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BUSINESS IN BRIEF 18/7

Furniture exporters plagued by tightened rules; Footwear sector: low-cost labour no longer advantage; Retail sales decline despite low prices; Banks fail to cut loan interest rates; Low chicken prices may lead to shortages

SOEs’ capital withdrawing: speaking one way and acting another (part 2)

State owned economic groups and general corporations have vowed to carry out the restructuring process and stop the operation of unprofitable subsidiaries. However, in fact, their speech doesn’t agree with their acts.

Illegal gold mine collapses, 4 died, 7 injured in central Vietnam

VietNamNet Bridge – While ten people were illegally seeking gold, the mine collapsed, burying all of them. The incident occurred in Tuong Duong district of the central province of Nghe An on July 17.

Two-year-old girl has a “tail”

VietNamNet Bridge – A baby girl in Tu Nghia district of the central province of Quang Ngai had a small tumor at her sacrum, at birth. This tumor has grown to be over 2cm long after two years.

Yahoo taps former Google executive Marissa Mayer as CEO

Yahoo on Monday announced that it has appointed Marissa Mayer, a former Google executive, to be its president and chief executive officer (CEO).

Nursing aides help ease staff shortages

VietNamNet Bridge – Worn out after almost a month's lack of sleep, Nguyen Hong Hai was enjoying his day off by resting on a stone bench in a small square at Huu Nghi (Friendship) Hospital.

Ha Long’s world natural wonder icon in stock

Three months after Ha Long Bay was recognized as a new natural wonder of the world, its world natural wonder icon is still in stock because the Ministry of Culture, Sports and Tourism (MoCST) has not found out an appropriate place in Hanoi for it.

English students need to get involved English teaching

VietNamNet Bridge – Students of English need to be involved in activities that are relevant, fun and motivating so that they become proactive learners, experts said at conference last Saturday.

MTV VJ Camp list of 12 unveiled

After two months of competition, the 12 finalists of reality show MTV VJ Camp which seeks a young talented video jockey for the music channel in Vietnam were unveiled on Sunday in the first episode of a three-week boot-camp in Mui Ne Bay Resort

Two groups of Vietnamese athletes face troubles in the UK

VietNamNet Bridge – Vietnamese track-and-field and gymnastics teams are facing some problems in the United Kingdom (UK), right before the London Olympics.

The power of party identification

How do Americans decide how to cast their vote in a presidential election? Why do they choose one candidate over another? These are questions that have challenged scholars and journalists for as long as there have been elections in America.

Mosaic to mark Paris Peace Accord

A large ceramic painting featuring images of the historical agreement on ending the war and restoring peace in Viet Nam, signed in Paris in 1973, will be hung at the convention hall in the Paris suburb of Choisy le Roi.

Ha Tinh: woman stops cars to ask for money

VietNamNet Bridge – Vehicles that regularly travel on National Highway 8A, the section crossing Duc Tho town in the central province of Ha Tinh, are very familiar to a woman who usually stops cars on the road to ask for money.

Moody's downgrades 13 Italian banks

Ratings agency Moody's Investors Service slashed the ratings of 13 Italian banks on Monday, citing the weakened credit profile of the Italian government.

Potholes found on bridge days after inauguration

VietNamNet Bridge – Four rather large potholes at the end of a new bridge in Ho Chi Minh City caused cars to shake when Tuoi Tre tested them out July 14, just days after the platform opened.

SOEs’ capital withdrawing: it’s easier said than done (part 1)

When the Vietnam Coal and Mineral Industries (Vinacomin) spent money to buy stakes of banks and insurance companies, it could not imagine that it would have to sell the stakes at a loss one day.

Growing “natural antibiotic” on Ly Son Island

VietNamNet Bridge - Ly Son island district in Quang Ngai province in central Vietnam, is very famous for its specialty – garlic, which is compared to “natural antibiotic.”

Venezuela's Chavez leads election poll

Venezuelan President Hugo Chavez enjoys a substantial 15 percent lead over opposition candidate Henrique Capriles in the run-up to the Oct. 7 election, survey results showed Monday.

Viet Nam warm-up for AFF Cup

VietNamNet Bridge – Viet Nam plan to play up to 10 friendly matches in preparation for the Asean Football Federation (AFF) Suzuki Cup later this year.

“Corridor Cracks” of a French artist

VietNamNet Bridge – Wafaa Fardani, a young French painter, has opened her exhibition at a small restaurant in Hanoi. Fardani has lived in Vietnam for five years and the exhibition shows her interesting angles about Vietnam.