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U.S. Treasury hits back against S&P rating downgrade

The U.S. Treasury Friday night hit back against a Standard and Poor's downgrade of U.S. top-notch credit rating, saying that the agency's judgment was flawed.

Foreign investors more cautious about property market

Experts at real estate consulting companies are of the opinion that foreign companies are taking more careful steps towards Vietnam’s real estate market due to its current limbo.

ART & ENTERTAINMENT IN BRIEF 7/8

Vietnamese-Thai jazz concert to mark anniversary; Dep Fashion Show recruits models in the city; Thirty scripts in short film contest round 2; Three Irish artists to perform in Vietnam; Museum receives Spratlys coral map   

Seventy-two charged with online child pornography: U.S. Justice

A total of 72 individuals were charged for their participation in an international criminal network dedicated to child sexual abuse.

Localities urged to improve planning work

VietNamNet Bridge - It is necessary for the State and Government to clearly identify management levels from the central down to the grassroots to avoid overlapping decisions, said new Minister of Planning and Investment Bui Quang Vinh.

Ethnic pageant wants rules eased

VietNamNet Bridge - The upcoming Miss Ethnic Viet Nam beauty pageant needs different regulations from those that govern conventional pageants, say event organisers.

The absurdities that only exist on Vietnamese telecom market

VietNamNet Bridge – A foreign expert has commented that Vietnam’s mobile telecom industry has been developing very rapidly, but it does not have a firm foundation, while there exists abnormal and funny things.

Tiger street festival to run wild in southern VN cities

VietNamNet Bridge - The VND400 million (US$19,000) fourth leg of the Tiger Street Football tournament will be held in the southern cities of Can Tho and Da Nang next week.

Japanese PM vows to reduce reliance on nuclear energy

Japanese Prime Minister Naoto Kan on Saturday reaffirmed the need to reduce the country's reliance on nuclear energy at a ceremony in Hiroshima to mark the 66th anniversary of the world's first atomic bomb attack.

“So-called telepathy is absurd!”

VietNamNet Bridge – Doctor of physics Nguyen Van Khai says that there is human energy, but there is not the so-called ‘telepathy’.

MOF optimistic about CPI, but risks latent in stormy season

The Price Control Agency under the Ministry of Finance has released a report with optimistic predictions about the CPI increase in August. Meanwhile, some analysts have warned that unpredictable things may occur in the coming stormy season.

Imitation paintings challenge genuine art

VietNamNet Bridge – If well-known painters could come back to life by a miracle, they would have wanted to die again when they see their artworks being imitated and sold at dirt cheap prices in Vietnam.

Land rental should not be a burden

The Vietnam Chamber of Commerce and Industry held has a conference drawing the participation of over 200 companies, with an aim to solve difficulties related to the Government’s Decree 121 on land and water surface rental adjustments.

BUSINESS IN BRIEF 7/8

HAG likely to receive $120 mln in foreign investment; ATM network Smartlink includes 9 more banks; LienVietPostBank makes debut; Jan-Jul telecom subscription growth slows down; Foreign companies under scrutiny  

Hoi An at night

VietNamNet Bridge - Much has been written about the peaceful, ancient town of Hoi An. For those wanting to learn about it, they can easily find a sea of relevant information and images on the web.

Mekong Delta is too far from the central government

VietNamNet talked with Le Phuoc Tho, who was a member of the 7th Politburo, Party Secretary of Soc Trang and Hau Giang Provinces, Head of the Central Agricultural Committee and the Central Organization Committee.

U.S. Senate passes FAA funding bill to end impasse

The U.S. Senate approved a funding extension bill for the Federal Aviation Administration (FAA), ending a two-week partial shutdown of the agency and enabling tens of thousands of federal employees and construction workers to resume their work.

Google accuses Microsoft, Apple, Oracle of waging patent battle

Google's top legal officer on Wednesday posted a scathing blog post, accusing Microsoft, Apple, Oracle and other companies of waging "bogus" patent wars over smartphone technologies.

Pollution problems worsen in capital

VietNamNet Bridge - Environmentalists reported that pollution has recently worsened in Ha Noi, caused by solid and water waste as well as exhaust fumes.

Nearly $50b required to create more power

VietNamNet Bridge - The power sector would need a total of US$48.8 billion to generate 330 billion kWh of domestic electricity per year by 2020, according to Deputy Minister of Trade and Industry Hoang Quoc Vuong.