An Bang - City of Ghosts

VietNamNet Bridge – “The City of Tombs” or the “City of Ghosts” An Bang has become a tourist attraction in the central city of Hue.

Unusual whirlwind ravages Hai Phong’s commune

VietNamNet Bridge – A whirlwind devastated 1,000 houses and killed several people in the northern port city of Hai Phong on June 23. A senior expert said that the whirlwind is similar as those in Central America.

Storm Haima batters North Vietnam, 4 dead

Tropical storm Haima cut a swathe through three northern and north-central Vietnamese provinces and cities yesterday, killing at least four people, leaving three others missing, and injuring hundreds of others.

Historical documents on Vietnam’s sovereignty over Paracel and Spratly islands

Paracel (Hoang Sa) and Spratly (Truong Sa) are two archipelagos offshore Vietnam. The closest point of Paracel is 120 nautical miles east of Da Nang. Meanwhile, the closest point of Spratly is 250 nautical miles to the east of Cam Ranh Bay.

Only 1% of Vietnamese enterprises do marketing via social networks

While 54 percent of international companies use social networks as an effective marketing tool, only one percent of Vietnamese enterprises use this tool.

Home appliance market restructured after WonderBuy case

Suppliers have become more cautious when doing business with retailers after WonderBuy has filed for bankruptcy. Meanwhile, analysts have every reason to believe that after WonderBuy, some more names would also disappear from the market.

Smoking may increase risk of prostate cancer recurrence, death: study

A new study from Harvard School of Public Health (HSPH) and University of California, San Francisco, researchers suggests that men with prostate cancer who smoke increase their risk of prostate cancer recurrence

Vietnam goes against market rules in IT officer training

While other countries in the world strive to produce high quality university graduates, Vietnam strives to set high requirements on students entering universities, but floats the quality of university graduates.

Draft decree on bullion gold trade raises controversy

The gold market has warmed up after the draft decree on gold bullion trade has opened for public opinions. However, worries have been raised that the new regulations would lead to the monopoly on the market.

Chinese Communist Party delegation visits VN

A high-ranking delegation of the Communist Party of China (CPC) on June 23 paid a courtesy visit to Dinh The Huynh, Politburo member, member of the Communist Party of Vietnam Central Committee’s Secretariat

Energy saving: heavy investments bring modest efficiency

Though Vietnam’s construction standards were promulgated in 2006, annual surveys in HCM City show that nearly all the buildings in the city cannot meet the standards, which leads to a high level of energy consumption.

Refinery to lose $1 mln/day in 2-month maintenance

VietNamNet Bridge – An overall $25 million maintenance for the Dung Quat Oil Refinery in central Vietnam will begin in two months starting July 15, which is expected to incur an additional loss of US$1 million per day

First VN Ambassador goes to Greece

VietNamNet Bridge – Vu Binh, the first Vietnamese Ambassador to Greece, presented his credentials to Greek President Karolos Papoulias on June 20.

Vietnamese consumers turn their back to Chinese motorbikes

Chinese motorbikes, which once flooded Vietnamese market, have become unpopular though they are much cheaper than Vietnam made products.

Lam Dong calls for investors of wind power projects

VietNamNet Bridge - Authorities of the Central Highlands province of Lam Dong are calling for more investment into wind power projects as the province holds huge potential of wind power of up to 22,000MW, a local official said.

Strange houses in Vietnam’s most northern province

VietNamNet Bridge – Two-story, clay-made houses which are hundreds of years old, are unique architectural works of Nung ethnic minority people in Ha Giang province.

Hydro-electric plants lack safety controls

VietNamNet Bridge – Small hydroelectric plants play an important role in devel-oping the socio-economy at a local level, but they are also a danger to residents.

BUSINESS IN BRIEF 24/6

Ministry rejects power price hike; Few faulty Toyota cars sent for repair; Vinacomin to mine coal near Red River; Vietnamese exports to Mexico hit US$72 million; Food exports drive up local prices     

Foreign contractors must give priority to recruiting Vietnamese

“Foreigners who enter Vietnam to implement contracts or projects won by foreigners in Vietnam must give priority to recruit Vietnamese to do the jobs that Vietnamese are capable to do…”

U.S. Fed downgrades growth forecast this year

The U.S. economy is expected to grow between 2.7 to 2.9 percent this year, a downward revision from the April forecast, which saw growth possibly at 3.1 to 3.3 percent, said the Federal Reserve in a statement on Wednesday.

Sugar plants find it hard to sell electricity to EVN

The fact that the Electricity of Vietnam, the only wholesale buyer, always set the purchase prices at low levels do not encourage sugar plants to invest in power.

Experts ring alarm bell over heavy drain on iron ore reserve

Ores, minerals and raw materials have been exported in masses, especially to China. Meanwhile, Vietnamese enterprises have to import the materials to maintain domestic production.

Ocean life facing mass extinction: study

Global warming, overfishing, and other man-made problems are pushing life in the oceans to the brink of a mass extinction unprecedented in millions of years, a study showed on Tuesday.

China warns US, deters neighbors

China, on June 22 urged the US to not get involved in the East Sea disputes. Beijing said that the US’ involvement may make the situation worse.

Two more sites expect UNESCO recognition

The Phong Nha – Ke Bang National Park and the Citadel of the Ho Dynasty of Vietnam are among 37 heritage sites proposed for inscription into the UNESCO World Heritage List as natural and cultural properties.