BUSINESS IN BRIEF 20/10

Sri Lanka inks deal to buy Vietnamese oil; Garments face troubled times; Foreign investors sell off Vietnamese shares; Vietnamese abroad push local produce; Vinalines in tie with foreign firms to build ports

Greek assembly passes in-principle austerity bill as Athens turns into battlefield

The Greek parliament approved on Wednesday evening a fresh austerity draft bill promoted by the government as essential to avert default, as violent protests gripped the heart of Athens, turning the city into a battlefield.

More investment for sci-tech development proposed

The Ministry of Science and Technology (MoST) has proposed allocating around US$640 million from next year’s State budget for sci-tech development, an increase of 12 percent.

Microsoft Tech.Days 2011 opens in Vietnam

Microsoft’s flagship worldwide IT conference, Tech.Days 2011, today was whole day organised in Hanoi with the attendance of hundreds of IT pros, developers and end-customers.

US bank pledges US$1bln credit for wind power projects

 The Export-Import Bank of the US has agreed on a credit package worth US$1 billion for a wind power development programme in the Mekong River Delta between 2011 and 2015.

Experts say interest rate cap bubble fragile

Last week was a “burning” week of the interbank market, when the overnight interest rate soared to 20 percent per annum, and the 1-week loans jumped to 23-24 percent per annum.

Transport Minister bans his inferiors from playing golf

VietNamNet Bridge – Minister of Transport Dinh La Thang has asked transport officials to not play golf anymore.

Proposal to reduce traffic congestion

VietNamNet Bridge – The Ministry of Transport has made a proposal to the Government to adjust work and school hours in a drastic move to curb chronic congestion on Ha Noi's streets.

Vietnamese contestant to possibly enter top 15 of Miss World, experts forecast

VietNamNet Bridge – Experts of Global Beauties websites guess that Vietnam’s Thuy Vy will enter the semi-finals of Miss World 2011. Two of them forecast that the Vietnamese representative will be crowned.

Tsunami exercise held in rains

VietNamNet Bridge – In the morning of October 18, thousands of police officers, soldiers and people participated in a tsunami rehearsal in Tho Quang and Man Thai wards, Son Tra district, in the central city of Da Nang.

Public awareness of climate change issues improves

VietNamNet Bridge – Public interest in climate change issues has been considerably improved over the past few years thanks to increased communications but it would take time to make everyone have a proper attitude towards the topic.

SOCIETY IN BRIEF 19/10

Women's group reaches out to poor; Fire breaks out at schools, 11 hospitalized; Boarding school for Cham Khmer students; 100 workers hospitalized for food poisoning

Wall Street up on European hopes, bank rally

The U.S. stocks ended sharply higher on Tuesday amid strong performance in financial sector and news that European policymakers were planning a two-trillion-euro fund.

In difficult period, it’s difficult to sell goods; it’s more difficult to recover debts

As unable to access bank loans, a lot of businesses decide to “borrow” capital of partners. As a result, businesses have become both big debtors and creditors.

Rare conjoined twins await surgery

VietNamNet Bridge – The conjoined twins, born last Tuesday in Soc Trang Province, had CT scans done of all their blood vessels at a HCM City medical centre on Monday.

Tennis players apologize for quit threat

Tennis players Do Minh Quan and Dai Trang on Sunday apologized for having threatened to quit the national team following a disagreement with officials.

Voters urge President to push for higher wages

VietNamNet Bridge – Current wage policies are outdated and unable to assist citizens in coping with the rising cost of living, said President Truong Tan Sang in a meeting yesterday with voters in HCM City's District 3 and 4.

ART & ENTERTAINMENT IN BRIEF 19/10

HCMC kicks off international piano fest; Ao Dai show to mark Women’s Day; Le Kinh Tai’s art characters come out to world in to he; World police music gala in Hanoi

Activities to celebrate Vietnamese Women’s Day

Big cities in Vietnam are ready to celebrate the Vietnamese Women’s Day on October 20.

International experts urge Vietnam to perform regulatory reform

VietNamNet Bridge – The Vietnamese economy’s competitiveness can be raised if regulatory quality is improved. International experts worry that the increasing administrative burden will hold back Vietnam’s competitiveness.

SEA officials discuss integrated education in Vietnam

VietNamNet Bridge – The second Southeast Asian Ministers of Education Organisation (SEAMEO) conference on basic education opened in Da Nang city on October 18.

Clinton, NTC leaders discuss assistance, rebuilding in Libyan capital

Senior leaders of Libya's ruling National Transitional Council (NTC) on Tuesday held talks with visiting U.S. Secretary of State Hillary Clinton who pledged efforts to help rebuild the war-torn country.

Regional U21 champs to be re-organised

VietNamNet Bridge – The Southeast Asian Under-21 Football Championship will be re-organised next year, according to the Asian Football Federation (AFF).

Not playing by the rules

VietNamNet Bridge – Shoddy construction and labour accidents are often the result of poorly managed construction projects, Vietnamese and Japanese experts said at a conference on construction quality held in HCM City last week.

CIS countries seal deal on free trade zone

The Commonwealth of Independent States (CIS) members signed an agreement on Tuesday on the establishment of a free trade zone in the CIS region.