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Will Vietnam fall into the middle-income trap?

 VietNamNet Bridge – If Vietnam’s GDP grows by 5.6-5.8 percent in 2014 as economists predict, this will be the fourth year Vietnam has obtained a modest economic growth rate.

Kelly Clarkson to perform in Miss Vietnam Pageant finals

 American pop star Kelly Clarkson will take the stage on December 6 at the final round of the 2014 Miss Vietnam national beauty pageant.

Hanoi’s Dong Tru arch bridge opens to traffic

 The Dong Tru arch bridge, made of steel tubes filled with cement, was opened for safety testing in Hanoi on October 9 as part of the extended Highway No. 5 project.

Thousands sign petition on Tax Plaza preservation

VietNamNet Bridge – Hours after a representative of the Honorary Consul General of Finland in HCMC proposed local authorities preserve parts of the Saigon Tax Trade Center due to be demolished soon, hundreds of locals have signed

VN Prime Minister to visit Belgium, EU, Germany, Vatican

 Prime Minister to visit Belgium, EU, Germany, Vatican; Deputy PM meets Russian Security Council officials; Vietnam to impart developmental knowledge to Laos; NA delegation pays working visit to France

Vietnam prioritises Japan in foreign relations

 Vietnam has always considered fostering the comprehensive relationship with Japan as one of the top priorities laid down her external policy, Deputy Prime Minister Nguyen Xuan Phuc has stated.

Law makers scrutinise Gov’t 2014 reports

 The National Assembly Standing Committee examined several Government reports on the implementation of socio-economic tasks in 2014 and draft plans for 2015 during the last day of the committee’s 32nd working session on October 9.

China's Hoang Sa airstrip ‘illegal'

China’s efforts to construct a 2,000m airstrip on Phu Lam island in Vietnam’s Hoang Sa are unfounded and do not alter the fact that Vietnam holds indisputable sovereign rights over the archipelago, Foreign Ministry Spokesperson Le Hai Binh said.

Thousands of Chinese workers in Ha Tinh lack permits

 VietNamNet Bridge – Thousands of Chinese people are working without permits at Formosa Company in Vung Ang Industrial Park, one report showed.

Pristine beaches north of Van Phong Bay

 VietNamNet Bridge – In the North of Van Phong Bay, about 100 kilometers from Nha Trang City near Dam Mon Town, tourists can see many pristine beaches surrounded by dense forests and sand dunes.

Mobile subscribers annoyed by networks’ do-nothing attitude about spam

Mobile subscribers complain that telecommunication services have become unbearably inconvenient: they are bothered every day with spam messages, are being swindled out of money, and are increasingly annoyed with mobile network operators’ attitudes.

East Sea: 100-year experience for Vietnam

 VietNamNet Bridge - For over 100 years, settling inland or marine disputes by international law has been chosen by many countries in the world.

Vinalines restructuring gets a further boost

 VietNamNet Bridge – Strong measures are being proposed to put struggling Vinalines, once a leading player in the shipping business, back afloat.

Social News 10/10

Firm fined for making cosmetics with dubious formula; Road accident caused five casualties; Coffee shop fire kills one in District 1; Ethnic minority goals lack funding; Weather forecast bulletin receives European awards

BUSINESS IN BRIEF 10/10

WB: Vietnam economy grows beneath potential; VND24.5 trillion needed for Trung Luong-Can Tho expressway; Vietnam rice exports to rise by 6%: FAO; Russia rejects Vietnamese frozen basa fish; New decree reduces 88 tax payment hours

Draft law requires banks to offer consumer credit via finance companies

 VietNamNet Bridge – Commercial banks will be forced to stop providing consumer loans if they don’t have finance companies of their own, under a draft document being compiled by the State Bank of Vietnam.

Vietnam wraps up 17th Asiad with many “firsts” recorded

 VietNamNet Bridge – The 17th Asian Games wrapped up after 14 days of formal competition, with Vietnam failing to meet the 2-4 gold medal target, winning only one in its 36 medal tally.

Junior colleges to change hands as part of education overhaul

The decision by the government to remove junior colleges and vocational intermediate schools from the Ministry of Education and Training (MOET) and merge them with the vocational training system has raised major concerns.

Passengers should not expect lower airfares for Tet holiday

 VietNamNet Bridge – Air carriers, including budget airlines, are not planning to lower fares during the Tet holiday. Tickets for a Hanoi – HCM City flight on one airline, for example, are now selling for more than VND3 million each.

Sports News 9/10

Vietnam sends athletes to compete at Asian Para Games II; Le Quang Liem vies for stake at Millionaire Chess Open; Thanh enters world women's vault finals in China; Vietnamese football squad defeated by Japanese students