Vietnamese telcos’ dumping destroys international VoIP call service market

In the past, inbound VoIP service providing was considered the goose that laid golden eggs because it brought fat profit to telecom groups. However, the market has been devastated by the groups themselves.

Illegal food additives flood the market

 VietNamNet Bridge – Low awareness and a lack of inspections are leading to rampant and illegal trading of harmful food additives in Viet Nam.

Thailand hosts seminar on East Sea

 Thailand joined hands with the Foreign Correspondents’ Club in Bangkok to hold a seminar on East Sea disputes on August 23, in an effort to demonstrate its role as ASEAN-China relations coordinator in the new term.

The person who only lies face down

  VietNamNet Bridge – Ms. Tran Thi An has had to lie on her stomach for many years because of an over-10kg tumor on her buttocks.

What tactics Kien used to do illegal business?

The three companies set up by Nguyen Duc Kien do not have the functions relating to finance investments, but the legal status of the companies could still be exploited by Kien to issue bonds and making finance investments.

Banks still rush to pay much for deposits, despite weak credit demand

Though the capital shortage has been eased, and it is now easier to seek capital from the interbank market or from the public, some commercial banks still accept to pay alot to attract more deposits.

Don’t be scared - enjoy Hades’ rice

 Coming to a Hue restaurant, diners will be startled with the name Com am phu (Hades’ rice) on the menu, but then will crave it with its eye-catching presentation and flavor.

Vietnam opposes Taiwan’s violations of sovereignty

 Foreign Ministry spokesperson Luong Thanh Nghi on August 23 opposed Taiwan’s plan of conducting a live-ammunition drill on Ba Binh island of Vietnam’s Truong Sa (Spratly) archipelago, saying that the act seriously violated Vietnam’s sovereignty.

ACB’s former CEO Ly Xuan Hai arrested

Investigators of the Ministry of Public Security arrested and searched the house and the office of the Asia Commercial Bank (ACB)’s former Chief Executive Officer Ly Xuan Hai on the evening of August 23, the Vietnam News Agency reported.

Three Vietnamese big guys arrested within 20 days

The public has been dazed by the sudden news about the arrest of Nguyen Duc Kien and has started in surprise that three tycoons have been arrested just within 20 days of August.

HCM City mulls reservoirs to reduce flooding

 The HCM City Center for Flood Control Programs has proposed the city’s government build two reservoirs in Thu Duc and Binh Tan districts in a trial scheme to regulate rainwater and floodtides to control flooding.

BUSINESS IN BRIEF 24/8

 Businesses sell abroad 4.5 million tonnes of rice; Auto market’s recovery drive; Banks lack social risk management; Rice exports hit more than US$2 billion; Inflation reheats in major cities

Private schools hike tuition levels again

 VietNamNet Bridge – There has been no increase in tuition fees at public schools for the last two years, but private schools never fail to increase theirs every year.

Farmers question ministry on forced land acquisition

Tran Van Hai, a lawyer representing irate Hung Yen farmers, on Tuesday questioned the Deputy Minister of Natural Resources and Environment, Chu Pham Ngoc Hien, about how land belonging to farmers was revoked for a building project.

Cat Tien relic attracts thousands of tourists

 Although it hasn’t yet been exploited for tourism, Cat Tien archeological relic in Cat Tien District of the Central Highlands province of Lam Dong has still managed to lure thousands of tourists on a monthly basis.

Depositors withdrew VND5 trillion from ACB on August 22

Vice CEO Do Minh Toan of the Asia Commercial Bank (ACB), who temporarily replaces CEO Ly Xuan Hai to run the bank, said that depositors withdrew VND5 trillion ($238 million) from ACB on August 22 but the bank’s liquidity is still fine.

Hoa Phat Group rejects rumor of buying tycoon Kien’s FCs

 VietNamNet Bridge – According to a source from the Hoa Phat Group, this firm will not purchase two football clubs of Nguyen Duc Kien, who was arrested on August 20.

U.S. faces economic recession risk: research agency

 U.S. budget deficit would surpass the 1 trillion-U.S.-dollar mark and fiscal tightening next year would pose significant threat to the overall economy, according to a report released by the U.S. Congressional Budget Office (CBO) on Wednesday.

ISS orbit adjusted for upcoming Soyuz docking

 After a failed earlier attempt, an European cargo spacecraft has adjusted the orbit of the International Space Station (ISS) to create best conditions for the upcoming docking of Russia's manned spaceship Soyuz,

ART & ENTERTAINMENT IN BRIEF 23/8

 Film week celebrates friendship with Laos; Hotel offers mooncake baking class; Hanoi Carnival promises multicultural party; CAMA goes Italian at American Club; Hitting all the right notes

Two storms moving toward East Sea

 VietNamNet Bridge – The Vietnam Central Hydro-meteorological Forecast Center this morning, August 23, released first information about the Tembin typhoon, which is forecasted to enter the East Sea tomorrow.

SPORTS IN BRIEF 23/8

 Quyen wins bronze at martial arts champs; Indonesia to take part in int'l U21 football tourney; Da Nang awards local football team VND1 billion;  Run for children to kick off at Thien Quang Lake

VN wins two silvers at Asian Wushu Championships

 VietNamNet Bridge – Vietnamese martial artists won two silver medals on the second day of the 2012 Asian Wushu Championships taking place at Phu Tho Gymnasium, HCM City.

Google online maps embark on Arctic adventure

 Google set out to take users of its free online mapping service on an Arctic adventure with help from an Inuit community in the Canadian tundra.

SOCIETY IN BRIEF 23/8

 Schools asked to continue classes on traffic safety; St Paul Hospital to be upgraded; Bird flu spreads across Quang Ngai; Dien Bien determined to fight rabies; UNFPA supports youth development strategy