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BUSINESS IN BRIEF 6/8

State shipping line suffers $33 mln H1 loss; Japan buys more Vietnamese goods after disaster; Phu Quoc to become special economic zone; Listed banks report high profits; Gov’t okays BT for ‘bauxite route’  

Minh tops rankings at Viet Nam Open Grand Prix

VietNamNet Bridge - Host player Nguyen Tien Minh will be the No 1 seed at the Viet Nam Open Badminton Grand Prix.

Neighbouring nations team up to discuss tourism plan

VietNamNet Bridge - A biennial tourism conference that brings together officials from Cambodia, Laos, Myanmar, and Viet Nam to discuss co-ordinated development will be held in HCM City next month.

Vietnam urged to march towards “green steel industry”

VietNamNet Bridge – Vietnamese steel manufacturers all say they are striving to have a “green steel industry”. However, this would mean higher production costs and lower competitiveness.

Seeking remains by telepathy is below ten percent accuracy

VietNamNet Bridge – It is highly possible that the Ministry of Labor, War Invalids and Social Affairs (MoLISA) will not consider telepathy as a method to search for remains of martyrs, said a senior official from the MoLISA.

Vietnam witnessing “gold industry crisis”?

The gold prices have continuously broken records and made new records in recent days, which has driven speculators crazy and made people bewildered, brought fat profits to some finance groups, and pushed other enterprises against the wall.

SOCIETY IN BRIEF 6/8

Provincial universities face student absence; VN anti-tobacco body wants prominent health warnings; 150 kg of nails collected from HCMC streets; Tour boats banished from illegal moorings; Action month for AO victims launched    

Relegation battle heats up as title race nears an end

VietNamNet Bridge - Ha Noi T&T's head coach Phan Thanh Hung says the title race has not yet finished, even though Song Lam Nghe An (SLNA) are seizing the upper hand as the V-League has only three rounds to go.

GOVERNMENT IN BRIEF 6/8

US 7th Fleet Commander visits Vietnam; New leaders receive more congratulations; German Ambassador receives friendship title; Celebrations for 35 years of Vietnam-Thailand ties; Australia places priority on economic ties with Vietnam      

Foreign investors eye Cam Ranh airport development

VietNamNet Bridge - Several foreign companies have showed their keen interest in airport infrastructure development in Cam Ranh Airport at recent meetings with the authorities of Khanh Hoa Province.

Urine test may help predict prostate cancer

A new urine test might help doctors detect prostate cancer and better evaluate a patient's treatment options, according to American reseachers Thursday.

Debt financing unlikely to save Western economies

The Dow Jones industrial average tumbled more than 500 points Thursday, exposing the plight of western economies and their deep structural defects, notably a heavy dependence on debt financing.

SBV chief vows to cut interest rate

VietNamNet Bridge - Newly-named State Bank of Viet Nam Governor Nguyen Van Binh intends to force commercial banks to slash lending interest rates to 17-19 per cent per year from current rates averaging 20-25 per cent annually.

NA takes a frank look at inflation

VietNamNet Bridge - Most National Assembly deputies agreed that there were satisfactory results in socio-eonomic development in the first six months of this year despite the country facing many challenges and difficulties.

Draft law aims to curb disorderly advertising

VietNamNet Bridge - The Ministry of Culture, Sports and Tourism has drafted Law on Advertising to regulate and protect the nation's fine traditions and customs, while simplifying administrative procedures, said Deputy Minister Hoang Huu Ai.

Ariane rocket launch postponed due to bad weather

The launch of two communication satellites atop Europe's heavy-lift Ariane 5 was postponed again due to bad weather, the France-based Arianespace announced Friday.

Investments on education up, but education quality remains low

The state budget allocated for education and training development increased by 10 times in 2001-2011, while people’s investments and the loans from foreign sources have also increased. However, the education quality has not been improved.

Talented pianist to perform with spiritual singing

VietNamNet Bridge – After a successful show in Hanoi in late May 2011, pianist Pho An My will give the second show in Hanoi on August 22, and then another show in HCM City on August 31.

Ha Noi aims to be city of buses

VietNamNet Bridge – The People's Committee has approved a bus development project aimed at getting 3.62 million people to travel via bus daily by 2020. The present figure is about one million.

Dried litchis exports falling in prices, Chinese control the market

VietNamNet Bridge – The dried litchis market has been opened for the last two weeks, but the prices have halved from the beginning of the litchi crop. Vietnamese exporters complain that Chinese traders have been forcing the prices down.