Gov’t to reimburse Petrolimex for fuel trading loss

The Government will cover an estimated loss of VND1.22 trillion incurred by Vietnam National Petroleum Corporation, or Petrolimex, as compensation for its joining the country’s price stabilization program. 

The students who live on traveling and singing in the public

VietNamNet Bridge – Vietnamese poor students have to take different kinds of jobs to earn their living and fund their study. Traveling from place to place--so as to sing in the public is a new job.

Dow Jones CEO resigns due to phone-hacking scandal

Les Hinton, chief executive officer of Dow Jones, resigned on Friday, as the phone-hacking scandal made him the target of criticism.

Lip-sync singers may be banned from shows

VietNamNet Bridge – Vietnamese audiences were recently very angry at some singers who were detected to lip-sync in music shows. The new decree on art performance which will be issued in August, may ban lip-sync singers from performance.

Cau River in Bac Kan driven to suicide in its upper course

VietNamNet Bridge - Hundreds of thousands of cubic meters of rock and gravelly soil have been thrown into the Cau river bed. The risks of the ecosystem changes; the current changes and the river pollution have become evident.

Eight European banks fail stress test, 16 fall in danger zone

Eight out of 90 European banks have failed a crucial stress test and another 16 banks dropped in the danger zone, the European Banking Authority (EBA) said on Friday.

First Vietnam’s Next Top Model to join international competition

VietNamNet Bridge – Khieu Thi Huyen Trang, the winner of Vietnam’s Next Top Model 2010 and Ngoc Tinh, the first prize winner of Vietnam Super Model 2010 will be Vietnamese faces at the Best Model of the World 2011 competition.

Colombia to dispatch 55,000 police for FIFA U-20 World Cup security

Host Colombia will dispatch 55,000 police to guarantee the security of the forthcoming FIFA U-20 World Cup.

When China becomes number one

VietNamNet Bridge - How will it feel when China becomes the world’s largest economy? We may find out quite soon. A few weeks ago, the International Monetary Fund issued a report that suggested China would be number one within five years.

San Diu paintings revive spiritual history

VietNamNet Bridge – San Diu ethnic paintings, meant for worship and found in the mountainous northern province of Tuyen Quang, owe much of their survival to local collectors.

GE gained first wind power turbine contract in Vietnam.

VietNamNet Bridge - General Electric has gained a contract with domestic partner for providing its wind turbines in Vietnam, setting a milestone for the firm to penetrate into renewable power industry in this Southeast Asian country.

VN athletes to plunge into World Swimming Champs

VietNamNet Bridge – Viet Nam will send four representatives to compete at the 2011 World Swimming Championship in Shanghai, which begins today, July 16, and ends on July 31.

Commercial banks report good overseas remittance this year

VietNamNet Bridge – The high growth rates in overseas remittance volume reported by commercial banks show that kieu hoi is returning after a period of decline due to the global economic crisis.

Election Council pronounces May polls resounding success

VietNamNet Bridge – The draft review report on elections for the 13th National Assembly (NA) and local People's Councils showed that voting proceeded legitimately and democratically.

Trang retains yellow jersey at national cycling tourney

VietNamNet Bridge – Despite not winning the penultimate stage of the National Women's Open Cycling Tournament - the An Giang Television Cup, veteran Phan Thi Thuy Trang from the An Giang Plant Protection team retained the yellow jersey on July 15.

Youngsters take a deep breath, shatter four records in one day

VietNamNet Bridge – Nguyen Trong Quan of Ha Noi won gold medal and set a new record in the boys' 100m surface (diving with a snorkel) with a time of 38.64 seconds at the National Youth Finswimming Championship in Da Nang yesterday.

Twin guitarists return to the stage

VietNamNet Bridge – Guitarist twins Phuong Thu and Phuong Thao will mark their comeback to the music scene with a concert at HCM City's Phu Nhuan Culture Centre next week.

EVENTS ON JULY 16-22

“Tales in the City – Community Voices”; Idol Music Event 2011 in Vietnam; Chamber Music and Ballet Suite “Monsoons”; Painting exhibition “Miscellaneousness”; The Project: Graffiti in the Alley; Music Night of Pham Duy

Italian parliament approves 70-bln-euro austerity package

The lower house of Italy's parliament on Friday approved a austerity budget worth over 70 billion euros (about 98 billion U.S. dollars) aimed at securing public finances and reassuring global markets on the country's financial solidity.

Tourists discover hidden beauty of once-forgotten destination

VietNamNet Bridge – The 17th century witnessed the rise of two trading ports: Pho Hien in the northern region, or Dang Ngoai, and Hoi An in central region, or Dang Trong.

China insists on bilateral solutions to East Sea disputes

VietNamNet Bridge - China has insisted that the East Sea territorial dispute must be dealt with bilaterally amid the push for multilateral solutions by Southeast Asian officials who will convene in a regional forum this weekend.

HCM City’s sleazy old apartments

VietNamNet Bridge – Clothes are air everywhere, electric wires interlace, walls are cracked and mossy… Old apartment blocks make HCM City untidy.

ART & ENTERTAINMENT IN BRIEF 16/7

Phillip Noyce to judge film contest in Vietnam; Hanoi museum puts on city life exhibition; Art programme to honour war invalids and revolutionary martyrs; Vietnam wins second prize at the Int’l Mozart Competition in Thailand 

Tour operators seek air discounts

VietNamNet Bridge - Small tour operators are peeved that airline companies are not co-operating with them by offering discounted tickets and allowing bulk bookings where the names of passengers can be filled in later.

SOCIETY IN BRIEF 16/7

France helps build major waste factory; War-time bomb uncovered in Vietnam kindergarten; Health inspection teams to contain epidemics; Sex-for-grade teacher ‘mismanages phone’: board; Heavy rains lash North Vietnam