GOVERNMENT IN BRIEF 29/11

President reaffirms nation's solidarity with Palestinians; Get-together marks Vietnam-Romania diplomatic ties; Seminar honours political theorist Friedrich Engels; Cultural events mark anniversary of diplomatic ties with Cuba

SOCIETY IN BRIEF 29/11

Needy children receive free surgeries; Two int’l companies commit to reducing drug prices; Australia to fund joint research on poverty; City customs officials destroy opium

Double digit inflation to flag belt tightening

Inflation is moving into double-digit territory with further monetary tightening needed to cure the pain.

Constant quakes frighten northern Vietnam residents

Fourth earthquake in around two months struck the northern province of Thanh Hoa Saturday, panicking locals.

BUSINESS IN BRIEF 29/11

Audit targets VN-Russia oil and gas companies; Overseas investments struggle; Can Gio mangrove forest’s brand name promoted

SOS: many industrial zones, few nursery schools

Southern provinces have been witnessing the impressive economic growth in recent years. However, it seems that the localities are too busy building industrial zones, while not paying attention to developing nursery schools.

Real estate for consumption or investment for profit?

It is necessary to create favorable conditions for groups of low income earners in to obtain accommodation and prevent speculation-for-profit of some groups.

VNR500: Private enterprises still cannot top the list

In the 2010 VNR500, private enterprises still bottom the list in terms of business efficiency with business results much lower than that of state-owned enterprises and foreign invested enterprises.

Vietnam’s Internet market: the age of FTTx begins

Experts have also warned that other service providers, though joining the market later than the three giants, will still be redoubtable rivals because they will immediately master technologies when they join the market.

Stock market keeps falling, “securities players” suffer from depression

Though the plunge of the VN Index has stopped and increased slightly in the last four trading sessions, securities investors still are recovering from the big losses.

Only businessmen can afford tickets for Tet flights

The national air carrier Vietnam Airlines has announced it plans to launch tens of thousands air tickets into the market. However, booking agents say they still have not seen the tickets.

Vietnamese movie takes two prizes in Sweden

VietNamNet Bridge – “Bi, Don’t Be Afraid” by Phan Dang Di, the only Asian film at the Stockholm International Film Festival, won two prizes, Outstanding First Film and Best Cameraman, on November 27.

National football squad confined to hotel rooms before AFF Cup

VietNamNet Bridge – Four days before the ASEAN Football Cup (AFF) 2010, coach Henrique Calisto asked his players to not leave La Thanh Hotel in Hanoi, where the team is located.

Record compensation for “golden land” in Hanoi’s centre

VietNamNet Bridge – The investor of a shopping mall project in the corner of Hang Bai – Hai Ba Trung streets has offered the highest ever compensation in Vietnam: VND500 million ($25,000) per a square meter of land.

50 Chinese disabled artists to perform famous dance in Vietnam

VietNamNet Bridge – A troupe of 50 Chinese disabled artists will have a special performance at the Hanoi Opera House on December 2.

Pharma executive arrested for alleged securities fraud

VietNamNet Bridge – Le Van Dung, chairman and general director of Duoc Vien Dong Pharmaceutical Company, has been detained by police for alleged securities price manipulation.

Tidal erosion topples Quang Binh homes

VietNamNet Bridge – High tides and floods have led to the collapse of more than 10 houses in Quang Binh Province's Bo Trach District. Hundreds of households have also been evacuated.

Central Vietnam alerted with oil spill

Three provinces in central Vietnam – Da Nang, Quang Nam and Quang Ngai – have prepared equipment and personnel to cope with an oil spill after a Chinese oil tanker was sunken near Vietnam’s Ly Son Island in early November.

Nine to be tried for embezzlement

VietNamNet Bridge – The Supreme People's Procuracy is prosecuting nine people for embezzling more than VND3.4 billion (US$173,400) in a bridge project in Quang Ninh Province funded with Japanese Official Development Assistance.

Ha Noi employers dangle higher paychecks to attract workers

VietNamNet Bridge – Businesses in the capital have been pushing up salaries to attract employees in the final months of this year, labour management agencies report.

Six provinces and cities selected for national tourism years

VietNamNet Bridge – Deputy Prime Minister Nguyen Thien Nhan agreed to organize the National Tourism Year in some locations from 2012 to 2017.

Hanoian collector of old clocks

VietNamNet Bridge – Nguyen Trung Dung has a great passion for old clocks and watches. He has collected hundreds of clocks and watches in the last 20 years.

Daycare worker to face abuse charges

VietNamNet Bridge – Tran Thi Phung, who was caught abusing a three-year-old girl in a video clip disseminated online, was prosecuted and held in custody at the order of the People's Procuracy in Binh Duong Province's Thuan An District.

Chess federation lauded for aiding development

VietNamNet Bridge – President Nguyen Minh Triet hailed the role of the International Chess Federation (FIDE) in promoting chess in developing countries upon receiving its President Kirsan Ilyumzhinov on his official visit yesterday, Nov 28.

PM grants licence to new university

VietNamNet Bridge – Prime Minister Nguyen Tan Dung last Thursday approved the establishment of Tan Tao University (TTU) in Long An Province, which is expected to begin enroling students in the 2011-12 academic year.