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U.S. will not default on debt: Geithner

The United States will not default on its financial obligations, U.S. Treasury Secretary Timothy Geithner said Sunday, urging Congress to reach an agreement now.

PIT exemption hoped to help drive capital flow to stock market

Securities investors feel encouraged these days when hearing that the ongoing National Assembly’s session would discuss the proposal by the government--on exempting personal income tax PIT on the incomes from securities investments.

Indochina Telecom keeps ambiguous about plan to join market

VietNamNet Bridge – The delay in launching services of the eighth licensed mobile network in Vietnam – Indochina Telecom – has been blamed on the harsh competition in the market which is believed to have become saturated.

Vietnam’s marine and island sovereignty at photo exhibition

VietNamNet Bridge – A photo exhibition called “Legends of the land of An Tra” opened on July 22 in the central city of Quang Ngai.

MOET plans to treat rote learning with mind map

The Ministry of Education and Training has decided to use mind map in a large scale to help renovate teaching method. The new method has been applauded by teachers, who believe this will help students escape from rote learning.

ART & ENTERTAINMENT IN BRIEF 25/7

HCM City to hold Buddhist music concert; Culinary contest selects 10 young chefs for int’l competition; Vietnam’s unique landscapes exhibited in Hanoi; 17th Vietnam Film Festival to take place in Phu Yen; Indochina to unite at arts festival  

Commercial banks unexpectedly “let dollars out”

VietNamNet Bridge – Enterprises have never found it so easy to buy dollars from banks like now, when banks are selling dollars at competitive prices.

Truong Tan Sang elected as State President

VietNamNet Bridge – Mr. Truong Tan Sang was elected as the State President of the 2011-2016 tenure, with 97.4 percent of the votes, at the National Assembly meeting this afternoon, July 25.

Norway mourns victims, prays for peace after deadly attacks

Norway has plunged in grief as its people come to terms with life after the massive bomb blast and shooting spree on Friday killed at least 93 people.

Hue dredges ‘King's River' to offer boat tours

VietNamNet Bridge – Authorities in the province of Thua Thien-Hue have begun dredging a canal that would allow tourist boats to go to the inner royal citadel from the Huong (Perfume) River.

Few drug addicts enter HCM City rehab clinics

VietNamNet Bridge – Rehabilitation centres in HCM City in the first six months of the year admitted 1,756 drug users, a decline of 2.8 per cent compared with the same period last year,

Tourism industry to advertise at English football games

VietNamNet Bridge - The Ministry of Culture, Sports and Tourism wants banners promoting tourism in the country beamed on moving advertising boards at English Premier League football stadiums, an official said.

Overseas Vietnamese’s heart directed towards home country

VietNamNet Bridge – Holding a commemorative photo taken at the summer camp for overseas Vietnamese youth, Mai Huong, a Vietnamese origin girl in Cambodia, said: “Though I live abroad, my soul will be always directed to Vietnam”.

Museum visits to raise awareness in children

VietNamNet Bridge - Schools in Ho Chi Minh City are raising awareness in children of their past glorious history, culture and traditions of Vietnam by organizing various interactive activities such as trips to historical monuments and museums.

Inflation casts shadow on market

VietNamNet Bridge - The VN-Index ended last week at 409.20 points, a decrease of 1.34 per cent from the previous week's close and 3.9 per cent since the beginning of the month.

Co-operation urged for region stability

VietNamNet Bridge – Deputy Prime Minister and Foreign Minister Pham Gia Khiem urged co-operation among ASEAN member countries on accelerating endeavours aimed at peace, security, stability and development.

Uruguay beat Paraguay to win Copa America

Uruguay won the Copa America on Sunday in Argentina after beating Paraguay by a convincing 3-0.

SOCIETY IN BRIEF 25/7

Human resources development scheme launched; Flash flood sweeps away 17 houses in Ky Son, Nghe An; Child dies as alcoholic burns wife, children

CPI surges 22.16 pct y-o-y, regional highest level

VietNamNet Bridge - Vietnam’s consumer price index (CPI) in July rose by 1.17 percent against June, bringing the country’s CPI to 14.16 percent this year - a 22.16 percent rise year on year, according to Vietnam General Statistics Office (GSO).

6.2-magnitude quake hits Japan's Fukushima Prefecture

An earthquake measuring 6.2 on the Richter scale jolted Japan's northeastern Fukushima Prefecture and its vicinity on early Monday Morning, said the Japan Meteorological Agency.