BUSINESS IN BRIEF 7/9

US imposes zero dumping tax on Vietnamese tra fish; Businesses face data loss; HSBC optimistic about Vietnam’s economy; Banks turn away from speculators with new mortgage offers; Gold prices climb to 10-month high

Hoang Sa Yearbook to be translated into foreign languages

Da Nang has tasked the city’s Historical Science Association to coordinate with the Foreign Affairs Department to translate the “Hoang Sa Yearbook” into foreign languagues, including English and Chinese.

First man on moon to be buried at sea: Armstrong family

 Neil Armstrong, the first man on the moon, will be buried at sea, a family spokesman said.

Despite a minus credit growth rate, banks still pocket trillions of dong

Though commercial banks keep complaining that it’s very difficult to find good clients to lend o, they still made fat profits so far this year.

Traffic accidents kill over 6,000 in eight months

VietNamNet Bridge – As many as 7,024 traffic accidents occurred across Vietnam in the first eight months of this year, killing 6,128 people and injuring 5,102 others. 

'Tested and proven' Obama asks for second term

US President Barack Obama implored Americans to grant him a second term to complete his battered crusade for change, warning of the starkest election choice in a generation. 

Vietnam attends 24th APEC Ministerial Meeting

VietNamNet Bridge – Foreign Minister Pham Binh Minh and Minister of Industry and Trade Vu Huy Hoang joined their counterparts from APEC member economies at the 24th APEC Ministerial Meeting

Four more tremors at Song Tranh hydro-power plant

In the morning of September 6, thousands of residents of Quang Nam province, panicked because of four consecutive quakes up to 3.4 on the Richter scale. In the last four days, this region suffered from 12 quakes.

Referee Vo Quang Vinh receives “2012 Gold Whistle” title

  VietNamNet Bridge – Vo Quang Vinh comes first in the selection of the best referee of Vietnam in 2012. Notably, the top three referees of last year are still in the top three of this year.

“Beeline” brand vanishes, what would happen with the mobile network?

Despite the failure with Beeline project in the Vietnamese market, the mobile network still has some big advantages which bigger mobile networks don’t have. Meanwhile, the network covets the bigger networks’ strong points.

Duong Chi Dung arrested, Ministry seeks to handle Vinalines’ floating dock

On the day information about Duong Chi Dung’s arrest was released, the Ministry of Transport met to handle the old, expensive floating dock of the Vietnam Shipping Lines Corporation (Vinalines) which was approved for purchase by Dung.

Quang Liem shines in 8th round of World Chess Olympiad

Vietnam’s top male chess player Le Quang Liem defeated Turkish current champion Dragan Solak on September 5. Liem’s victory helped improve the position of the Vietnam’s male team. Meanwhile, the female team was trounced by Indian rivals.

Late Party leader’s 110th birthday celebrated

VietNamNet Bridge – A grand meeting was held in Vinh City in central Nghe An Province on September 6 to mark the 110th anniversary of the birth of the Party’s late General Secretary Le Hong Phong.  

GOVERNMENT IN BRIEF 7/9

 President meets with OV in Vladivostok; DPRK National Day marked in Hanoi; Foreign military attachés visit Naval High Command

SBV lifts ceiling credit growth rate, but loans remain unreachable

Some commercial banks have got the go-ahead from the State Bank of Vietnam (SBV) to raise the ceiling credit growth rates to 25-30 percent, instead of the 0-17 percent rates fixed earlier this year.

President Truong Tan Sang leaves for APEC 20

Vietnam President Truong Tan Sang and delegation left Hanoi on September 6 for the 20th Asia-Pacific Economic Cooperation Leaders’ Meeting in Russia from September 6-9 and Kazakhstan from September 9-11.

Star tennis player to compete in Viet Nam

VietNamNet Bridge – The Australian Open champion, Victoria Azarenka, is scheduled to play at the Heineken Stars 2012 tennis exhibition on September 20 at Lan Anh Tennis Club in HCM City. 

Billions of dong spent on water plants, but Hanoi still thirsty for clean water

Despite the great efforts by the city’s authorities to build water supply plants, the Hanoians’ thirst for clean water has not been eased.

Dengue fever widespread in Vietnam

According to the Department of Preventive Medicine under the Ministry of Health, so far this year 26 people have succumbed to dengue fever and more than 40,000 infectious cases have been reported in the country.

UNEP calls for action to reduce health, environmental hazards from chemicals

The United Nations Environment Program (UNEP) on Wednesday launched a Global Chemicals Outlook report, urging governments and industries to reduce the growing risks to human health and the environment 

University valedictorians “cool their heels” in Hanoi to wait for jobs

Finishing universities with “excellent grade” degrees, gloried by the Hanoi People’s Committee, a lot of new university graduates have been left unemployed.

VNAT leads terraced rice field tour revamp

VietNamNet Bridge – Representatives of the Vietnam National Administration of Tourism (VNAT) and local tourist firms next week will make an advance trip to examine some terraced rice fields in Mu Cang Chai (Yen Bai),

Terje Mikkelsen to visit Hanoi for friendship gig

 

VietNamNet Bridge – Norwegian conductor Terje Mikkelsen heads to Hanoi for the Vietnam-Norway friendship concert on September 25 and 26.

Robbery on the streets of Saigon

In HCM City, there were several cases of robbery recently in which the robbers fiercely assaulted victims and also policemen who chased them. This shows that robbery has become a big problem in Vietnam’s biggest city.

Part 4: Seeking capital – a thorny path

The State Bank of Vietnam has requested commercial banks to push up lending to ease the enterprises’ thirst for capital caused by the tightened monetary policies.