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Banks lack dollars to lend, pushing up dollar interest rates

VietNamNet Bridge – While the Vietnam dong interest rate race has cooled down and banks have eased the dong deposit interest rates, the dollar interest rate war has triggered.

White Book on Vietnam’s ICT 2011 released

VietNamNet Bridge – The recently-released book about the panorama and the current situation of Vietnam’s information and communication technology industry has not only data but also reports and analysis on specific fields.

The first off-road motor race in Vietnam

VietNamNet Bridge – The race will take place on July 17 at the Vuon Xoai ecological tourist site in the southern province of Dong Nai, with 36 racers.

Vietnam’s toy makes world Guinness record

Spinning nonstop within 24 hours, 35 minutes and 15 seconds, Tosy top has become the first Vietnamese toy granted a Guinness World Record for the longest running mechanical spinning top by the Guinness World Records Ltd.

Iconic turtle returns to Hoan Kiem Lake

VietNamNet Bridge – The legendary turtle was released back to the Hoan Kiem Lake on the afternoon of July 12, in good health, after three months of treatment in a tank.

HCM City aims to end strikes

VietNamNet Bridge – Admitting that strikes are taking place seriously, the Party Secretary of HCM City said that the city aims to reducing and then putting an end to this situation from now to the year’s end.

Banks struggle to comply with lending cap

VietNamNet Bridge - Despite several efforts, six commercial banks have not been able to reduce loans for non-production sectors to 22 per cent by June 30, as required by the State Bank of Viet Nam (SBV).

Constitution amendment committee to be formed

VietNamNet Bridge – At the meeting on July 14, the National Assembly Standing Committee will discuss the establishment of a committee to amend the Constitution 1992.

U.S. astronauts wrap up last spacewalk of shuttle era

Two U.S. astronauts stepped out the International Space Station on Tuesday to retrieve a failed ammonia pump, which is the last spacewalk of the shuttle era, NASA announced.

China nixes Philippines bid for UN court

VietNamNet Bridge - China on July 12 rejected calls by the Philippines for the two nations to bring their conflicting claims in the South China Sea (East Sea) before a United Nations-backed tribunal.

Google+ may top 10 million users: report

Google+, the social networking service Google unveiled only two weeks ago, is estimated to surpass 10 million users on Tuesday, possibly becoming the fastest growing product in the history of the Internet.

Tablet PC market: too many options make it difficult to choose

Nearly 30 models of tablets are being sold in the market with the prices ranging from 2.7 million dong to 22.9 million dong. Consumers don’t know what products they should select because all the products seem to be the same to them.

Vietnamese contestant shows off in swimwear at Miss Asia USA

VietNamNet Bridge – Vietnamese representative at the Miss Asia USA 2011 pageant, Phan Thi Mo, took the first photos in a bikini beside Asian contestants in the US.

Man drinks gasoline for 42 years

Gasoline powers vehicles all around the world, but a sick Chinese man has been drinking the sticky liquid for 42 years under the illusion that it can relieve his physical pain.

Stamp issue supports wildlife preservation

VietNamNet Bridge – A new set of four stamps depicting dragonflies was recently issued by the Viet Nam Post Corporation.

Foreign laborers flood Vietnam

Vietnamese law doesn’t allow enterprises to use untrained foreign workers. But in the northern province of Ninh Binh, there is a construction site where unskilled Chinese workers number nearly 1,500 people.

Obama says U.S. ready to support negotiations for transition in Libya

U.S. President Barack Obama said on Monday that his country is prepared to support negotiations that lead to a democratic transition in Libya as long as its leader Muammar Gaddafi steps down.

SOCIETY IN BRIEF 13/7

Vietnam, RoK exchange education experience; Hanoi’s “golden” site cleared for construction; Wounded turtle sent back to Sword Lake; Vietnam Rubber Group helps Cambodian workers

ART & ENTERTAINMENT IN BRIEF 13/7

Hanoi, HCMC among top ten Asian cities; Vietnam’s first BeyBlade contest underway; Hoi An starts construction of terra-cotta park; Young people offer incense to commemorate Hung Kings   

Are there too many oil refineries in Vietnam?

Vietnam has been warned that if it cannot well calculate pluses and minuses, it may face risk when developing oil refineries, especially when the crude oil price is on the rise, while the investment rates on oil refineries become big.