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Money will flow strongly to stock market

VietNamNet Bridge – A money flow is running to Vietnam’s stock market cautiously but determinedly, according to Le Xuan Nghia, a well known economist, now Deputy Chair of the National Finance Supervision Council.

SOCIETY IN BRIEF 23/12

4,500 tons of wildlife smuggled through Vietnam annually; No evidence found in alleged child abuse; 2 foreigners drown near Phan Thiet, 1 saved; Bus operator skyrockets bus fares for Tet
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Vietnam’s tra and basa fish facing too many barriers

VietNamNet Bridge – Tra and basa farmers and exporters have been warned about various requirements they will need to satisfy in order to export to different markets.

Vinashin to restructure before it can repay corporate bonds

The chairman of troubled shipbuilding group Vinashin, Nguyen Ngoc Su, spoke to Tin Tuc (News) newspaper about rumours that Credit Suisse had refused to extend repayment of its first $600 million of a total $4.2 billion debt.

Korean food “invading” Vietnam’s market

VietNamNet Bridge – For the last decade, Vietnamese people have been talking about the penetration of Korean culture to Vietnam.  Now they are talking about the “invasion” of Korean food in Vietnam’s market.

Six dead, 47 missing in tornadoes over East Sea

VietNamNet Bridge - Forty seven sailors have gone missing and six were confirmed dead as 26 ships have fallen victim to ferocious tornadoes off the Vietnamese coast in the past week.

Swiss firm opposes VN drugs for patent breach

VietNamNet Bridge - Switzerland’s La Roche AG has demanded a Vietnamese firm to stop making Pegnano on allegations the hepatitis drug uses a compound patented in Vietnam.

New tools to counter a rising power crisis

VietNamNet Bridge - The upgrading of transmission lines and power saving tools will help counter the massive upsurge in electricity demand in the past five years.

Exposure brings state-owned banks under scrutiny

The State Bank of Vietnam yesterday ordered five major state-owned commercial banks to make comprehensive reports on their business operations during 2008-10.

Defense minister congratulates general Vo Nguyen Giap

General Phung Quang Thanh, Politburo member and National Defense Minister, December 21 visited and congratulated legendary General Vo Nguyen Giap on the occasion of the 66th anniversary of the Vietnam People’s Army (December 22).

VFF to hold national meeting on Suzuki Cup loss

VietNamNet Bridge - The Vietnam Football Federation (VFF) said it would convene a meeting next month with coaches and analysts to learn why Vietnam - the defending champion - was eliminated from the ongoing Suzuki Cup 2010.

Lower tariffs will make car imports shoot up

Analysts have foreseen that the lower tariffs would lead to sharp increases in the car imports in the time to come. Especially, domestic automobile manufacturers will stop making cars domestically and shift to import cars for domestic sale.

Vinashin to restructure from personnel to mechanism: Vinashin new Chairman

Pointing out “fatal” mistakes in the administration of Vinashin in the past, Vinashin Chairman said that the Vinashin ship, from being nearly sunken, is now pumping out water to gradually float to the surface before being fixed to run again.

Media “scandals” in 2010

VietNamNet’s Vietnam Economic Forum (VEF) reviews the media sector in 2010.

Public Security Ministry: corruption not increase

VietNamNet Bridge – Major General Vu Hung Vuong, Deputy Chief of the General Department of Police (Ministry of Public Security) talked with the media about the recent Transparency International (TI) survey on corruption in Vietnam.

GOVERNMENT IN BRIEF 22/12

Vietnam’s anti-corruption initiative for 2011 introduced; Speaker of Indonesia People’s Consultative Assembly concludes visit to Vietnam; Prime Minister Dung receives outgoing Thai ambassador

HCM City explores sinkhole mystery

VietNamNet Bridge – HCM City's Union of Science and Technology Association has set up a team to discover the cause of the sinkholes that have appeared in many locations in the city.

Nation joins pilot scheme to recycle industrial wastewater

VietNamNet Bridge – Viet Nam has the potential to apply new technologies and resort to reusing wastewater as a key solution to problems of water scarcity and pollution, experts said at a workshop yesterday, Dec 21.

Universities urged to teach ethics, values

VietNamNet Bridge – Pedagogy universities and colleges should offer courses in ethics and values as well as more professional training, speakers at a HCM City workshop said yesterday, Dec 21.

Ring roads to ease congestion

VietNamNet Bridge – The Ministry of Transport has been preparing two ring-road projects designed to ease traffic pressure in HCM City's inner districts and curb the number of people settling in the inner city.