SBV seeks to curb bank cross ownership

 VietNamNet Bridge – Governor of the State Bank of Viet Nam Nguyen Van Binh has committed to take more measures against cross ownership in local commercial banks to make the banking system safer.

Vietnam ranks 99th for Ease of Doing Business

 VietNamNet Bridge – This year, Vietnam is ranked 99 out of 189 economies, signaling that the country needs to do even more in order to improve its position on the list.

Toyota Classics 2013 to take place in Hanoi

 VietNamNet Bridge – Toyota Classics 2013 – the 16th of the annual concert in Vietnam - is scheduled to take place at the Hanoi Opera House on November 5 with the spotlight on Eastern European rhythms.

Vietnam collects medals at Asian Youth ParaGames

 VietNamNet Bridge – Vietnam has claimed 15 gold medals at the Asian Youth ParaGames after four days of competing in Malaysia.

Vietnam, US hold defence dialogue

 VietNamNet Bridge – The US is keen to strengthen its ties with Vietnam and other ASEAN member countries on the basis of trust building in cooperation areas.

Natural and human-made calamities rushed down in central region

The central region has suffered from 11 typhoons and floods so far this year. It has also incurred the human-made floods when hydropower plants discharge water. Tens of thousands of families lead a destitute life.

Foreign firms caught with pirated software

 VietNamNet Bridge – A group of technology police inspectors say they have found pirated software worth 10 billion VND (476,190 USD) being used by six foreign companies in Hanoi.

Commercial banks told not to open more branches

 VietNamNet Bridge – The State Bank of Vietnam believes that the number of bank branches and transaction offices is now “bigger than enough.” However, banks still have been trying to set up more branches.

Binh Thuan faces tourism staff shortages

 VietNamNet Bridge – The south-central province of Binh Thuan, a major tourism hub with coastal resorts, faces a lack of trained staff for the tourism industry, particularly in management.

Local firms also take blame for officials’ corruption

 VietNamNet Bridge – Local enterprises have become more actively involved in bribe taking and giving in a vicious cycle that they should somehow be able to escape, said an expert from the World Bank in a seminar in HCMC last week.

Mountain of four-season flowers in Sapa

 VietNamNet Bridge – Not only being the best place to see Sa Pa, Ham Rong Mountain is also known as a royal garden with blooming flowers all year round.

Steve Jobs' boyhood home gets 'historic' designation

 A Silicon Valley city has designated the boyhood home of Steve Jobs an "historic resource" due to the way the legendary Apple co-founder went on to change the world.

Sadness of the “titan” family

 VietNamNet Bridge - With a height of approximately 2.1 m, Mrs. Lang is the shortest among her siblings.

Art & Entertainment Highlights for October 31

 Twenty countries to participate in Taste of the World 2013; 2013’s largest online book festival in November;

Twelfth storm of the year rumbles toward central coast

Viet Nam is likely to experience its 12th tropical storm this year.

BUSINESS IN BRIEF 31/10

 Vinaconex sells debts in Cam Pha Cement; SBV outlines scheme to stabilise forex, gold rates; Nokia and FPT ink agreement; HCM City economy runs into difficulties; New Zealand to export potatoes to Vietnam

Autumn - the most beautiful days in Hanoi

 VietNamNet Bridge - The seasonal rains, cool winds, sweet scent of milky flowers, sunshine on yellow leaves, ... the fall has come to Hanoi, gentle and subtle.

VN novel wins SEA Writer award

 VietNamNet Bridge – Vietnamese writer Thai Ba Loi has been awarded this year's Southeast Asian Writers Award by the Thai Royal Family.

Legal loopholes make debt collection an arduous task

 VietNamNet Bridge – Most commercial banks say it takes time and money to recover debts through legal procedures.

The beauty of Vietnam’s last Queen

 VietNamNet Bridge - Known as the queen of the last feudal dynasty in Vietnam, Queen Nam Phuong is known for her matchless beauty.

Controversial Dong Nai 5 and Dong Nai 6A hydropower projects rejected

 VietNamNet Bridge - Hundreds of hydropower projects, including Dong Nai 6 and 6A, the two projects had caused many mixed opinions about the environmental impacts, will be removed from the national hydropower development plan.

Telepaths arrested for faking war martyr remains

“Telepath” Nguyen Van Thuy and his wife, Man Thi Duyen, who is also a “telepath,” were arrested for investigation of faking war martyr remains, earning hundreds of thousands of USD from the Bank for Social Policies of Vietnam.

Vietnamese comic book on sovereignty stirs up Chinese concerns

 VietNamNet Bridge – The Chinese press has given many pages recently on Vietnam’s first comic book affirming sovereignty over the Spratly and Paracels archipelagos.  

Vietnam xiangqi stars to compete in World Mind Games

Vietnam xiangqi masters Uong Duong Bac and Nguyen Hoang Yen have qualified for the third SportAccord World Mind Games in Beijing this December after their excellent performances at the recent World Xiangqi Championships.

National report: Interbank market hot, no pressure on exchange rate

In its latest report about the macro economy, the National Finance Supervision Council highlighted the heat in the interbank market, where the trading value reached the highest peak so far this year.