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Real estate NPLs up sharply

Many banks are running the risk with a strong rise of non-performing loans (NPL) in the real estate sector, especially at a time when depressed property prices are showing little sign of improving in near future.

Power companies’ mistakes cause multi-billion dong loss to telcos

HCM City plans to complete the restructuring of information cable network with the total length of 3000 kilometers by 2015. However, a lot of difficulties have arisen, which may make the goal unattainable.

Chief inspector aims at transparency at state agencies

Leader of the governmental inspection unit promises that the agency will try to make the responsibility of each state agency transparent to reduce corruption. 

Domestic fertilizer market to see the reverse soon

Vietnam remains a big fertilizer importer with the expected imports of 2.4-2.6 million tons in 2011. However, the situation would completely change in the future, as a lot of fertilizer projects are under implementation.

U.S. economic growth less robust than expected: Bernanke

The U.S. economic recovery from the crisis is less robust than the central bank's expectation, but the U.S. central bank will not roll out a new round of quantitative easing (QE) monetary policy now, U

Australian managers need help managing mental illness: survey

An Australian national survey has shown most respondents have been unsatisfied with their employers and managers on supporting employees with mental illness in the workplace, the charity Sane Australia said on Thursday.

BUSINESS IN BRIEF 27/8

PetroVietnam eyes gas exploitation in Bolivia; S&P lowers Vietnam’s dong long-term rating; Premier Oil confirms Vietnam oilfields’ potentials; VN ‘overlooks' agriculture's key role; Businesses find it hard to survive amid downturn

More photos of Hoang My at Miss Universe 2011

VietNamNet Bridge – Wearing a red dress, the Vietnamese contestant looks very young and sexy among world beauties at the press conference on August 24, at the Hilton Sao Paulo Hotel.

BP well may be leaking again: U.S. newspaper

A U.S. newspaper reported on Thursday that oil may be again leaking from BP's Macondo well in the Gulf of Mexico.

China is playing hardball on the diplomatic front

The Varyag's launch comes at a fraught time. China's armed forces are modernizing and after a decadelong charm offensive in East and Southeast Asia, Beijing has begun taking a more aggressive stand on territorial disputes.

Universities seek to lure students

VietNamNet Bridge – The Ministry of Education and Training has asked universities to refrain from implementing "unhealthy" recruitment methods to attract applicants.

Higher education deviates from the direction

The Ministry of Education and Training (MOET) has announced the plan to set up more universities (4-5 year training) and junior colleges (3-year training).

Condoleezza Rice to release new memoir in November

Former U.S. Secretary of State Condoleezza Rice will release a new memoir in November to give "a vivid and forthright account" of her roles under the Bush administration, the publisher Crown said Thursday.

EVENTS FROM AUGUST 26 TO SEPTEMBER 1

Screening of “15 Ans et Demi”; “Remain Forever” Concert 2011; Festa Musicale Pattaya 2012; Exhibition “Single Mothers’ Voices” in Soc Son District; Screening of Italian Films at Cinematheque; Favourite Movie Soundtracks at Factory

Messi awarded Europe best player

Lionel Messi was voted the inaugural winner of the UEFA Best Player in Europe Award on Thursday, which replaces the European Footballer of the Year award.

Dollar price on the rise, dual exchange rate mechanism comes back

The dollar price quotation list seems to have no significance these days, because the actual transaction prices are higher than the quoted levels.

Central Highlands groundwater falls

VietNamNet Bridge – Groundwater levels continue to plunge throughout the Central Highlands, even as its quality takes a hit due to pollution, a study by the Ministry of Natural Resources and Environment has found.

ART & ENTERTAINMENT IN BRIEF 26/8

Vietnam, Laos to further co-operate on museum renovation; Cham cultural centre to offer National Day delights; Air tickets still available for National Day holiday; Korean percussion performance in city Opera House

SOCIETY IN BRIEF 26/8

Labour relations in garment, footwear enterprises discussed; Toyota transfers whistle-blower to inferior job; 21-year-old woman gives birth to quadruplets

Gold rebounds amid equity woe

Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday bounced off the biggest drop since March 2008, as the weakness in stock market enhanced appeal of gold as a safe-have investment.