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VAMC buys VND40-trillion bad debts in January-May

 VietNamNet Bridge – Vietnam Asset Management Company (VAMC) looks to purchase bad debts totaling around VND40 trillion (US$1.8 billion) by the end of this month,

Vietnam’s rice exports drop as Thailand offloads overstocks

 Vietnam’s rice exports have struggled to compete with cheaper shipments from Thailand in the first four months of 2015 as the Thai government has sought to offload inventories at highly discounted prices.

Japanese capital moves towards trade sector

VietNamNet Bridge - Vietnamese trading companies are being eyed by many Japanese investors who are planning to join the domestic market.

Vietnam needs more action to combat climate change

 VietNamNet Bridge – Viet Nam has been told to strengthen its response to climate change by including strategic investment in a low-carbon future in its planning and budgeting strategy.

Visiting Dao San kermis

 VietNamNet Bridge – For generations, kermis has become a cultural trait of people in the mountainous region as this is a place for trading goods, for the elderly to meet and chat, for children to play, and also for young adults to find partners.

Social News 22/5

The first U.S. Travel Forum held in Hanoi, Mekong Delta province prosecute 40 for cigarette smuggling, Two Korean fugitives wanted by Interpol arrested in VN, Three Chinese drug traffickers arrested in Vietnam

Art & Entertainment News 22/5

2015 Celtic music festival in Hanoi this weekend, Ben Tre to hold fruit festival, HCM City kicks off Southern Cuisine Festival 2015, Heart Beat brings Italian DJ to Pulse party, Horse race as highlight of cultural week in Lao Cai

Ban Ki-moon arrives in Vietnam

UN Secretary General Ban Ki-moon and his wife arrived in Hanoi this morning for a two-day official visit to Vietnam at the invitation of President Truong Tan Sang.

VN teacher honored at Microsoft Global Education Forum

Vice Principal of Duc Tri Secondary School, HCMC, Nguyen Thi Lieu won the first global Pitch prize at the 2015 Microsoft Global Education Forum under theme “Global Educator Challenge” in the US.

Cisco Vietnam has new general director

 Cisco, a global IT leader, today announced the appointment of Luong Thi Le Thuy as the new general director in Vietnam, responsible for Cisco® business and operations in the country.

Nine Vietnamese footballers banned from competitions in Asia

 The Asian Football Confederation (AFC) has imposed competition ban on 9 Vietnamese footballers who were detained for match fixing allegations at the AFC Cup 2014.

Goalie Manh not leaving for Thailand

 The Viet Nam national team's goalkeeper, No 1 Tran Nguyen Manh, did not leave for Thailand with his team yesterday morning because of an injury.

UN chief: Vietnam has made remarkable progress towards achieving MDGs

VietNamNet Bridge – The United Nations Secretary General Ban Ki-moon has granted an interview to the Vietnam News Agency before his visit to Vietnam from May 22-23, in which he talked about the aims of the visit and made recommendations

Prostate cancer gene map points way to targeted drugs

 Scientists have unveiled a comprehensive genetic map of advanced prostate cancer, hailing it as the disease's "Rosetta Stone".

Figures on luxury cars reveal wealth of Vietnamese upstarts

Ten of the 50 Mercedes-Maybach S600 cars to be made in 2015 have been ordered by Vietnamese. Most of the world’s famous fashion brands are present in Vietnam. The country is the seventh-biggest gold consumer in the world.

Ethnic minority children through lens of local photographer

 VietNamNet Bridge – The life of ethnic minority children in mountainous areas have been vividly reflected through photos taken by photographer Tran Binh An.

Photos: Cheap hostels serve backpackers in Da Lat

Hostels, a kind of cheap hotel that offers both dorms and private rooms, have appeared Vietnam in recent years. They attract foreign backpackers. In the Central Highlands city of Da Lat, a hostel blooms with youthful, fancy designs.

MOET blamed for increasingly high number of unemployed graduates

VietNamNet Bridge - The Ministry of Education and Training (MOET) must bear full responsibility for the increasingly high number of unemployed university graduates, experts say. 

BUSINESS IN BRIEF 22/5

 Dong Nai holds dialogue with Taiwanese businesses, RoK approves 77 million USD loan for Vietnam, Nine enterprises sued for social insurance evasion, Metropolitan building seen becoming all foreign-owned, Small-cap firms to move to northern bourse

Gov’t report: GDP growth high despite oil price volatility

 Despite concerns over the negative impact of the world oil price plunge, gross domestic product (GDP) growth last year and in the first quarter was higher than targeted.