Difficulties of local property developers mean opportunities for foreign investors

Foreign investors have been flocking to Vietnam to hunt for real estate projects, which is believed to help warm up the market. However, the market price would be forced down by 50 percent at least.

A tour of Buddhist temples in Truong Sa

VietNamNet Bridge – Since time immemorial, Vietnamese fishermen have built small shrines and temples on islands in the East Sea to pray for safety and good luck during their seafaring journeys.

Telcos told to improve service

VietNamNet Bridge – Mobile operators have been instructed to increase the quality of the services they provide after an industry survey revealed that 45 per cent of 3G subscribers were dissatisfied with service quality.

RBS announces 1,400 job cuts over next two years

 Royal Bank of Scotland (RBS) on Thursday announced that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain.

BUSINESS IN BRIEF 18/5

 Mortgage loan for social housing touches 6%; VDB mobilises 4.45 trillion VND from guaranteed bonds; Ship yards go on with new orders; Hue plans to build VND 17 billion science-technology centre

Real estate troubles raise serious debate

 VietNamNet Bridge – Arguments regarding property market development, the government’s supportive measures and market perspective were bandied about by scholars,

First News releases Nick Vujicic’s third book in Vietnam

 VietNamNet Bridge – Nick Vujicic’s third book Limitless (Song cho dieu y nghia hon), which is translated by Bich Lan, was launched on May 15 in Vietnam by First News.

Living cost in HCM City cheaper than Hanoi

 VietNamNet Bridge - In 52 Asian cities that are most expensive for foreign visitors, HCM City ranks 43rd and Hanoi 38th.

Hanoi’s One-pillar pagoda restoration faces opposing viewpoints

VietNamNet Bridge – Hanoi authorities and experts have held four meetings to discuss ways to restore the One-pillar Pagoda (Chua Mot Cot) but they have yet to reach a final decision.

Japan man, 80, starts Everest ascent

 An 80-year-old Japanese mountaineer has begun his ascent of Mount Everest, his website said, in a bid to become the oldest man to reach the roof of the world.

HCM City to host world delta conference

 VietNamNet Bridge – Two of the earth's great river systems, the Mekong and the Mississippi, will be the focus of global deltaic leaders who will gather in HCM City this week for a conference.

Aussies to give $157m for development push

VietNamNet Bridge – The Australian Government will provide an estimated A$159.1 million (US$157 million) in official development assistance to Viet Nam for the 2013-14 period, the Australian Embassy announced yesterday

Foreign businesses struggle with complicated admin procedures

VietNamNet Bridge – Customs procedures were still so cumbersome that businesses had to waste much of their time, said a representative from Canon Viet Nam, which has been operating in the country for more than 10 years.

Vietnam’s poverty rate remains over 9.6 percent

 VietNamNet Bridge – Vietnam had over 2.1 million poor households and over 1.4 million families living near the poverty line in 2012, accounting for 9.64 percent and 6.57 percent of the population, respectively.

Eight records on Buddhism announced

 VietNamNet Bridge – The Vietnam Guinness Book Centre on May 16 announced eight Buddhist records on the occasion of Lord Buddha’s 2557th Birthday.

Strengthening links between Vietnam, Russia and Belarus

VietNamNet Bridge – A number of important agreements on strengthening cooperation have been reached during working sessions for representatives from the Vietnamese, Russian and Belarusian Chambers of Commerce and Industry.

Shrinking glaciers behind a third of sea-level rise: study

 Water from the world's shrinking glaciers was responsible for almost a third of the rise in sea levels between 2003 and 2009, new research showed Thursday.

North swelters in 40 degree heatwave

VietNamNet Bridge – It is 40 degree Celsius at noon and Ha Noi's streets are nearly completely empty. A few people, mainly vendors and motorbike taxi drivers, linger under the rare spots of shade, hoping for custom.

Tam wins, Tung maintains lead

 VietNamNet Bridge – Ha Thanh Tam of Vinh Binh Rice-An Giang won the fourth stage win of the Cycling to Countryside Tournament but the overall rankings for the race remained unchanged.

Bangladesh cleans up after killer cyclone

 Bangladesh began cleaning up on Friday after a killer cyclone wrecked thousands of homes along its coast while breathing a sigh of relief that the damage was not much worse.

Anti-State campaigners sentenced

 VietNamNet Bridge – The People’s Court of southern Long An province on May 16 sentenced Dinh Nguyen Kha to ten years’ imprisonment and Nguyen Phuong Uyen to six years in prison

Government’s rice purchase for storage doesn’t benefit anyone

VietNamNet Bridge – The government has to spend big money to collect rice from farmers for storage to ensure the reasonably high profits for farmers. However, involved parties all have said the solution has not benefited them.

New Horizon's crew sends "ultimatum" to Vinashinlines

Confirming to leave the ship after three days to save their lives, New Horizon's 20-member crew did sign an "ultimatum" to Vinashinlines, asking for an emergency rescue.

Dong Nai Police raises voice over expensive vehicles

 VietNamNet Bridge – The super-motorcycles worth tens of thousands of US dollars of the mobile police force of Dong Nai are the vehicles that were liquidated from the confiscated vehicles, a police official said.

National Assembly to elect new Finance Minister

As Minister of Finance, Vuong Dinh Hue has been assigned with another duty, the National Assembly will elect a new Finance Minister at the upcoming session, which will open on May 20 in Hanoi.