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Banking sector seeks magic number through M&As

 Effective restructuring is vital for local commcercial banks to survive the coming tough competition after the market is fully liberalised in line with ASEAN Economic Community commitments.

Vietnam to spend over $330mil on stamps for brewery products

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has requested brewery enterprises to stamp their products, a solution the ministry believes is important to avoid trade fraud.

In pictures: Processing dried largehead hairtails in central Vietnam

 VietNamNet Bridge - Visitors traveling along the coast of Quang Nam province in central Vietnam will have a chance to see largehead hairtails caught by local fisherman.

Hue Citadel seen from aerial cameras

 VietNamNet Bridge – The 520ha Hue Royal Citadel, a UNESCO World Cultural Heritage, is covered by green when it is viewed from above.

Lump-sum pensions for review

 VietNamNet Bridge – Deputy Minister of Labour, Invalids and Social Affairs Pham Minh Huan said workers should reconsider demands for a one-time pension payment since a monthly pension plan may actually benefit them more,

Tim Peake asks for help in space food science experiment

 Britain's astronaut, Tim Peake, has invited school children to help him in an experiment to learn more about how to grow food in space.

Businesses fear dong depreciation will increase capital costs

VietNamNet Bridge - In theory, every 1 percent dong devaluation would lead to a 0.2 percent increase in the inflation rate.

Mekong faces drought, salinity

 VietNamNet Bridge – The ongoing drought has seriously affected farms and households in the Mekong Delta, causing water shortages for thousands of families in the provinces of Kien Giang, Ca Mau, Ben Tre and Tien Giang.

IADL appeals lawsuit for Vietnamese dioxin victims

 The International Association of Democratic Lawyers last week voiced its strong support for Vietnam’s Agent Orange victims ahead of lawsuits against U.S. chemical companies which will take place in Paris next month.

BUSINESS IN BRIEF 19/5

 Imported cars to cost more after tax changes, Central Highlands secures over 30 investment projects, Speeding up restructuring of banking system, Steel imports from China shoot up, Finance banks talk development

Ten national records broken at swimming championships

 Ten national records have been broken after two days of competition at the ongoing National Junior Age-Groups Swimming Championships in Ha Noi.

Colombia landslide kills dozens in Antioquia province

 More than 50 people have been killed in a landslide in Antioquia province in north-west Colombia, officials say.

Taylor Swift dominates Billboard music awards

 Pop star Taylor Swift has swept the board at the Billboard music awards, winning eight of the 14 categories in which she was nominated.

Social News 19/5

Over $7.8 mln for Central Highlands social security, Morning fire destroys central market kiosks, Quang Nam farmer killed after finding bomb, Lightning claims woman's life in Quang Tri, Husband, wife charged with $2.2m fraud

Talk show on books about Saigon to open in town

 Talk show on books about Saigon to open in town, Symphony to feature VN soldiers, Film on President Ho Chi Minh debuts in Thailand

Hot spell forecast to continue

 The ongoing hot spell is projected to continue hitting crops and people’s daily activities in the central and southern regions of the country in the next few days, according to the national weather center.

President Ho Chi Minh's revolutionary govt was unique

VietNamNet Bridge – In a picturesque region of Viet Nam a future leader was born. Known by over 170 aliases throughout his life, he is best recognised as Ho Chi Minh. For those who supported his way to gain Vietnam its independence,

US mutual fund buys 1.8 million FPT shares

 A US mutual fund, the Kuroto Fund, has purchased 1.8 million FPT shares at a cost of more than VND88 billion (US$4.05 million).

Giant lotus portrait of President Ho Chi Minh set a world record

 A giant portrait depicting late Vietnamese President Ho Chi Minh made of thousands of lotuses was recognized as the world’s largest of its kind by the World Records Union (Worldkings) on May 16.

Low-cost Indian cars not expected to be sold well in VN

VietNamNet Bridge - Analysts don’t think Tata Nano, the cheapest car model from India, would sell well in Vietnam, saying that though Vietnam is a poor country, its people only accept luxury products.