Limited policy firepower major challenge for U.S. economic recovery: IMF

A main challenge facing the United States is to effectively use the limited policy firepower to bolster its economic recovery in the near term, the International Monetary Fund (IMF) said on Tuesday.

Overseas workers save $15,000 in three years

VietNamNet Bridge – Overseas contract workers from Viet Nam return home with up to $15,000 each in savings after three years, statistics show.

Few foreigners aware of new VAT-refund policy

VietNamNet Bridge – The new refund policy for value-added taxes paid by visitors to the country on products they have purchased has been in place for three days at HCM City's Tan Son Nhat International Airport.

Police search Sarkozy's home, office in illegal financing probe

French police launched on Tuesday a raid operation at the home and offices of former president Nicolas Sarkozy as part of the investigation into suspected illegal financing of his 2007 election campaign by L'Oreal heiress Liliane Bettencourt.

Viet Nam out of depth in London swimming

VietNamNet Bridge – Viet Nam has failed to secure a berth in the swimming competitions at the London Olympic 2012.

Vietnamese sand paintings introduced in the UK

VietNamNet Bridge – Vietnamese sand paintings will be exhibited in Birmingham city, the UK, on July 7, under the Pure Art program.

Futsal teams set to compete on Han River location

VietNamNet Bridge – The central coastal city will host a futsal (indoor football) tournament – the Larue Cup – in East Park on the banks of the Han River from July 10-15, the organising committee announced yesterday, July 3.

Venezuela heritage goes on show

VietNamNet Bridge – Local culture, agriculture and handicrafts of Venezuela were presented to Vietnamese people through a photo exhibition that opened yesterday in Ha Noi.

Nation promotes strategic relations with Russia

VietNamNet Bridge – Minister of Foreign Affairs Pham Binh Minh has discussed future co-operation between Viet Nam and Russia during a five-day official trip.

Corruption probes uncover 49 cases

VietNamNet Bridge – Forty-nine cases of corruption in State organisations and companies with a total value of VND133 billion were uncovered nation-wide in the first six months, said Government Inspectorate deputy chief Le Tien Hao.

It’s time to adjust dong/dollar exchange rate

Some bankers have urged the State Bank of Vietnam to regulate the dong/dollar exchange rate in a flexible way to ensure the harmonization of different economic goals, instead of trying to stabilize the exchange rate somehow.

Children's paintings on war, peace on show in HCM City

VietNamNet Bridge – Paintings and a poem by Japanese and Vietnamese children expressing their feelings and thoughts on war and peace are on show at the HCM City War Remnants Museum.

Sweden backs Mekong Commission

VietNamNet Bridge – The Swedish Government last week provided US$8.5 million to the Mekong River Commission (MRC) to strengthen its management and develop water and related resources in the Mekong's lower basin.

7.0-magnitude quake shakes New Zealand, causing no damage

A 7.0 magnitude earthquake hitting off New Zealand North Island's south Taranaki coast Tuesday was the largest of the region in more than 100 years, New Zealand government geological agency GNS Science said on Wednesday.

Mekong Delta farmer propagates unique longan variety

A farmer from Soc Trang Province has successfully propagated a unique variety of violet longan fruit that has now become hugely popular with people willing to pay exorbitant amounts for both the fruit and the sapling.

GOVERNMENT IN BRIEF 4/7

NA Chairman’s visit hailed in Lao press; Cuban leader to visit Vietnam; President sends Independence Day greeting to Obama; CPV delegation on African tour

Delta riverbank erosion casts poor families out of homes

Hundreds of families living along eroded river banks in the Mekong Delta Province of An Giang are too poor to build houses and move to safer areas, while authorities are unable to provide all of them with "resettlement" houses immediately.

Vietnamese Internet community can see latent disasters from Baidu Tra da quan

he fact that Baidu Tra da quan (ice tea shop) social network, belonging to Chinese Baidu group, turning up in Vietnam--has raised big worries among the Vietnamese Internet community.

University entrance exam proctors worried with new invigilation regulations

The fact that six proctors have been dismissed after they were discovered in helping students cheat at the finals has raised big worries among teachers.

Pakistan reopens NATO supply routes after U.S. apology

Pakistan on Tuesday night announced that it is reopening land routes for NATO forces in neighbouring Afghanistan after U.S. Secretary of State, Hillary Clinton, apologized over the killing of 24 Pakistani soldiers in last November airstrike,

Gov’t continues giving priorities to stabilising economy

VietNamNet Bridge – Cabinet members and leaders of centrally-run cities and provinces have agreed to continue giving priority to curbing inflation and stabilising the macro economy for 2012 and the coming years.

Foreign man controls traffic in Hanoi

VietNamNet Bridge – A foreign man became an “unwilling traffic policeman” to ask drivers to go on the right way. However, some did not follow his instruction.

British scientists discover new pathway to treat mouth cancer

A protein that is overactive in mouth cancer and encourages tumors to grow could be a new pathway for treating the disease, a study showed on Monday.

Technology companies wait promised preferences in desperation

Though the government promises to give investment incentives to technology companies to encourage investment in the sector, in fact, the companies can hardly get the preferences.

Sea water rises, threatening to eliminate Mekong Delta

Mekong Delta and HCM City would suffer most if the sea water rises by two meters. If so, the delta would be nearly eliminated with 92 percent of area to be inundated.