Some more banks to undergo restructuring

More commercial banks have got the go-ahead from the State Bank of Vietnam on their restructure plan.

BUSINESS IN BRIEF 31/10

 IT investors seek more space;  SBV claims bad debts are falling;  Shrimp exports fall as stocks decline; HCMC posts positive economic signs; Vietnam ranks 53rd in global prosperity index; Hanoi to host donors meeting in December

Son Tinh claims 7 lives, surmountable efforts made

 VietNamNet Bridge – Son Tinh, the eight storm to hit Vietnam this year, had left seven dead, five missing and 43 others injured as by October 30, reported the Central Steering Committee for Flood and Storm Prevention.

Vietnam announces green growth strategy

 VietNamNet Bridge – Restructuring and completing economic institutions for green growth is the major component of the national green growth strategy announced by the Ministry of Planning and Investment (MPI) on October 29.

Ford posts record profits despite Europe losses

Ford posted a record third quarter profit of $1.6 billion as strong growth in North America offset major losses in Europe, the number two US automaker said Tuesday. 

Khanh Hoa: Boy loses his bladder in inguinal hernia surgery

  1. Cam Ranh Hospital carried out an inguinal hernia surgery for a child of 21 months of age. A few hours later, the baby’s belly was swollen up and he could not pass water. It turned out that doctors “mistakenly” cut off half of the baby’s bladder.

Two sentenced to prison for anti-State activities

 VietNamNet Bridge – Tran Vu Anh Binh, 38, and Vo Minh Tri, 34. were sentenced by a court in HCM City yesterday to six years and four years in prison, respectively, for activities against the State.

Many more Chinese bras contain unknown substances

21 Chinese bras containing 2 bags of liquid substance and 3 white tablets were seized in the central province of Thua Thien - Hue on October 30. Phu Yen authorities also sealed 20 bras while Da Nang discovered 3.

Additional authority for the President in the Constitution

  VietNamNet Bridge – The President may request the Government to meet for discussing the issues relating to the duties of the President; appoint the Chief of General Staff and military leaders, Admirals.

Russia to build nuclear technology center in Vietnam

  VietNamNet Bridge - The Russian government will build nuclear science centers in Hanoi and Da Lat city, in Lam Dong province, in the Central Highlands.

Vietnam's cargo ship sinks in Sri Lanka, four sailors missing

Shipping wood from Myanmar to India, the 6,500-ton cargo ship met an accident in the waters of Sri Lanka and then lost contact. After more than 10 hours of searching, 18 crew members were rescued; four people are still missing.

Asia's mega-cities badly exposed to superstorms

 The hammer blow dealt to New York by superstorm Sandy should raise the alarm for coastal mega-cities in Asia which are more exposed but less equipped to deal with such threats, experts said on Tuesday.

National squad set for friendlies

 VietNamNet Bridge – Viet Nam men's national football team will play two friendly matches in preparation for the ASEAN Football Federation (AFF) Cup from November 24 to December 1 in Thailand.

Greece 'reaches debt deal with creditors': PM

 Greece on Tuesday reached agreement with its international creditors on a new wave of austerity measures necessary to unlock new bailout loans, Prime Minister Antonis Samaras said.

European Council President’s visit boosts VN-EU ties

The President of the European Council, Herman Van Rompuy, will visit Vietnam from October 31 to November 2, which is seen as a display of the EU’s wishes to step up cooperation with the Southeast Asian country.

GOVERNMENT IN BRIEF 31/10

  Vietnam attends Japan-ASEAN youth leaders’ summit; PM encourages Malaysian investment; Leaders extend condolences to Cuba, Haiti; Party newspapers to boost co-operation

Superstorm Sandy smashes U.S. eastern coast

 Superstorm Sandy has killed at least 29 people and knocked millions out of power across the densely populated U.S. east coast, leaving streets flooded, houses burned and a levee collapsed by Tuesday morning.

The cash flow shows enigmatic things

The statistics released recently show many paradoxes in the finance & banking market.

Lawmakers tackle economic woes

 VietNamNet Bridge – Embracing policies to remove difficulties in the economy, surplus stock, and instability in the financial system and the stock market were the main issues discussed yesterday at the ongoing 13th National Assembly in Ha Noi.

The village of “pebble carriers”

Leaving home at 2am, people in Lien Hiep 1 hamlet in Son Tinh District, Quang Ngai province, dive in the Tra River for seven hours a day to find gravel to sell for construction material traders.

Waste motor oil recycled into high quality oil?

Engine oil discharged from cars and motorbikes has been collected for recycling, bottling and selling as genuine oil. Scientists have warned that the oil would shorten the engine life circle and cause environment pollution.

Youth set out on journeys of self-discovery

 VietNamNet Bridge – He describes himself as an artist, designer, photographer and animal rescue volunteer, but 21-year-old Tidus Fair is about to add a new string to his bow - global explorer.

Unemployment rate up, university graduates keep pessimistic about future

The increasingly high number of bankrupted or dissolved businesses means fewer job opportunities for new university graduates.

Travel firms face quiet inbound tourism season

From September onwards to early next year is the high inbound tourism season in Vietnam. However, the number of foreign travelers to Vietnam so far this year remains modest, so October is nearly ending.

Vietnamese social networks change themselves to live together with Facebook

“Better a live coward than a dead hero” is the principle followed by Vietnamese social networks now. They understand well that in order to exist, they should get out of the giant Facebook’s way.