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MOIT wants to follow Thai way in developing auto industry

The Ministry of Industry and Trade is drafting the automobile industry development strategy for 2020-2030, which shows two most important tasks: increasing the localization ratios and setting up powerful mechanical engineering centers.

EVN cut 12.5 trillion on investment

VietNamNet Bridge - The Electricity of Viet Nam (EVN) and its subsidiaries have decided to cancel construction of 300 projects with total investment of VND12.5 trillion (US$609 million) in response to Government Resolution 11.

Indonesia ‘can play role’ in East Sea dispute

VietNamNet Bridge -  Indonesia should use regional forums and its leadership position in ASEAN to help relieve tensions between China and its Southeast Asian neighbors over the East Sea territorial disputes, an expert says.

Summertime on Con Dao Island

Since June 1, tourists have been able to embark on a 40-minute flight, in an ATR-72 aircraft, from Can Tho to Con Dao, where they can immerse themselves in the pristine beauty of Nature and seek solace in historical and spiritual reflections.

Second phase of university entrance exam begins

VietNamNet Bridge - Around 633,800 candidates are sitting for the second phase of the 2011 university entrance exams on July 9-10.

Ha Noi prepares for 9m people

VietNamNet Bridge – In its master plan for socio-economic development from now till 2020 with vision till 2030, Ha Noi sets a target to become a driving force in national development.

Apple's App Store tops 15 billion downloads

Apple announced Thursday that over 15 billion applications have been downloaded from its App Store by more than 200 million Apple mobile devices users worldwide.

British PM announces inquiry into phone hacking scandal

A public inquiry into the phone hacking scandal at the News of the World, a best selling Sunday newspaper to be closed after this Sunday, would be staged, British Prime Minister David Cameron announced Friday.

U.S. obesity epidemic continues unabated: report

Obesity rates in the United States climbed over the past year in 16 states, and not a single state reported a decline in the proportion of excessively overweight residents, according to a report released on Thursday.

Japanese PM apologizes for reactor restart flip-flop

Japanese Prime Minister Naoto Kan on Friday apologized for the disarray due to the delay of restarting nuclear power plants in Saga prefecture by the sudden issuance of additional stress tests.

Thai PM-in-waiting denies plan to visit Thaksin to discuss lineup

Thailand's elected prime minister Yingluck Shinawatra rejected as groundless reports that she planned to go to Hong Kong to meet her elder brother, the fugitive ex-PM Thaksin Shinawatra, on Sunday to discuss the cabinet lineup.

Atlantis lifts off for U.S. shuttle program's final voyage

U.S. space shuttle Atlantis lifted off on Friday morning from Kennedy Space Center in Florida, on the 135th and final flight in NASA's shuttle program.

Electricity demands could limit Beijing-Hanoi rift

Nguyen Tan Dung, Vietnam’s prime minister, warned recently that his country would “resolutely fight activities that infringe our sovereignty”.

Hanoi’s rare trees protected by armours

Sua trees (Dalbergia cochinchinensis - Alstonia) on Hanoi’s Xuan Thuy Road have been put on with “armours” to be safe from loggers.

Vietnam’s sea police force to have modern ships, aircrafts

VietNamNet Bridge – Chief of the Sea Police Agency of Vietnam, Lieutenant General Pham Duc Linh, said that in early 2012, the sea police force will be equipped with big vessels, which can make long voyages, and aircraft.

Sun and sea draw Russian tourists to VN coastal cities

VietNamNet Bridge – Pristine beaches and fresh seafood have lured Russian tourists, part of the top-ten travellers to Viet Nam during the past five years, to the coastal cities of Nha Trang and Phan Thiet.

BUSINESS IN BRIEF 9/7

Cassava exports total $590 million; Digital signatures get go-ahead; Regulators draft new securities rules; Industrial output hits record high; HCM City declares victory on inflation; Online bids may help VN suppliers

Few SOEs sell foreign currencies to banks

Bankers say only a few of SOEs have sold foreign currencies to bankers over the last week, since the day the Circular No 13, which asks state owned economic groups and general corporations to sell foreign currencies to banks, took effect on July 1.

Nearly 200 websites hacked in a night

VietNamNet Bridge – On the night of July 3, 2011, nearly 200 websites with the domain names “.vn”, “.com” and “.net” on the same server were attacked. The websites included the one of the Binh Duong provincial Finance Department.

Smog covers inner Hanoi

VietNamNet Bridge - Smog has filled the air in central Hanoi during the past three days, but experts cannot agree on its origin or cause.