Sol Beach House added

Why Vietnamese are Boycotting Coca-Cola

When Coca Cola announced a $300 million expansion plan for Vietnam last October, the company faced greater scrutiny of its local operations. Investigators found that by reporting losses since 2010, and questionable loan practices, Coke has avoided paying corporate income tax. The structure of the company’s loans and accusations that the company is taking advantage of transfer pricing has sparked outrage among Vietnamese with many calling for a boycott of the world’s most popular soda.

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Morning Links: Another Rare Plant Faces Extinction in Vietnam

Here's the latest and greatest Vietnam news:

- Rich Vietnamese are into eating endangered species. (VietnamNetBridge)

- According to a recent survey, energy security is a growing public concern. (Viet Nam News)

- The investigation into the bribe-for-visa scandal has started. (Tuoi Tre)

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Morning Links: Criticism and Confusion over Recently Announced TV Laws

Here are your morning links:

- Current business environment uninviting for foreign graduates (Vietnamnetbridge)

- Criticism and confusion over recently announced TV laws (ThanhNien)

- Vietnam to review its Visa exemption policies (ThanhNien)

- Banks are starting to increase their loan rates (Straigtstimes)

- Vietnam and Italy strengthen trade ties (businesstimes)

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Vietnamese Painting Fetches Record Price at Christie’s

Nguyen Phan Chanh’s painting, entitled “La Marchand de Riz,” set a new record for Vietnamese art at Christie’s International in Hong Kong this past Saturday.

Originally valued at $75 due to a case of misidentification – a trainee labeled the piece as an unsigned Chinese work before experts identified Chanh’s signature – the winning bid was a record $390,000.

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[UPDATE] Broken Wire Leaves Southern Vietnam Powerless

Tuoi Treis reporting that a section of the 500 KV wire that connects the power grid between north and south, “fell apart,” cutting power to 22 provinces in southern Vietnam. While power has returned to much, if not all of Saigon, state energy company, EVN is still investigating the cause:

“According to Nguyen Anh Vu, an official at the national power supply corporation Vietnam Electricity (EVN). Vu said this is force majeure and EVN is trying its best to fix the situation as soon as it can. His firm is still examining the cause of the breakdown, the official said.

Huynh Minh Hai, director of EVN’s branch in the Mekong Delta province of Soc Trang, said that this was the first time such a huge incident had occurred in Vietnam over the last 100 years."

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Record Profits for Vietnam's Cinemas

For those whom frequent movie theatres, it’s probably not a surprise to learn that 2012 was a record year for ticket sales in Vietnam. The country has seen massive growth in this industry with a 514% increase between 2008 and 2012. And, of course, this doesn’t include the enormously popular Iron Man 3.

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Vietnamese Actress Gets Airline Crew into Hot Water

As the rest of the country goes about its daily routine, Vietnamese celebrities continue to make headlines. This time, it’s actress, Ly Nha Ky, whose celebrity status served as a golden ticket to the cockpit on a recent Vietnam Airlines flight. While the pilots and flight attendants were happy to have the former tourism envoy up front, the Civil Aviation Authority of Vietnam (CAAV) was less than thrilled about the incident and has finned the crew.

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Arsenal Confirms Vietnam Pre-Season Game

Arsenal Football Club has announced that it will become the first ever Premier League team to play a match in Vietnam, with the first-team squad visiting Hanoi in July as part of the Club’s pre-season Asia Tour 2013. According to their press release, the match against the Vietnam national team will take place at the 40,000 seat My Dinh National Stadium in Hanoi on Wednesday, July 17.

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Rumors of Highlands Plant That Provides 100% Effective Birth Control

Put away the condoms and birth control pills. According to Tuoi Tre, there is an ethnic minority group (Van Kieu) in the central highlands that uses a special leaf, anăng, in place of typical contraceptives. That's right! Now you can eliminate the hassles of taking pills and putting on condoms. With anăng, simply put a leaf of it in your pocket (who's wearing pants?!?) or lie on it and you’ll stay baby-free! Well, that’s the story anyway.

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Budweiser to Set up Production Facilities in Vietnam

The past decade has seen a plethora of international brands enter Vietnam’s fertile consumer market. As Vietnam’s average income has risen, brands from Pizza Hut to Starbucks have taken advantage of the country’s brand-minded consumers. Following this trend, Budweiser, one of America’s most popular beers, is setting up production facilities in SE Asia’s top beer drinking country.

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Hanoi Man Arrested with 53 King Cobras in His Car

While snakes are awesome, the idea of being with one in closed quarters is less than appealing. Well, one Hanoi man felt differently and was arrested transporting 53 of them in his car. Did we mention they were king cobras?

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