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Fitch confirms Russia's long-term ratings at BBB level

The Fitch international rating agency confirmed long-term ratings of Russia in national and foreign currency at the BBB level, the agency said Friday.

Metropole Hanoi, Nam Hai voted as Asia’s No1 hotel, resort: H Kong journal

The Sofitel Legend Metropole Hotel Hanoi and The Nam Hai Resort in Hoi An shared top billing as Asia’s best leisure properties for this year via an online poll by Hong Kong-based travel and trade journal Smart Travel Asia.

Ministry adopts 10-year tax reform plan

Viet Nam successfully realised a ten-year tax reform programme ending in 2010, putting in place a tax system that meets the requirements of a market economy and membership in the World Trade Organisation (WTO).

Reversing winds on the horizon

Vietnam is a fertilizer importer which will ship in between 2.4 and 2.6 million tons of fertilizer from abroad this year. However, fertilizer projects in the pipeline will reverse the situation and promise reasonable fertilizer prices for farmers.

When biggest wholesale market in Hanoi mainly distributes Chinese goods

For the last many years, Vietnamese goods have been absent from traditional markets. Even Dong Xuan Market, well known as the oldest and biggest wholesale market in Hanoi, has also been mostly distributing Chinese goods since 1986.

Six teen girls drown in Red River

Six schoolgirls were drowned at a section of the Hong (Red) River located in Trang Viet Commune in Hanoi’s Me Linh District on Friday afternoon after they had rowed a small boat to pluck flowers in the river.

New law hopes to regulate direct bank wage transfers

Direct wage payments to employee bank accounts linked to automatic teller machine cards may be written into law, indicated the Department of Labour-Salary under the Ministry of Labour, Invalids and Social Affairs.

It’s to blame parents for students’ overloading

The Ministry of Education and Training which has been violently criticized for overloading students with heavy curricula, is considering cutting many lessons in order to ease the burden on students.

Lack of capital slows Phu Quoc Island tourism

Several road construction projects on Phu Quoc Island are behind schedule because of a lack of capital and the weak capacity of company contractors, affecting tourism and investment.

A “cultural death” threatens Vietnam’s tourism

The tourism industry has developed robustly and it has tried to take advantage of Vietnamese landscape and cultural identity to serve tourists. However, unorganized and unfriendly exploitation has unintentionally killed “cultural beauties”.

Network operators try to turn 3G services into “street rice”

Big mobile network operators have been rushing to lower the service fees in an effort to increase the number of 3G service subscribers, which remains modest over the last two years since the services were launched into the market.

World integration means trade, investment

Import-export and investment are the two most important issues that Government should focus on in the process of integrating into the world economy in the 2011-20 period, according to domestic economic experts.

School art project ends in success

VietNamNet Bridge – The San Khau Hoc Duong (School Stage) art project brought positive results over its 10 years of implementation, education and culture experts concluded at a meeting recently held in Ha Noi to evaluate the project.

From street to chic

It started with an image in a film: a young and seductive Jane March in a classical silk Chanel style dress traverses the rice paddies of the Mekong Delta and wanders the back streets of Cho Lon, Saigon’s Chinatown.

Project to modernise fishing fleet hits snag

VietNamNet Bridge – A project to modernise offshore fishing vessels, which was expected to improve productivity and assure fishermen's safety, has been stalled after three years of implementation.

Women set for regional champs

Twenty-three players have been called up for the national team to compete at the upcoming Southeast Asian Women's Football Championships in Laos.

Foreigners taking actions to swallow retail market

A lot of big foreign retailers are making hectic preparations to expand their operation in Vietnam in order to obtain “bigger pieces of the cake” of the very lucrative market.

Vietnam - an increasingly important market for US

US Under Secretary of Commerce for International Trade, Francisco Sanchez has confirmed the growing importance of his country’s relations with Vietnam, at a National Day event in Washington, DC.

Concrete measures for local steel sector

Deputy Prime Minister Hoang Trung Hai is calling for a major shake-up of Vietnam’s inefficient steel industry.

BUSINESS IN BRIEF 4/9

Co-operation lifts rice profits; Key plant-breed plan to cost $8m; Critics doubt viability of housing saving fund; Private helicopter service opens in Vietnam; Vietnam export growth to slow in near future; Agro-forestry, fishery exports top $16bln