2010February07

VnnNews – National Assembly deputies on November 23 approved five bills on the elderly, medical treatment, telecommunications, radio frequency and militia. Under the newly-adopted Elderly Law, Vietnamese citizens who are 60 years old and beyond are regarded as the elderly. The NA Standing Committee suggested that the law be applied to...

VnnNews – 2009 has been a really good year for bond offers by Vietnamese companies. Both Vietnamese and foreign investors have snapped them up. Vietnamese corporate bonds will be listed on Singaporean stock marketVincom Group earlier last week sold a $100 million issue of corporate bonds and listed the bonds on the Singapore Stock Exchange,...

Authorities of Hanoi City have allowed Kinh Bac City Development Shareholding Corporation (KBC) to replace a Japanese investor in an upscale hotel project. KBC under Saigon Invest Group will replace Japan’s Riviera Corporation in developing the Lotus Hotel project southwest of Me Tri Commune at a prime location on Pham Hung Road near...

VnnNews – If you visit Duc Tho town’s nursery school you might see a man carefully spoon-feeding children and covering them with blankets.  He is Luong Xuan Phong, believed to be the only male nursery school teacher in Vietnam. Phong did not choose the career. He was trained instead as a musician.  After the training...

Canadian agency funds quality farm produce production; Tighter credit squeezes shares ; Italian food producers seek partners in Vietnam  Hundreds of factories in the northern province of Thai Binh’s Tien Hai District are facing a desperate situation after investing in an area thought to be rich with natural gas reserves. Shoddy...

VnnNews – There are many ways to evade taxes on the sale of houses. Everyone knows them so the State loses lots of revenues. TDQ had a house in Tan Quy ward (HCM City District 7) that he purchased for 1.5 billion dong, about $75,000. Recently, he bought another house for five billion dong in the same ward.  With real estate prices...

VnnNews – Vietnamese shoemakers are celebrating a European Union (EU) committee vote to end dumping duties on leather shoes from Vietnam.  Vietnam’s total footware export revenue reached $3.2 billion by October 31, 2009, only 84 percent of the total for the same period of 2008. About half, bringing in $1.56 billion, went...

VnnNews – Vinafood 2 won a bid to export 150,000 tonnes of rice to the Philippines, which, analysts believe it will push up export rice prices. According to Saigon Tiep Thi, Vinafood 2 won the rice exporting contract at the relatively high price of $480 per tonne - much higher than previous deals.  Therefore, Agroinfo, the information...

On the sidelines of an NA session, the Justice Committee’s chairwoman said that the committee may review an eight-year prison sentence meted out to elderly labour hero Tran Ngoc Suong. Ba Suong received the Labour Hero title in 1999 and at the trial in August 2009.< /> Ex-farm boss on slush-fund charge         ...

VnnNews – It is 10am and the consulting room of the Central Paediatric Hospital is packed with parents and their children. Some children are flushed red as they repeatedly hack with winter coughs. All of them are waiting for consultation, while have fallen into impatience due to the long queue.Nguyen Minh Ngoc, mother of a four-year-old...