridge – Property-oriented credit jumped 26 per cent last year, triggering concerns from the State Bank, which is considering putting the brakes on credit growth.