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Part 2: The corollary of the race to attract investment

Experts believe that the registration of “virtual” investment projects in localities are the result of the “achievement disease” of local authorities, when localities try to attract as many projects as possible.

Hanoi to invest over $33.3 million to build 24 parking lots

VietNamNet Bridge – The Hanoi authorities have agreed with the Department of Transport’s proposal on the construction of 24 new parking lots at the cost of over VND700 billion (over $33.3 million) from now to 2015.

Britain's central bank slashes 2011, 2012 growth forecast

Bank of England, the British central bank, slashed its forecast of the country's economic growth in 2011 and 2012 to about 1 percent on Wednesday.

Ha Noi to host national Heritage Day

VietNamNet Bridge – Cultural activities focusing on heritage and its preservation will be organised in Ha Noi to celebrate the 7th Viet Nam Cultural Heritage Day, which falls on November 23.

PM calls for greater efforts for ASEAN Community

ASEAN member countries should show their strong political resolve and allocate necessary resources to realise the ASEAN Community, on schedule and based on all three pillars, said Vietnamese Prime Minister Nguyen Tan Dung

Vietnam wins 68 golds, still ranks second

VietNamNet Bridge – Pencak Silat athletes contributed a half of the 12 gold medals of Vietnam on November 17. With only two more golds, Vietnam will achieve its goal.

BUSINESS IN BRIEF 18/11

Suzuki to build automobile plant in Vietnam; US$201mln contracts inked at Vietnam-China trade fair; Tax laws won't hit property valuation; Hyundai pulls out of engine making joint venture; Petrol and gas price audit to be released next week

SEA Games 26: Vietnam trounce Laos 3-1

Vietnam’s U23 football team topped Group B after defeating Laos 3-1 in Indonesia on November 17.

PM orders VN Airlines to sell 50%

Prime Minister Nguyen Tan Dung yesterday instructed the fully State-owned Vietnam Airlines to implement a process of restructuring, after which the State would hold more than 50 per cent of the company's charter capital.

National Assembly deputies to question five cabinet members

From November 23 to 25, Ministers of Transport, Education and Training, Agriculture and Rural Development, Finance, the State Bank of Vietnam Governor and PM Nguyen Tan Dung will be interpellated by the National Assembly.

Viet Nam to mobilise climate change funds

The Government would pay more attention to environmental projects in an effort to strategically cope with climate change, said Pham Hoang Mai, head of the Department of Science, Education, Natural Resources and Environment

Amazing rocky walls in Cham Islet

When touring Cham Islet, or Cu Lao Cham in the ancient city of Hoi An in Quang Nam Province you are bewitched by splendid landscapes with wonderful sandy beaches, forested hills and the glorious clear, blue sea.

NA told billions wasted on tobacco

VietNamNet Bridge – National Assembly deputies unanimously agreed with the need for the Law on Tobacco Harm Prevention and Control during yesterday's morning session.

PM approves new national population and reproductive health plan

VietNamNet Bridge – The Prime Minister on Monday approved the national strategic population plan and the reproductive health development plan for the 2011-20 period.

Foreign investor eyeing hydropower projects in Vietnam

The information that Norwegian SN Power Company intends to buy big amounts of stakes of hydropower plants in Vietnam has caught the special attention from the public. This is believed to activate the hydropower merger and acquisition (M&A) market.

Parade, martial art performance in the army’s maneuvers

VietNamNet Bridge – The Army’s Games 2011 opened on November 16, in Chuong My district, Hanoi--by an impressive opening ceremony, held by the Ministry of Defense.

National Assembly to take a look at Vinashin’s debt

Minister of Finance Vuong Dinh Hue said that the Government had reported the Vietnam Shipbuilding Industry Group’s (Vinashin) debt situation to the National Assembly (NA). At this time, Vinashin is facing the risk of being sued in the UK.

ART & ENTERTAINMENT IN BRIEF 17/11

Books on Vietnam War released in the US; Italian Jazz concert to be held in Hanoi and HCM City; British rock musicians to perform in VN; Broadway showtunes to light up Ha Noi; National ‘Cheo’ Festival 2011 to be held

SOCIETY IN BRIEF 17/11

  Multi-level carparks for Ha Noi; British woman killed in Ha Long car crash; Restaurant suspected of serving rare animals; Workshop talks about preventing blindness

Tet ticket rush crashes Internet

VietNamNet Bridge – Do Thi Ngoc Thao, a student at the HCM City University of Social Sciences and Humanities, took more than three hours on Tuesday to book a train ticket to Vinh using the web address www.vetau.com.vn.