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Banks sneeze, the national economy catches a chill

Vietnam’s IDR (issuer default rating) still has not been significantly improved over the last five years.

U.S. regulators propose to increase capital cushion for banks

The banks in the Unites States would be required to improve capital cushion against unexpected losses as the Federal Deposit Insurance Corporation, along with other two agencies, approved on Tuesday to seek comment on new capital rules.

Prostitution should be legalized, police officer

VietNamNet Bridge – Colonel Ho Sy Tien, acting head of the Investigative Police Agency on Social Order, Ministry of Public Security, said that it will be easier to control prostitution if it is recognized as a job, ruled by special regulations.

Hue’s famous lotus species revived

VietNamNet Bridge – After five years, lotus in Tinh Tam Lake in the Hue royal citadel, the famous lotus special of the ancient capital city, has revived.

BUSINESS IN BRIEF 14/6

China’s halt to buying cause of coconut cutting wave; Canadian firm to build hospital in Hai Duong; Auto sales drop in May; Seafood exporters drop by almost half; Steel price starts to drop; VND strengthens against dollar

Cooling production burns state coffers

Sinking production is biting into state budget revenue.

Theme park could become tourist mecca

Investment in an entertainment park would lead to development in the real estate and tourism sectors, international experts have said.

At least 55 killed, 126 wounded in spate of attacks in Iraq

At least 55 people were killed and 126 wounded in a series of bomb and gunfire attacks in several Iraqi cities on Wednesday, the police said.

71 confirmed dead on Monday's quake in northern Afghan town

A total of 71 people including women and children were killed in the earthquake that hit Burka town in northern Afghanistan on Monday, said Burka district police chief Habib Rahman on Wednesday, citing the latest counting.

Pitcher plant re-discovered in Vietnam after 100 years

VietNamNet Bridge – Scientists have discovered pitcher-plants (Nepenthes thorelii Lecomte) at the Lo Xo-Xa Mat national part in the southern province of Tay Ninh, after over 100 years of disappearance in Vietnam.

Prehistoric relics brought to light

VietNamNet Bridge – Experts from Quang Ngai Museum have discovered several prehistoric artefacts dating back 4,000 years in the Tang River valley in Tay Tra District, according to Deputy Director Doan Ngoc Khoi.

Health Ministry urges investigation of obstetrical accidents

VietNamNet Bridge – The Ministry of Health’s Health of Mothers and Children Department has asked related provinces to quickly inspect recent obstetrical accidents.

Bac Kan develops its tourism plans up to 2030

The People’s Committee of the northern mountainous province of Bac Kan on June 12 signed a contract with the Japanese company Nikken Sekkei Civil Engineering to develop a plan for tourism at the Ba Be National Park until 2030.

HCM City: ‘Sex-tour’ formed prostitution on the rise

VietNamNet Bridge – HCM City Police Agency reported that in the first half of 2012, many forms of crime in the city reduced remarkably over the same period of 2011, but sex-tour prostitution was on the rise.

Policeman suspended for beating truck driver

VietNamNet Bridge – A traffic police officer in the northern province of Ninh Binh has been suspended from work one day after he was reported of beating a truck driver on the road.

Journalist protection should be strengthened: seminar

There should be specific regulations for journalists in action, and their professional rights and interests must be protected in a timely manner, delegates said at a seminar on “Protection of journalists’ practicing rights” held yesterday in HCMC

NA deputies complain about State budget estimate

The National Assembly deputies at group discussions on Monday complained that State budget estimate making, allocation and implementation are still full of shortcomings.

Merkel urges reform in Europe, denies growth on new debt

German Chancellor Angela Merkel said Tuesday that Europe should get over the current debt crisis through more structural reforms, drawing lessons from the past and eliminating addiction to living beyond limits.

Change personal habits to eradicate skin disease: WHO

While looking into solutions to eradicate the bizarre and unidentified skin disease plaguing Ba To District, the acting head of WHO in Vietnam, said it is important that medical workers focus on bringing about a change in people’s personal habits.

HCMC hosts exhibition of German, Vietnamese artists

The Consulate General of Germany in HCM City will present an encounter between three German and two Vietnamese artists in a joint exhibition that aims to enhance the presence of both cultures and engage them in a direct dialogue.