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Refinery to lose $1 mln/day in 2-month maintenance

VietNamNet Bridge – An overall $25 million maintenance for the Dung Quat Oil Refinery in central Vietnam will begin in two months starting July 15, which is expected to incur an additional loss of US$1 million per day

First VN Ambassador goes to Greece

VietNamNet Bridge – Vu Binh, the first Vietnamese Ambassador to Greece, presented his credentials to Greek President Karolos Papoulias on June 20.

Vietnamese consumers turn their back to Chinese motorbikes

Chinese motorbikes, which once flooded Vietnamese market, have become unpopular though they are much cheaper than Vietnam made products.

Lam Dong calls for investors of wind power projects

VietNamNet Bridge - Authorities of the Central Highlands province of Lam Dong are calling for more investment into wind power projects as the province holds huge potential of wind power of up to 22,000MW, a local official said.

Strange houses in Vietnam’s most northern province

VietNamNet Bridge – Two-story, clay-made houses which are hundreds of years old, are unique architectural works of Nung ethnic minority people in Ha Giang province.

Hydro-electric plants lack safety controls

VietNamNet Bridge – Small hydroelectric plants play an important role in devel-oping the socio-economy at a local level, but they are also a danger to residents.

BUSINESS IN BRIEF 24/6

Ministry rejects power price hike; Few faulty Toyota cars sent for repair; Vinacomin to mine coal near Red River; Vietnamese exports to Mexico hit US$72 million; Food exports drive up local prices     

Foreign contractors must give priority to recruiting Vietnamese

“Foreigners who enter Vietnam to implement contracts or projects won by foreigners in Vietnam must give priority to recruit Vietnamese to do the jobs that Vietnamese are capable to do…”

U.S. Fed downgrades growth forecast this year

The U.S. economy is expected to grow between 2.7 to 2.9 percent this year, a downward revision from the April forecast, which saw growth possibly at 3.1 to 3.3 percent, said the Federal Reserve in a statement on Wednesday.

Sugar plants find it hard to sell electricity to EVN

The fact that the Electricity of Vietnam, the only wholesale buyer, always set the purchase prices at low levels do not encourage sugar plants to invest in power.

Experts ring alarm bell over heavy drain on iron ore reserve

Ores, minerals and raw materials have been exported in masses, especially to China. Meanwhile, Vietnamese enterprises have to import the materials to maintain domestic production.

China warns US, deters neighbors

China, on June 22 urged the US to not get involved in the East Sea disputes. Beijing said that the US’ involvement may make the situation worse.

Ocean life facing mass extinction: study

Global warming, overfishing, and other man-made problems are pushing life in the oceans to the brink of a mass extinction unprecedented in millions of years, a study showed on Tuesday.

Two more sites expect UNESCO recognition

The Phong Nha – Ke Bang National Park and the Citadel of the Ho Dynasty of Vietnam are among 37 heritage sites proposed for inscription into the UNESCO World Heritage List as natural and cultural properties.

Vietnam to strengthen defense ahead of Saudi game

VietNamNet Bridge - Vietnam will strengthen its error-prone defensive wall to confront Saudi Arabia in the second leg of the 2012 Olympic qualifiers today after conceding a two-goal loss in the first leg last Sunday.  

Paracel Islands in Vietnam’s ancient textbook

A lecturer in the central city of Hue has announced his discovery of a map with Hoang Sa Archipelago (Paracel Islands) in a primary textbook under King Tu Duc dynasty.

East Sea: Minor moves may become a big deal?

During the international conference on maritime security in the East Sea, international scholars considered the possibility for clashes and an arms race in this region when related parties seem to have tougher attitude.

Room rents escalate, students have to migrate to suburbs

VietNamNet Bridge – Many students have become “smart consumers” when they decide to move to the suburbs, when the room rents have been escalating in the “price storm”.

UN General Assembly elects Nassir Abdulaziz Al-Nasser as president

The UN General Assembly on Wednesday elected Nassir Abdulaziz Al-Nasser, permanent representative of the state of Qatar as the president of its 66th Session, which is due to open this September.

New Events

Exhibition “Shadow” at Bui Gallery; Photo Exhibition “Face to Face with Drugs”; Hanoi Contemporary Art in London; Concert of VNAM’s Young Talents; Special Concert I and II