2008 September
Workers can’t pay school fees
VietNamNet Bridge – Hoang Thi Linh, a worker at Lan Anh Sewing Company in HCM City’s Phu Nhuan District, is worried about having to pay VND3 million (US$181.8) in school fees for her son who is going to 10th grade. For many workers, their children’s school fees are a big burden.“To get the money, I had to save for at least one year,”... Read more
Half of 12-yr olds have tooth decay
VietNamNet Bridge – Up to 50 per cent of 12-year-old students in HCM City suffer from tooth decay, according to a recent report by the city’s Dental Hospital. More than 80 per cent of children between 6 to 12 years old nationwide suffer from gum disease and tooth decay, according to the Ministry of Health. A lack of dental care centres and a high... Read more
NA Standing Committee investigates waste of State capital in construction
VietNamNet Bridge – State capital used in capital construction is not being used efficiently, according to the National Assembly Standing Committee’s supervisors. The construction of the Thanh Tri Bridge that cost US$458 million was delayed for several months, forcing investors to pay roughly $90,000 in interest per day. State capital for construction... Read more
Hidden cost of FDI
VietNamNet Bridge – Foreign Direct investment (FDI) in Viet Nam has brought in much needed capital, helping to boost development and create jobs. Orion-Hanel Co Ltd in Ha Noi has built a waste water filtering system which reaches the highest environmental standards in the capital city’s industrial parks, to help counter the environmental damages... Read more
Station shut down over tank fraud
VietNamNet Bridge – The Ministry of Industry and Trade on Friday asked provincial people’s committees to revoke the business licenses of 33 petrol stations that have been caught defrauding customers. Violators’ business licenses will be revoked immediately and their names published in the media.Nguyen Cam Tu, deputy minister of trade, said the... Read more
New decree aims to rev up compulsory motor insurance
VietNamNet Bridge – Deputy Director of the Finance Ministry’s Insurance Department, Pham Dinh Trong, spoke to Dau tu (Vietnam Investment Review) about the new decree regulating compulsory insurance for motor vehicles. There will also be details on punishments for violations. Owners of cars and motorbikes who don’t join compulsory insurance will... Read more
Japan to conclude FTAs with Vietnam, Switzerland
VietNamNet Bridge - Japan has struck separate basic deals with Vietnam and Switzerland to conclude bilateral free trade agreements after more than one year of negotiations. Japan has found common ground on most issues regarding how to liberalize trade with Vietnam and Switzerland, Chief Cabinet Secretary Takeo Kawamura was quoted by Kyodo News as saying at a... Read more
BUSINESS IN BRIEF 30/9
Viet Thanh securities company joins HOSE; State President praises garment businesses; Pixel Media expands operations in Vietnam; Gas prices continue to drop as demand falls Thi Vai LPG depot of PVGasRetail gas prices will continue to fall sharply in October, because of lower prices on the local and world markets, according to gas trading companies.Over the past... Read more
Imported meat unmarketable
VietNamNet Bridge – Sales of imported meat have been slowing down after dominating the domestic market for a long time as domestic consumers are now purchasing domestically-raised fresh meat. Domestic consumers now prefer domestically sourced productsCheap imported meat once dominated domestic traditional markets, supermarts and trade centres. Imported... Read more
Lots of SMEs for sale
VietNamNet Bridge – TigerInvest, a merger and acquisition (M&A) brokerage company, said it has received 670 offers to sell businesses so far this year, while the figure was just 300 last year. According to TigerInvest, it seems that more and more business owners want to sell the businesses they took great pains to build up to foreign investors as they... Read more
