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Expert: Dollar interest rate policy distorts market

 The zero rate policy of the State Bank of Vietnam for dollar deposits by enterprises and individuals has made banks’ operations less transparent and distorted the currency market, a lecturer at the Fulbright Economics Teaching Program said.   

Chairman of Government Office welcomes U.S. Assistant Secretary of State

 Chairman of the Government Office Mai Tien Dung on May 10 received Assistant Secretary of State for East Asian and Pacific Affairs Daniel R. Russel to make preparations for U.S. President Obama’s upcoming visit to Vietnam in late May.

Quang Ninh to host exhibition on ASEAN photos and documentary films

An exhibition of photos, reportage and documentary films on peoples in the ASEAN Community is scheduled to be held from May 14-17 in Tuan Chau Island in Ha Long, Quang Ninh province.

Sunrise and sunset over Truong Sa archipelago

With two weeks floating on boat, visitors will have chance to admire breath-taking sunrise and sunset over islands of Truong Sa (Spratly Islands).

Exhibition admires beauty of lotus flower

 A total of 42 paintings honouring the beauty of the lotus flower are on display at an exhibition which opened in Hanoi on May 12.

Ministry inspects mass fish deaths on Buoi River

  The Ministry of Natural Resources and Environment has sent an inspection team to analyse the waste water treatment systems at three companies following the mass fish deaths on the Buoi River in Thanh Hoa Province.

HCMC approves $437 million flood management project

  Funded by International Bank for Reconstruction and Development and the State budget, project to be implemented from 2016 to 2020.

Vietnamese government eyes solar energy

 Deputy Prime Minister Trinh Dinh Dung chaired a meeting on May 11 with ministries and departments to discuss appropriate mechanisms and incentives to develop solar energy.

Quang Nam starts tourism year

The government of Quang Nam Province has kicked off the 2016 tourism year in the upland district of Tay Giang.

PM orders sale of multimillion dollar steel and iron plant

 The VND8 trillion ($361.4 million) Thai Nguyen iron and steel plant-phase 2, invested by Thai Nguyen Iron and Steel JSC (TISCO), is finding potential investors, according to newswire Tuoitre.vn.

Indian inspired fashion on Saigon street

The latest collection by designer Li Lam is inspired by Indian fashion. The colourful dresses were featured on Nguyen Hue walking street.

A breath test for malaria

 Diagnosing malaria may soon be as easy taking a simple breath test, according to researchers.

BUSINESS IN BRIEF 13/5

Car sales record 42 percent annual surge in April, Cashew from the heart to the world, Korean cosmetics and food enterprises look for Vietnamese match, Construction of airport near Sa Pa could start next quarter

Viettel selling part of Cambodia ops

 Viettel is inviting interested investors to buy part of its Cambodian operation Metfone, according to newswire vneconomy.vn.

More localities to pilot electric vehicle tourism service

 The Prime Minister recently approved the use of electric four-wheel vehicles for tourism in the central province of Quang Nam and the southern province of Kien Giang.

Vietnam, Laos work in training personnel for politics research

Laos appreciated the Vietnamese Party’s support for training personnel for the country’s political system, said Phankham Viphavanh, a politburo member and standing member of the Secretariat of the Lao People’s Revolutionary Party Central Committee.

Lao Prime Minister’s Vietnam visit to step up all-around links

  Lao Prime Minister Thongloun Sisoulith’s official visit to Vietnam from May 15-17 looks to bolster the traditional friendship, special solidarity and comprehensive cooperation between the two nations.

Japanese firms flock to Vietnam’s real estate market

 The property market in Vietnam has seen an influx of Japanese capital recently, with many projects carried out under partnerships between the countries’ enterprises.

Race for seats at secondary schools begins

VietNamNet Bridge - The competition among students for seats at star secondary schools is expected to be ‘scorching hot’ this year as schools plan to reduce enrollment quotas in an effort to improve education quality.

Thai billionaires pour more money into Vietnam

VietNamNet Bridge - The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.