Economists fear credit growth limit lifting may lead to double-dip recession

A series of commercial banks have got the nod from the State Bank of Vietnam to lift the ceiling credit growth rates. However, economists have warned that this could be a double edge knife.

Falling dry twig kills a woman on Saigon street

 VietNamNet Bridge – The accident happened on the evening of August 21 on Dinh Tien Hoang Road, Binh Thanh District, HCM City.

Why thousands of nails appeared on Hanoi’s road, the answer is found

 VietNamNet Bridge – Hanoi police have determined that nail dispersing incident on Kim Ma  Road, which made hundreds of vehicles get punctured on the evening of August 20, was an accident.

Kien’s arrest does not affect Vietnam’s football, says VFF’s Chair

 VietNamNet Bridge – After Vice Chair Nguyen Duc Kien of the Vietnam Professional Football Company (VPF) was arrested, the Vietnam Football Federation (VFF) and VPF held an urgent meeting.

Do Minh Toan temporarily runs ACB

While the Chief Executive Officer of the Asia Commercial Bank (ACB), Mr. Ly Xuan Hai, is busy to “cooperate for investigation” with police after Nguyen Duc Kien was arrested, Vice CEO Do Minh Toan will temporarily replace Hai.

Lam Dong: Wild animals rescued from 23 restaurants

 VietNamNet Bridge – The authorities of Lam Dong province joined environment police and the Wildlife Conservation Society to inspect 23 restaurants in the province on August 21.

French artists’ piano-flute gig at city conservatory

 Idecaf will host a piano-flute concert by Clement Dufour and Tristan Pfaff at HCMC Conservatory of Music at 8 p.m. on September 20.

Egypt requests 4.8 bln USD loan from IMF

 Egypt requested from the International Monetary Fund (IMF) Wednesday a loan of 4.8 U.S. dollars during a meeting between President Mohamed Morsi and IMF chief Christine Lagarde.

Hanoi, Hoi An among best Asian destinations

 Hanoi and Hoi An ancient town in the central province of Quang Nam continue be named among the top ten destinations in Asia this year by Hong Kong-based travel and trade journal, Smart Travel Asia.

Tien Minh gets first win at badminton tournament

 VietNamNet Bridge – World No 11 Nguyen Tien Minh won his first men's singles match at the Viet Nam Open-Yonex Sunrise Cup in HCM City against Indonesia's Adi Pramata on Tuesday.

U.S. Fed minutes show more urgency for monetary easing

 The U.S. Federal Reserve would lean more close toward new stimulus actions unless incoming information signifies a substantial strengthening in the economic recovery, the central bank's policy meeting minutes showed on Wednesday.

New roads cut travelling times to China

 Vietnam and China’s Ministries of Transport held a joint ceremony at the Huu Nghi Border Gate in northern Lang Son province to inaugurate the new highways linking Hanoi with Nanning and Shenzhen in China.

HAGL cancels bond listing in Singapore

 Hoang Anh Gia Lai (HAGL) said it had applied for delisting bonds worth US$90 million on the Singapore Exchange. The listing cancellation is effective from August 15.

GOVERNMENT IN BRIEF 23/8

 Meeting marks Vietnam-Laos diplomatic ties; Former NA leaders honoured with high-class orders; Dien Bien celebrates ties with Lao counterparts; Vietnam helps Laos strengthen financial skills

Ministry holds line on transportation costs

 The Finance Ministry has asked city and provincial authorities to prepare price management plans for transportation services in their localities to prevent any "unreasonable" hikes that can hurt consumers.

Three Buddhists killed as car plunges into ravine

 VietNamNet Bridge – A car carrying more than 40 Buddhists plunged into a ravine in Nghe An Province on August 23, killing three and injuring tens of passengers.

Gen Giap photos reflect comradeship

 VietNamNet Bridge – The close relationship between Gen Vo Nguyen Giap and veterans is portrayed by photographer Nguyen Trong Nghi in an exhibition which opened in the capital yesterday.

Musicologist establishes library

 VietNamNet Bridge – A Vietnamese academic who lived and taught in France for six decades before returning home in 2005 has set up a library using a collection of books, newspapers, and documents he owned.

Vietnam to train more family physicians

 VietNamNet Bridge – The development of a family doctor system in Viet Nam was handicapped by inadequate Government support, said a health expert at a recent workshop in the capital city. But, if present plans prevail, change is on the way.

Under-the-table fees push urban area land prices up

Hanoi has announced that it would take back the land from 11 enterprises because the land allocation is believed to violate the Land Law. The announcement has put the enterprises on the tenterhooks.

PM greets Cambodia Defence Ministry’s Secretary of State

 VietNamNet Bridge – Vietnam and Cambodia have maintained a time-honoured friendly and neighbourly relationship which has grown steadily in all fields, said Prime Minister Nguyen Tan Dung

It’s more difficult to charge music downloads on mobile phones than websites

Experts have warned that technically, it would be very difficult for music website administrators to collect fees from music downloads.

Sapa would become burial ground for hydropower plants?

A lot of hydropower plant projects have been implemented in Sa Pa town, a well-known tourism site, threatening to put the wonderful landscape into oblivion.

HCM City targets three-wheel vehicles

 VietNamNet Bridge – The HCM City traffic police have turned their attention to self-modified three-wheel vehicles to make sure no unregistered vehicle plies the streets.

PM urges to push corruption fight

 Prime Minister Nguyen Tan Dung called for more awareness against corruption, and perfection of policies on land use and management, and the State-owned enterprises management on August 22.