Banks’ policy to restrict lending keep SMEs away

Banks have announced that they will restrict the lending to non-production sectors. However, the policy has narrowed the banks’ door to small and medium enterprises (SMEs) and they have to borrow money under the mode of consumer credit.

Demand for rental housing far outstrips supply of loan money

VietNamNet Bridge – General Secretary of Viet Nam Real Estate Association Nguyen Van Minh spoke with Hai quan (Customs) Newspaper about rental housing as labourers experience a shortage despite unsold apartments being available.

China announces 2nd increase in benchmark interest rates this year to tackle inflation

The People's Bank of China (PBOC), the central bank, announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning Wednesday.

HIV strategy focuses on gender norms

VietNamNet Bridge – Nguyen Thi Thanh (not her real name), who lives in Ha Noi's Dong Anh District, was completely isolated after word got out she was HIV-positive after contracting the virus from her husband six years ago.

Van Rompuy: Reforms needed to save European model

EU President Herman Van Rompuy said Tuesday that the comprehensive package of economic measures approved last month was necessary to save the European social model.

The life of emigrants in Hanoi

VietNamNet Bridge – In a slum on the banks of the Red River, soiled kids playing in the middle-ground of the river, etc. are shown in impressive images at an installation exhibition entitled “Nomads in city”.

McDonald's seeks to hire 50,000 people across U.S.

McDonald's Corp. announced Monday the company and its franchisees launched an ambitious campaign to recruit 50,000 people on April 19 to its already massive workforce of 600,000 in U.S. and 1.7 million world-wide.

British foreign minister to visit Vietnam

Jeremy Browne, British Minister of State will pay a visit to Hanoi and Ho Chi Minh City from Tuesday to Thursday this week to boost Vietnam-England bilateral relation in major sector includes diplomacy policy, education, commerce and investment.

Artist imagines high-density living

VietNamNet Bridge – A tall building breaks through the white clouds like a rocket and rises high up into the sky. People live close to each other in this building, peacefully and harmoniously. 

Sai Gon River redevelopment plan out soon

VietNamNet Bridge – HCM City in June will approve a detailed plan to redevelop the seaport area along the western bank of Sai Gon River, according to a source from the municipal People's Committee.

GOVERNMENT IN BRIEF 6/4

Vietnamese, Cambodian NA strengthen ties; US defence official visits Viet Nam; Lao PM receives delegation from Vietnamese province; Vietnam confers Gold Star Order on Lao security forces

European dancers and choreographer to join Vietnam’s Universal Steps

The organizing board of the second Universal Steps, the Vietnamese version of the world-famous “Dancing with the stars” show, has invited ten professional dancers and a choreographer from Europe to join the show this year.

Vietnamese woman to be jurywoman of Mrs. USA 2011

VietNamNet Bridge – Dr. Doan Thi Kim Hong has been invited to join the judge’s panel of Mrs. USA 2011 pageant. She is the first foreign jury member of this beauty contest.

BUSINESS IN BRIEF 6/4

Inflation threat lingers on the back of petrol price hike; Retail sales see slower growth in first quarter; Securities firms to tighten risk controls; Sacombank secures global credit facility; Agricultural imports still too high

Russia launches manned spacecraft

Russia launched a spacecraft with three astronauts on board from the Kazakh Baikonur space center early on Tuesday, Xinhua correspondents reported from the site.

Original ceramic houses of ancient Vietnamese

Doan Anh Tuan, Director of the UNESCO Center for Research and Preservation of Vietnamese Antiques, owns a unique collection of ancient ceramic houses in Vietnam.

UN says pro-Gbagbo forces ready to end fighting

The United Nations Operation in Cote d'Ivoire (ONUCI) on Tuesday received three telephone calls from senior military personalities who indicated that an order to end fighting had been issued to the Defense and Security Forces

Toyota Vietnam technical flaws spark public outrage

VietNamNet Bridge - Toyota Vietnam drew broad public criticism after it refused to recall nearly 9,000 cars that it admitted to have technical flaws.

Kuwait's amir appoints former PM to form new cabinet

Kuwait's Amir Sheikh Sabah Al- Ahmad Al-Jaber Al-Sabah on Tuesday reappointed former Prime Minister Sheikh Nasser Al-Mohammed Al-Sabah to form a new cabinet, the official KUNA news agency said.

VN opposes US statement on Cu Huy Ha Vu’s trial

VietNamNet Bridge - A statement by the Acting Deputy Spokesperson of the US Department of State relating to a trial against Cu Huy Ha Vu on April 4 was an intervention in Vietnam’s internal affairs.

TEPCO detects radioactive seawater 7.5 mln times the legal limit

Tokyo Electric Power Company (TEPCO) said Tuesday that it had detected radioactive seawater in the Pacific Ocean with a concentration of radioactive iodine many million times the legal limit.

New toad species found in Vietnam

Australian and Vietnamese scientists have found a new species of toads in Bi Doup - Nui Ba National Park in the Central Highlands Province of Lam Dong.  

High-technology projects keep flowing to Vietnam

VietNamNet Bridge – Though the world’s economy has to completely recover from the global financial crisis, high-technology investors, especially international groups, are still pouring money into projects in Vietnam.  

Vietnam-born orphan tipped to head German party

A surgeon who was adopted from a Vietnamese orphanage emerged Monday as the favourite to lead German Chancellor Angela Merkel's junior coalition partners after the embattled party head stepped down.  

Hanoi searches for the second ancient turtle

The group of workers and underwater commandos who caught the Hoan Kiem turtle on April 3 is searching for the possible second turtle in the lake after discovering big bubbles on the surface.