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Ministry, economists disagree on using ODA for support industries

The Ministry of Planning and Investment (MPI) has said that the official development assistance (ODA) is reserved for investment and development, not for commercial purposes. Economists say that ODA is not a ‘magic wand’ for support industries. 

Bizarre houses on Hanoi’s new roads

 VietNamNet Bridge – Along the roads of Tran Phu, Nguyen Van Huyen, O Cho Dua - Hoang Cau in Hanoi are many ultra-thin, misshapen houses.

12 grader wins contest for water-wielding machine

 VietNamNet Bridge – Two 12th grade students from Ninh Binh Province won a prize for an invention that uses water to cut and weld stainless steel. It's even environmentally friendly and safe to use.

Travellers take tours to sites from famous film

 VietNamNet Bridge – Tour groups in central Viet Nam take tourists on journeys inspired by the best-selling movie I See Yellow Flowers Upon the Green Grass.

$23 million HCMC tunnel to ease traffic woes

 Tunnel in District 12 and Hoc Mon district to ease congestion at troublesome An Suong intersection.

Light art to illuminate national museum

 VietNamNet Bridge – The Viet Nam Fine Arts Museum will be lit up splendidly during a light art performance by German trio The Core on November 13 and 14.

Cost of not acting on climate change: US$33 billion

 VietNamNet Bridge – Up to US$33 billion could be going up in smoke annually by 2030 if Vietnam does not act on climate change,

Vietnam must fight corruption

 VietNamNet Bridge – Pham Anh Tuan, deputy director of the Central Party Commission for Internal Affairs, spoke to Tien Phong (Vanguard) newspaper on Viet Nam's efforts to battle corruption.

BUSINESS IN BRIEF 8/11

Sabeco to sell Eximbank stake, CBU automobiles double this year, Max Mara opens first store in Vietnam, Three enterprises listed most valuable VN brands in ASEAN, Lam Dong seeks help to save tea sector

Education reform a must for Vietnam

 Prime Minister Nguyen Tan Dung said on Thursday that the National Council of Education and Human Resources Development must consult with the country's intellectuals to reform Viet Nam's education sector.

UN Secretary General’s secret visit to VN family temple

Local newspapers recently reported about a personal visit made by the UN Secretary General Ban Ki-moon to the temple of forefathers of Phan Huy family in Hanoi in May 2015. The information has ignited rumors on the Vietnamese origin of Mr. Ban.

ANZ: Vietnam standing out in emerging markets

 Vietnam’s economy is a rare light amid the gloom in most emerging markets, according to the Vietnam Economic Update November 2015 from ANZ.

Vietnam needs more houses for low-income earners

 Vietnam needs to raise policies and solutions to hasten housing development for low-income earners in urban areas and industrial zones in an effort to improve their living standards.


Virtual fireworks competition set to fire on screen in Da Nang

 VietNamNet Bridge – Da Nang will host a virtual fireworks competition next year as a biennial event, which will alternate with the Da Nang International Fireworks Competition.

Investors cautious over VN bank shares

 Though local state-owned enterprises wishes to sell stakes in banks to which they contributes capital, no foreign investors want to buy such stakes unless the foreign ownership limit at banks is lifted.

Being disabled does not mean being inferior

 VietNamNet Bridge – Ta Dinh Han, 38, a blind man, and his disabled wife, Vu Thi Thanh, have finally realised their dream of buying a spacious house after 10 years of constantly working for between 15 hours and 17 hours per day.

Two dozen VN rail firms to go private

 Twenty-four member companies of the Viet Nam Railways (VNR) will make their initial public offerings (IPOs) by December 31, government portal chinhphu.vn reported.

Hanoi loses 72,000 square metres of lake in five years

VietNamNet Bridge – Hanoi has lost about 72,000 square metres of lake over the last five years according to a recent report by the Centre for Environment and Community Research.

Vietnam outlines food safety goals

The Ministry of Agriculture and Rural Development announced during a meeting in Hanoi on Thursday that it plans to work with relevant agencies to examine and ensure food safety, which it identified as an urgent task.


Vietnam's overseas remittances hit $3.7b in October

  Vietnamese remittances from overseas to HCM City, one of the country's leading destinations for remittances, hit US$3.7 billion by the end of October, a year-on-year increase of 13 per cent.