Inter-bank trading increases, says SBV

 Transactions in the inter-bank market increased significantly over the last week due to rising demand, the State Bank of Viet Nam (SBV) reported.

Vietnam-RoK Professional Boxing Tournament to open in October

 The Vietnam – Republic of Korea Professional Boxing Tournament will take place on October 3 at Nguyen Du Gymnasium in Ho Chi Minh City, according to organisers.

UK firm makes master design for Dung Quat oil refinery’s expansion

The UK’s Amec Foster Wheeler Energy Limited (Foster Wheeler) has been hired to outline a master design for the project to expand and upgrade the Dung Quat oil refinery, which is expected to increase its capacity to 8.5 million tonnes per year.

HCM Police stop fight between armed gangs

 HCM City Police 113, a rapid response force, arrested four people involved in a violent gang clash, though six suspects escaped.

Newspapers fined for ‘untrue news'

 The Ministry of Information and Communications has issued a decision to fine two newspapers for publishing untrue information.

VN State to free more than 18,000

 More than 18,000 inmates in prisons and detention centres across Viet Nam are set to be released early, with 34 foreign inmates among them.

PM asks for building of international-level universities

 The Prime Minister has urged upgrades of Hanoi National University and Ho Chi Minh City National University to exceptional tertiary education facilities towards regional and international standards by 2020.

Overseas Vietnamese glad to return home on National Day

 Many Vietnamese expatriates have expressed their delight to return home on the occasion of the 70th anniversary of the August Revolution (August 19) and National Day (September 2).

VN President to attend anti-fascist war victory in China

 State President Truong Tan Sang will travel to China to attend the 70th anniversary of the global anti-fascist war victory on September 3, according to a Foreign Ministry press release.

President’s decision on amnesty announced

 The President’s Decision on Amnesty was announced at a press conference in Hanoi on August 28 on the occasion of the 70th anniversary of the August Revolution (August 19) and National Day (September 2).

Vietnam Coast Guard High Command celebrates 17th birthday

 The High Command of the Vietnam Coast Guard (VCG) was bestowed the title “Hero of the People’s Armed Forces in the Reform Period” at a ceremony marking its 17th founding anniversary in Hanoi on August 28.

Vietnam, China hold fifth negotiation round on cooperation at sea

 Working groups of Vietnam and China held the fifth round of negotiations on cooperation for mutual development at sea in Liaoning province (China) from August 25-27.

President receives outgoing Nigerian Ambassador

 President Truong Tan Sang spoke highly of the contributions made by Nigerian Ambassador to Vietnam Mazi Okafor Matthias Ojih to enhancing bilateral relations between two countries during his tenure in Vietnam.

How many special economic zones does Vietnam need?

Three special economic zones (SEZ) in Van Don (Quang Ninh province), Van Phong (Khanh Hoa) and Phu Quoc (Kien Giang) are still on paper, while HCM City is moving ahead with a plan to set up an SEZ there.

Social News 29/8

 Fine might up to $1,800 for overloaded vehicles, Fishermen still missing in Binh Thuan province, Vietnam labor productivity far behind ASEAN countries, Traffic accidents claim 5,821 lives in eight months

Vietnam has reasons not to sharply devalue the dong

VietNamNet Bridge - If Vietnam devalues the dong sharply, regulatory agencies will find it difficult to implement the plan to slash medium- and long-term bank loan interest rates, and the public debt will become worse.

Ash treatment required before thermal-power plant construction

VietNamNet Bridge - The government has told investors not to build coal thermal power plants if they don’t have solutions to treat ash, thus causing pollution.

In photos: The busiest road in Nha Trang

 VietNamNet Bridge - Visitors to the famous beach city of Nha Trang all choose Tran Phu, the busiest coastal road, as the center for all activities during their holidays. 

Solar power needs state support to spark in VN

 Foreign investors are showing interest in Vietnam’s infantile solar power sector, although a lack of state support mechanisms may hinder progress.

WB gauges public service delivery

 The World Bank has gained public service users feedback to help specific agencies judge their performance and take remedial action where needed.

Unemployed university graduates beg for jobs

A young man, introducing himself as a new university graduate and a young father who needs money to buy milk for child, was seen standing on a Hanoi street with a board in his hands, showing that he wanted a job.

Too much of a bad thing

 Modern technology has a lot going for it but parents must keep an eye on how long their kids use it and what they use it for.

VND devaluation won’t affect public debt: economists

VietNamNet Bridge - Contrary to all predictions, economists have reassured the public that the weaker dong will not worsen the public debt burden of the state.

VN's poverty rate falling as services improve, survey

 The poverty rate has reduced dramatically in rural households from 27.1 per cent in 2012 to 13.2 per cent in 2014 while access to public services such as vocational and educational training and health care has improved.

Free violin classes at Saigon downtown park

 On Saturday and Sunday mornings, visitors to Tao Dan Park in Ho Chi Minh City’s District 1 can hear the sweet sound of violin coming from a corner in the park.