Tourism decline hits HCM City hotel market

 A slump in tourism has hit the Ho Chi Minh City's hotel market, which saw a drop in the average rate of reserved rooms in the first six months of the year compared to the previous five years.

Ancient stones uncovered in Mu Cang Chai

 Some 20 ancient carved sandstone slabs were recently discovered scattered in fields and around villages of Tang Ghenh, Hu Tru Lin and Hong Nhi Pa in Lao Chai commune, Mu Cang Chai district, the northern province of Yen Bai.

ASEAN traditional music festival opens in Thanh Hoa

 Nine art troupes across the region have gathered at a five-day traditional music festival of the Association Southeast Asian Nations (ASEAN) in northern Thanh Hoa province, beginning on August 1.

Bankers say bad-debt ratio is not that high

VietNamNet Bridge - While economists doubt commercial banks can reduce the bad-debt ratio to below 3 percent by the end of August, bankers said the target was within reach because the current situation is not as bad as once thought. 

Another seven dead, injured by floods in northern region

 Ongoing rains and floods have left another seven dead or injured in the northern provinces of Dien Bien, Lai Chau and Son La, reported the Office of the National Steering Committee on Disaster Prevention and Control on August 2.

Using allergy medicine, young woman ages

Her facial skin was itching and swelling so Thach Thi Tha Ri, 29, went to a drugstore to purchase ointment to apply to her face. After using the 7th phial, her skin became lumpy and she looked much older.

Oversupply likely to plague VN's rubber industry for years

 With supply forecast to outstrip demand in the global market, the country's rubber industry is expected to have a difficult time over the next few years, according to the Viet Nam Rubber Association.

Tax evaders pay up $32m to Gov't

 Of the 268 businesses that owed the Ha Noi Government back taxes, 136 have paid up more than VND700 billion (US$32.1 million) after being publicly named last week, according to the city tax department.

Should Vietnam build a $520mil. museum?

 VietNamNet Bridge – The National History Museum, the largest museum in Vietnam, has a total investment of up to VND11,277 billion, not including the cost of designing the museum contents and display.

Plaintiff lawyers in French AO lawsuit determined to follow case

 Plaintiff lawyers in the lawsuit against 26 US chemical companies over their supply of chemical toxins used during the Vietnam War have expressed their firm determination to follow the case, though it could last 20 years or longer.

Prime Minister Nguyen Tan Dung to visit Malaysia, Singapore

 Prime Minister Nguyen Tan Dung will pay an official visit to Malaysia from August 7-8 at the invitation of his Malaysian counterpart Najib Rajak.

Thermal power plant built in unsuitable position: scientists

VietNamNet Bridge - The Vinh Tan 2 thermal power plant is located in an area with the strongest wind in the country, scientists say, causing serious pollution to a large area.

Educators say national-exam failure rate shows better discipline, less cheating

VietNamNet Bridge - The news that a high number of 68,700 students failed the national high school finals has caused educators to rethink their view about the test.

Waste-treatment service fees keep investors away

VietNamNet Bridge - Investors are hesitating to pour money into waste treatment projects because of unclear service fees set by local authorities.

Breathtaking scenery in Ba Be National Park

 VietNamNet Bridge – Ba Be National Park, lying 240 kilometres northwest of the capital city Hanoi in the northern mountainous province of Bac Can, has absolutely stunning vistas with dense evergreen forests.

VN lacks cash for satellite hospitals

 VietNamNet Bridge – A Ministry of Health plan to build additional satellite hospitals across the nation and upgrade existing ones lacks money and qualified personnel,

Massive imports of Chinese trucks raise concerns

The tightening of control over truck loads and the loosening of control over imports have led to the sharp increase in the number of imported Chinese trucks imported. 

Train to China now unpopular because of cost

 VietNamNet Bridge – Expensive fares and cumbersome customs clearance procedures are blamed for a big reduction in passengers travelling on the Viet Nam-China train in the last three years.

BUSINESS IN BRIEF 3/8

 Dong Nai attracts 3.42 bln USD from ASEAN countries, Nielsen survey: Vietnamese tops world for savings, Gov't debt trader to lift charter capital to US$273m, Real estate chaos surrounds Long Thanh Airport project

The most attractive bars in Hanoi's Old Quarter

 VietNamNet Bridge - After Zone 9 closed, young people and expats still had many other options for the bars as Barbetter, Yolo or Hero. These bars have a unique décor and serve customers with different tastes.

Vietnam triumphs at Vovinam Championship in Algeria

 Vietnamese martial artists secured their fourth consecutive championship title at the World Vovinam (Vietnamese Martial Arts) Championship after bagging 19 gold and five silver medals.

Fit for a King

  Hue Royal food has a long tradition that has been both recorded for prosperity and kept alive throughout the centuries.

Experts worry about quality of costly museums

A new museum project in HCM City has been met with skepticism and criticism as there are already too few visitors and too few artifacts for the number of museums the city already has.

24-year-old boy becomes Vietnam’s youngest chief pilot

 VietNamNet Bridge – Nguyen Quang Dat, 24, from Hanoi is the chief pilot of Jetstar Pacific and the youngest chief pilot of Vietnam.

What is the maximum time of house ownership for foreigners?

Foreigners can buy and own houses in Vietnam for a 50 year period. If the owners sell or give their houses to foreign institutions and individuals within that period, the recipients will have the right to possess the house for the remaining time.