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• Singer Dong Nhi to represent Vietnam at MTV EMA 2016

  VietNamNet Bridge - After announcing the first live show in her career, HCM City's pop singer Dong Nhi has received more good news as she will be the representative of Vietnam at the MTV Awards. She has already defeated two other Vietnamese rivals, including singer Son Tung M-TP and singer-songwriter Vu Cat Tuong, to represent Vietnam at the awards. Based on the votes, MTV Vietnam decided to choose the 28-year-old singer, who will have to undergo another round of competition in Southeast Asia with six competitors: Gentle Bones (Singapore), Raisa (Indonesia), Sarah Geronimo (Philippines), Thaitanium (Thailand), Yuna and Bunkface (Malaysia).…... [read more]

• Vietnam must not be dump site

  VietNamNet Bridge - Phan Xuan Dung, chairman of the National Assembly Committee for Science, Technology and Environment (NACSTE), talks to Thời báo kinh tế Việt Nam (Viet Nam Economic Times) about the country's science and technology level. The Committee for Science, Technology and Environment was assigned by the National Assembly to supervise the enforcement of environmental laws at industrial and economic zones in the central coastal provinces, including operations at Formosa Ha Tinh Steel Co. Ltd. As chairman of the committee, what could you say about the task? A lot of lessons have been drawn from the environmental [pollution] incident…... [read more]

• New commodities exchange come to Vietnam in Q4

  Vietnam plans to launch a new commodity exchange in the fourth quarter of this year, according to a Memorandum of Understanding signed between the Singapore-listed logistics firm Straits Financial Group and the Vietnam Commodities Exchange (VNX). Vietnam plans to launch a new commodity exchange in the fourth quarter of this year The memorandum is expected to create a bridge connecting the local commodities market with overseas ones, improve the country's commodities trading and reduce risks for local producers. The commodities exchange will run from Monday to Friday and determine the price of commodities via bidding orders, reflecting the extent of…... [read more]

• Agriculture plan needs a boost: Minister

  Minister of Agriculture and Rural Development Nguyen Xuan Cuong has spoken to local media about measures to boost agricultural restructuring to further develop the sector. Vietnam has implemented an agricultural restructuring master plan for three years but in the first six months of this year, the sector recorded a negative growth for the first time. Why do you think that is? In the first six months of the year, the agricultural sector for the first time recorded a negative GDP growth rate of 0.18 percent. The agricultural sector still plays a very important part in the country’s economic development, with…... [read more]

• Foreign investment in textile & garment sector falls

  VietNamNet Bridge - Unlike two years ago, when Vietnam witnessed a wave of foreign direct investment (FDI) in textile & garment projects, the capital flow into the sector has slowed down. A series of huge projects with investment capital of billions of dollars were registered in 2014 and 2015. Experts described the investors as ‘early birds waiting to catch worms’ who believed that if they arrived in Vietnam soon, they would be able to take full advantage of the TPP (Trans Pacific Partnership) agreement, of which Vietnam is a member. However, there has been no more information about the investment…... [read more]

• Ethnics make up 14.6 percent of Vietnam’s population: survey

  The 53 ethnic minority groups in Vietnam had a total population of 13.39 million, accounting for 14.6 percent of the country’s population (91.71 million) as by July 1, 2015, a survey revealed. The General Statistics Office (GSO) released the results of a 2015 socio-economic survey of the 53 minorities on September 29. The census covers 51 of the 63 provinces and cities. There were more than 3 million ethnic minority households nationwide, a 2.2 percent anual rise between 2009 and 2015. Up to 89.6 percent of ethnics reside in rural areas, while 66.1 percent of the total population live in…... [read more]

• $135 mln paid in advance for environmental incident compensation

  Deputy Prime Minister Truong Hoa Binh has agreed to spend 3 trillion VND (135 million USD) in advance on compensating residents in the four central provices for damage from the recent environmental incident caused by Hung Nghiep Formosa Ha Tinh Steel Company. He announced the decision at a September 30 meeting discussing measures to stabilise the lives and production activities of people in Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue. According to Deputy Minister of Agriculture and Rural Development Vu Van Tam, the move aims to meet the aspiration of the people, especially those affected. Previously, on September…... [read more]

• NA Standing Committee to meet again on October 3

  The 14th National Assembly Standing Committee will convene its fourth meeting on October 3 to prepare for the legislature's second session scheduled to begin on October 20. NA Chairwoman Nguyen Thi Kim Ngan ​at the NA Standing Committee's third meeting From October 3-6, the committee will give opinions on several draft laws, including the law amending and supplementing several articles of the Penal Code No. 100/2015/QH13, the revised Anti-Corruption Law and the Planning Law.They will also debate the auditing plan for 2017, a report on the handling of voters' petitions sent to the 13th NA's 11 th meeting, along with…... [read more]

• Who will follow The Gioi Di Dong's departure out of Big C?

  VietNamNet Bridge - The Gioi Di Dong (Mobile World), the largest mobile phone distribution chain, shut down its 22 shops at Big C Vietnam after the retailer fell into Thai hands. Cdiscount, an e-commerce website, will stop operation from December 31. Prior to that, Vietnamese enterprises complained they had to stop displaying products at Big C because of the required high discount rates. Vietnamese enterprises were vulnerable in the stiff competition with foreign rivals. Hard times The Gioi Di Dong’s representative said in mass media that the withdrawal of its 22 shops from Big C is a move under the…... [read more]

• Giant rice exporter incurs huge loss

  VietNamNet Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of Vietnam's largest rice exporters, has reported an accumulative loss of VND1 trillion ($45 million). Vinafood 2’s latest report showed that the corporation has had difficulties since 2012. It made a pretax profit of VND167 billion in 2012, but then took a loss of VND268 billion in 2013 and VND900 billion in 2014. Explaining the bad business performance, Vinafood 2 blamed the stiff competition in the world market. In the high-end market segment, Vietnam has to compete with Thailand, which has lowered selling prices in…... [read more]