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Monthly Archives: January 2015

HCMC spends more on technological research

VietNamNet Bridge – The HCMC Department of Science and Technology said more than VND121 billion (US$5.6 million) was disbursed for scientific and technological research projects last year, which was much higher than in previous years. A machine using bio-fuel to dry rubber latex created by Dr. Nguyen Thanh Quang of the HCMC University of Technology ... Read More »

Shares slide rapidly on both exchanges

Indexes on the nation’s two stock exchanges lost the previous days’ momentum, tumbling on January 30 due to the impacts of Circular 36, which limits bank lending for securities investments. The day January 30 saw the last session before the effect of the circular, and contrary to previous sessions, bank stocks dragged the market down as Vietcombank (VCB), the Bank ... Read More »

Circular will revamp stock market

Since its issuance late last year, Circular 36/2014/TT-NHNN, which set limits on how much banks can lend to stock investors, has had a strong impact on both credit institutions and the securities market. Investors fear that the total amount available for margin loans will drop dramatically after the Circular takes effect on February 1. Chairman of the Hochiminh Stock Exchange, ... Read More »

January business shutdowns up 23 percent

Nearly 11,000 businesses were dissolved or suspended their operations in January, reflecting a 23 percent increase from a year ago, according to the General Statistics Office. Of these, the number of dissolved firms, which were mostly small-and medium-sized enterprises (SMEs) was 993, with a registered capital of less than 10 billion VND (470,000 USD), while more than 9,700 companies suspended ... Read More »

40 Thai food businesses seek trade opportunities in HCM City

A delegation of over 40 Thai businesses operating in the field of food has visited Ho Chi Minh City to promote trade and investment activities. Through similar programmes, a number of Thai firms found trade and investment partners in Vietnam, said Thai Consul General in Ho Chi Minh City Panpimon Suwannaphongse. An increasing number of Thai companies have come to ... Read More »

Vietnam Airlines aims to better tap Russian market

The national flag carrier Vietnam Airlines is working towards overcoming the challenges left behind from 2014, which was one of the most difficult years for the aviation and tourism industry operating in Russia. According to representative of Vietnam Airlines in Russia, the country’s aviation market saw a significant drop of 20 percent compared to 2013, with many tourism companies and ... Read More »

THAI to downsize and reduce routes

The State Enterprise Policy Committee has approved in principle Thai Airways International’s rehabilitation plan, which was discussed in a meeting on Monday chaired by the prime minister. Measures will include a reduction of the airline’s staffing by 5,000 and cancellation of its non-performing routes. THAI is one of even troubled state enterprises. In the first nine months of 2014, the ... Read More »

“Homeland Spring” programme to fascinate OVs

The annual “Xuan Que Huong” (Homeland Spring) programme this year will be organised in Ho Chi Minh City on February 7-8 with various traditional cultural activities for overseas Vietnamese who are to enjoy the Lunar New Year (Tet) festival in Vietnam. During the event, President Truong Tan Sang will join the OVs to offer incense to Hung Kings at the ... Read More »

Da Nang to host 7th int’l firework competition

The 7th Da Nang International Fireworks Competition (DIFC) 2015 will take place in the central city on April 28-29, t he municipal People’s Committee announced on January 30. Themed “Da Nang – A symphony of Colours”, the event is expected to feature spectacular performances by five teams from the US, South Africa, Australia, Poland and the host Vietnam , who ... Read More »

Film week on Party’s founding anniversary opens

The opening ceremony of the film week in celebration of the 85th founding anniversary of the Communist Party of Vietnam (CPV) (February 3) and the lunar New Year 2015 was held in Hanoi on January 31. The screening of “Thau Chin o Xiem” (Thau Chin in Siam) depicting the time late President Ho Chi Minh spent in Thailand was premiered ... Read More »