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Advanced economies face risk of falling back into recession: IMF

Advanced economies may fall back into recession if policymakers fail to rebuild market confidence and boost growth, warned the International Monetary Fund (IMF) on Friday.

Vietnam’s VTC not giving up on buying EVN Telecom

Vietnamese cable television firm VTC said it is still pursuing a plan to buy a stake in EVN Telecom, an arm of the state utility Electricity of Vietnam.

Vietnamese fans celebrate U23 football team's 8-0 victory

Vietnam’s U23 football team trounced Brunei 8-0 on November 12, gaining entrance to the semi-finals of the ongoing 26th SEA Games in Indonesia.

SOCIETY IN BRIEF 13/11

10 mil school children in Vietnam receive dental care; Civil aviation, police hold anti-terrorist drill at Can Tho Airport; PM concern for Mekong crops; $106m fund raised for the poor; Capital gets centre for organ transplants  

ART & ENTERTAINMENT IN BRIEF 13/11

Talented Vietnamese painters step together; HD cafés, a new kind of movie theatres; French jazz singer comes to Hanoi; “Flavours of Vietnam” food festival opens in Sydney; Artists display works in HCM City

Beckham named to MLS all-star team

Former England captain David Beckham has been named to the MLS's all-star team, league commissioner Don Garber announced on Thursday.

Traffic and farmers’ thoughts

VietNamNet Bridge – Vietnam’s underdevelopment, its problems, including urban traffic--are partly sourced from Vietnamese characteristics, or frankly--the thought of farmers who only know about their small pieces of fields.

MPI says infrastructure in poor ‘cause of bad thinking

The Ministry of Planning and Investment (MPI) has submitted to the government, the plan on building the infrastructure system in 2011-2020, pointing out that the current infrastructure remains very poor due to the unreasonable way of thinking.

BUSINESS IN BRIEF 13/11

Vietnam to have second budget carrier; Footwear exports surge after EU lifts dumping tax; Startled agency speeds up Da Nang airport work; VN’s banking industry, economic risk downgraded on new methodology

Bank deposits offer best returns, says SBV

The State Bank of VietNam's website this week said commercial bank deposits now offered a better return to investors than securities, real estate, US dollars or gold due to the slowdown in inflation in the past couple of months.

100 days of President Truong Tan Sang

VietNamNet Bridge – After leaving South Korea, President Truong Tan Sang went to Hawaii to attend the APEC Summit. His first 100 days as Vietnam’s President were extremely eventful, with business trips to many countries.

IT NEWS

Companies receive fines for spam messages; AVG Television comes on air after trial run; Domestic contractors take to online bidding; Metfone scoops global communication award; Vien Thong A joins arms with Japanese TD  

GOVERNMENT IN BRIEF 12/11

PM to attend ASEAN, East Asia summits; Governor-General of Canada to visit; WB special envoy on climate change visits Vietnam; Institutional reform receives top priority;

‘Disaster’ of Vietnam’s music ranks highly

VietNamNet Bridge – The top ten video clips of the first week of the Music Video Awards has “Rac roi” (Trouble), which is criticized as a disaster of Vietnamese music, ranked second, after Vietnam Idol 2010 Uyen Linh’s “Giac mo toi” )My Dream).

ADB funds $190 million for universities in Vietnam

ADB and Vietnam have signed two loan agreements totalling $190 million for the development of the University of Science and Technology of Hanoi.

Despite problems, banks still attractive enough to foreign investors

The pressure of the fierce competition in the banking sector and the ongoing bank restructuring process--both cannot lessen the attractiveness of the sector. Money keeps flowing into banks even in their most difficult period.

New Greek coalition government sworn in

Greece's new coalition government headed by former European Central Bank Vice President Lucas Papademos was sworn in on Friday, amid hopes to put an end to the country's political turmoil.

National Assembly approves VND59 trillion for salary increase in 2012

The Vietnamese National Assembly (NA) approved VND59.3 trillion ($2.83 billion) for salary increases in the 2012 at a meeting on November 10.

Mexican minister killed in helicopter crash

Mexican Interior Minister Francisco Blake Mora and Vice Interior Minister Felipe Zamora were killed in a helicopter crash on Friday, official sources said.

European music festival to be held in Hanoi and Ho Chi Minh City

The European Music Festival 2011 will be held at the Youth Theater in Hanoi and the Ho Chi Minh City Music Conservatory from November 17 – 28.