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PM orders support for workers abandoned by South Korean employer

 Prime Minister Nguyen Xuan Phuc issued a statement on February 11 ordering authorities in southern Dong Nai province to support workers abandoned by their South Korean employer just before the Tet holiday.

Thai company pours $1.76 billion into Vietnamese wind power projects

 Thailand’s largest solar energy company, Superblock Pcl., plans to invest $1.76 billion to install 700 megawatts (MW) of wind farms in Vietnam.

BUSINESS IN BRIEF 12/2

Contest for rural youth start-ups launched, Car sales in January go contrary to usual market situation, Fruit, veggie exports estimated at 321 million USD in January, Insurance books should not be used as collateral

Sai Gon River tour shows the best of HCM City

 VietNamNet Bridge – A journey on the Sai Gon River in bustling HCM City and nearby provinces is a great way for tourists to see the local scenery and sample the best sights. 

Dam Sen Park preps up for Tet

Dam Sen Park is launching hi-tech games and new services, so it is seen as a great entertainment destination for revelers in Ho Chi Minh City during the upcoming Lunar New Year (Tet) holiday. 

Festival dedicated to Mountain God listed as national heritage

 VietNamNet Bridge – The worship of Tan Vien (the God of the Mountain), one of the Four Immortals in Vietnamese faith, will be officially recognised as a national intangible cultural heritage.

Seven investors registered to buy all Vinasugar II shares at auction

 The Ministry of Agriculture and Rural Development (MARD) estimates to earn VND664 billion ($29.25 million) after the auction of Vietnam Sugarcane and Sugar Corporation II JSC (Vinasugar II).

Seaweed harvesting on central island

Nhon Chau island commune in the central province of Binh Dinh is blessed with plenty of sea products, including seaweed. Porphyra, a cold-water seaweed found growing abundantly around rock pools here, 

Cooperation in East Sea fisheries management, environmental protection

A Blueprint for Fisheries Management and Environmental Cooperation in the East Sea was introduced by the US’s Center for Strategic and International Studies last year.

Workers in Dong Nai receive delayed salary

Authorities in the southern province of Dong Nai on February 11 used their own budget to pay the salary and Lunar New Year bonus for two thousand workers of a company whose managers have fled the country.

Securities trading floors lit red, billionaires lose trillions of dong

VietNamNet Bridge - The continued downward trend of the stock index has caused losses of trillions of dong to Vietnamese billionaires.

VN shares predicted to trade marginally before Tet holiday

 Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Gold prices rise significantly before Tet

 The gold prices of two Vietnamese gold bars on Monday saw significant increases of from VND70,000 (US$3.07) to VND110,000 per tael, in line with the global trend.

Mau Son cable car project cancelled due to investor problems

 Authorities of Lang Son have withdrawn the investment license of a project to build a cable car to Mau Son Mountain due to some problems related to its investors.

Gov’t to allow food importers to self declare

The Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.

Fake booze, cigars on the rise as Tet nears

The crackdown on counterfeit and smuggled wines and cigars has tightened as the Tet holiday approaches. However, it seems that the fight has not been effective, with many consumers still wary ...

Textile exports to China growing

 Though Viet Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Viet Nam National Textile and Garment Group.

Storm Sanba heading towards Vietnam

 Tropical storm Sanba formed late Sunday is expected to reach the Philippines on Tuesday and enter East Sea during Tet (Vietnamese Lunar New Year) holiday.

ATM overload at industrial zones to be heated up

To better prepare for Tet, the biggest holiday of the year, the State Bank of Viet Nam (SBV) and authorities where industrial zones locate have taken several solutions to deal with ATM overload.

Coppersmith village preserves 100-year tradition in HCM City

Craftsmen from the An Hoi Coppersmith Village in HCM City’s Go Vap District are busy with orders for the Tet (Lunar New Year) holiday, with customers crowding shops buying their famous brass incense burners.