U.S. Treasury Secretary Timothy Geithner on Tuesday called on Congress to back the government's budget proposals on key investment to boost the country's economic growth and competitiveness.

Thai Ministry of Agriculture and Cooperatives is planning to transform Thailand into an advance trading hub for rice in the ASEAN region, which is expected to stabilize prices of Thai rice in the world market.

“In many countries, the percentage of houses for lease accounts for up to 80-90 percent. Vietnam has large populations and restricted land, so we do not encourage personal ownership of house,” says Deputy Prime Minister Hoang Trung Hai.

VietNamNet Bridge – The Asian Football Confederation (AFC) on February 14 held the draw ceremony for the first Asian U22 Football Champs 2013. Vietnam is in group G, with South Korea, Malaysia, Myanmar, Taiwan and the Philippines.

Coastal city lacks facilities to woo investors; Lending rates poised to fall soon; Vietnam’s retail market attractiveness drops: report; Vietnam to focus on quality, effective FDI projects; Phu Yen Province breaks ground for Tuy Hoa Civil Airport  

Industry insiders are looking to raise state employee wages.

VietNamNet Bridge – HCM City plans to reduce at least 80 per cent of hospital overload by 2020 and 50 per cent by 2015, city officials have told Minister of Health.

VietNamNet Bridge – Several years ago, experts warned Vietnamese Internet users about the appearance of phishing in Vietnam. The number of people who are the victims of phishing has been increasing rapidly over the last few years.

The central State Bank of Vietnam has categorized local credit institutions into four groups with the last group disallowed for credit growth this year.

Australian scientists have found aspirin may contain the spread of cancer by cutting the tumor's supply line, a finding that may pave the way for new treatments to halt cancer in its tracks, according to media reports on Wednesday.

VietNamNet Bridge – All imported chemical substances sold in Viet Nam must be labelled in the Vietnamese language, the Ministry of Industry and Trade has announced.

VietNamNet Bridge – Authorities of the central city of Da Nang on February 14 met with Japanese partners to fix the schedule for an international parasailing festival.

According to the Ministry of Culture, Sports and Tourism’s draft conclusion, the contract signed between the Vietnam Football Federation and AVG Group on the broadcasting copyright of Vietnam’s professional football leagues is basically legal.

VietNamNet Bridge – The cost for building an overpass is VND1-2 billion ($50,000-100,000) but in HCM City, almost all overpasses are unused. Meanwhile, the local transport department plans to build some mover overpasses.

Rome was forced to drop its bid for the 2020 Olympic Games on Tuesday following Italian Premier Mario Monti announced that his government would not provide the requested guarantee for the capital's ambitious campaign.

VietNamNet Bridge - On February 15th, Hanoi will finish the withdrawal on parking licenses at 262 streets in nine districts. All 262 streets are narrow or the city’s main transportation paths.

U.S. President Barack Obama on Tuesday urged Congress to approve the extension of payroll tax cut and the jobless benefits for the long-term unemployed to sustain economic recovery.

VietNamNet Bridge – Viet Nam's top chess player Le Quang Liem lost to Daniel Alsina Leal from Spain on Monday in the seventh round of the Aeroloft Open in Russia.

Japanese Orchestra AUN performs in Hanoi; Kite-surfing contest kicks off in Mui Ne; Vietnamese musicians bring home medals; Hanoi exhibition celebrates Vietnam – S.Korea relation; Ba Ria-Vung Tau to host seaports festival  

The foreign direct investment (FDI) will automatically flow to the most profitable business fields. If Vietnam wants to drive the FDI flow to the addresses it wants, it has to apply reasonable policies and offer reasonable incentives.