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Vietnam’s tallest building to be sold to pay debts

VietNamNet Bridge - Seoul Court has issued a decision permitting the sale of the 72-storey tower of Keangnam Group in Hanoi to solve debt problems. Keangnam Group is facing a serious crisis and at risk of bankruptcy.

Vietnam Economic Report 2015 announced

 The Vietnam Economic Report (VER) 2015 gives two scenarios for growth and inflation. Accordingly, growth may reach 6.1% and inflation will cap-off at 1.9% (scenario 1) or an overall growth of 6.3% with an inflation rate of 3.2% (scenario 2).

Law on Sea and Island Natural Resources and Environment considered

 National Assembly deputies are scheduled to debate the Law on Sea and Island Natural Resources and Environment in the next few days. Once approved, this new law will create a legal framework for state management of Vietnam’s sea and islands.

RoK, Vietnam strengthen defence cooperation

 Vietnam Defence Minister Phung Quang Thanh and his Korean counterpart Han Min-koo held talks in Hanoi on May 28, discussing measures to boost defence cooperation between the two countries.

No visa fee proposed for int’l travelers

 VietNamNet Bridge – The Vietnam Tourism Association has proposed the Government exempt all international visitors to Vietnam from the visa fee from July and December this year to rein in the continued fall in foreign arrivals.

Vietnamese spend too much money on consumer goods, says NA deputy

VietNamNet Bridge - Vietnamese, the citizens of a low-average income country as listed by the World Bank, are known in the world as spendthrifts, a National Assembly deputy has said.

In photos: Obsolete motorcycles still run on Hanoi streets

 VietNamNet Bridge - It is common to see very old motorbikes on the roads of Hanoi, some with only the frame, carrying bulky cargo.

Art & Entertainment News 28/5

Concert combines rap, funk and other genres, Exhibition at Manzi features surrealism, French movies to be shown in TPD, L'Espace, Music nights at The Observatory to start, Veteran author's children's books reissued

Why do bad contractors in ODA projects still exist in Vietnam?

VietNamNet Bridge - The mismanagement of the watchdog agency is the main reason behind low-quality construction works and bad contractors in Vietnam.

Four more bears die in Quang Ninh

 Animals Asia Viet Nam confirmed on Tuesday that four more bears have died in one of the bear farms in Quang Ninh Province.

Lobster traps removed to save sea resources, tourism

 VietNamNet Bridge – More than 15,000 illegal lobster traps have been removed from the beach area of Phan Thiet after nearly two months.

Symphonic poem to be narrated, acted out for kids

 VietNamNet Bridge – The Viet Nam National Symphony Orchestra (VNSO) will perform the symphonic poem Till Eulenspiegel's Merry Pranks on Sunday in Ha Noi.

10 Months 10 Docs project honours young filmmakers

 VietNamNet Bridge – Three outstanding short documentaries made by young Vietnamese filmmakers were screened yesterday evening in Ha Noi, as part of the closing ceremony of the 10 Months 10 Docs project.

Nam rises to 12th in world rankings

 VietNamNet Bridge –Viet Nam's Ly Hoang Nam jumped two spots to 12th in the world junior rankings, after his entry into the 56o Trofeo Bonfiglio clay-court tournament's quarter-finals in Italy last week.

Vietnam face Japan in playoff

 Striker Nguyen Van Toan is not ready to play in Viet Nam's opening match in the Southeast Asian Games' Group B on Friday in Singapore.

VN in shape for SEA Games' opener

 VietNamNet Bridge – Coach Toshyia Miura of Viet Nam said that his team were ready for the Southeast Asian Games.

BUSINESS IN BRIEF 28/5

 Malaysia says VN is dumping steel, SBV suspends GP Bank leaders, Vietnamese people spend over US$12 mil daily on car imports, Ministry cuts interest on State investment, Hopes rise as real-estate market improves

Vietnam seen becoming base for global manufacturers

 VietNamNet Bridge – Experts and investors at a conference in HCMC on May 25 said Vietnam is poised to become a major base for manufacturers around the world.

Street cameras curb crime in HCM City

 Police in Ward 12, Go Vap District, HCM City have spent more than VND1 billion (US$45,900) installing hundreds of cameras along streets and residential areas to curb crime.

Businesses still wait for guidance on litchi exports to US, Australia

VietNamNet Bridge - The US and Australia have announced they are willing to import Vietnamese litchis in large quantities, but businesses must meet strict import requirements.