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Excessive FDI incentives will nullify benefits to society, say experts

Tax incentives offered by Vietnam to foreign direct investors help attract business and improve the competitiveness of the country in the global economy. However, when things go beyond the framework, there will be a “competitive race to the bottom”.

Zither fest attracts int'l patriots

 VietNamNet Bridge – Fourteen overseas Vietnamese musicians have returned to Viet Nam to perform at a zither festival organised by the HCM City Conservatory of Music and the city's Labour Cultural Palace from June 30-July 4.

Liem is seeded World No 5

 VietNamNet Bridge – Grandmaster Le Quang Liem is seeded No 5 in the International Chess Federation's blitz chess category in the July list.

Travellers describe Vietnam as environmentally friendly

 VietNamNet Bridge – Both foreign and local travellers involved in a EU-funded survey in Vietnam say all the destinations they arrive at are environmentally friendly, and visitors respect local cultures and environments.

Samsung gets go-ahead for $1b plant

 The People’s Committee of northern Bac Ninh province on July 2 granted an investment license to Samsung Display Co, Ltd for a US$1 billion project in the Yen Phong Industrial Park.

No changes to year's growth goals

 VietNamNet Bridge – Socio-economic goals set at the beginning of the year should not be changed despite several challenges facing the country, participants at a Government meeting said on July 1.

Cartoons set to entertain kids

 VietNamNet Bridge – Viet Nam Cartoon Studio (VCS) and its associates are screening 60 animation films for children in Ha Noi as part of the 2014 Cartoon Film Week to usher in the summer holidays.

China closing border gates?

 VietNamNet Bridge – China has warned that it may close some border gates it shares with Vietnam, claiming it as intended to strengthen its supervision of trade activities. However, economists believe this is just a hollow threat.

Political News Headlines 3/7

 Mozambican defence delegation visits Vietnam; Nicaragua ties may strengthen; Belarus hopes for strategic partnership with Vietnam: Ambassador; Vietnam, Australia cooperate in crime prevention

Government office clears up socio-economic issues

 Minister and head of the Government Office Nguyen Van Nen fielded questions about steps against negative impacts on socio-economic development arising from the ongoing East Sea dispute at the Government’s monthly press briefing in Hanoi on July 1.

Voters ask PM to take tough stance on East Sea

 Voters in this northern port city have asked the Prime Minister, Nguyen Tan Dung, and National Assembly deputies, to take more resolute measures to get China to withdraw its oil rig from Vietnamese waters.

Vietnam, Philippines issue joint press release

 Vietnam and the Philippines on July 2 issued a joint press release on the occasion of the visit to Vietnam of Secretary of Foreign Affairs Albert F. Del Rosario.

Philippines joins protest against Chinese aggression

 Prime Minister Nguyen Tan Dung hosted a reception in Hanoi on July 2 for Philippine Foreign Minister Albert F. del Rosario.

10 things American tourists love to do in Vietnam

 VietNamNet Bridge – The Huffington Post has listed 10 things that American tourists should do when they visit Vietnam, including going to the traditional market and singing karaoke late at night.

The man who restores life to discarded items

 VietNamNet Bridge – After 35 years at work, a Ho Chi Minh City sanitation worker has used his skilled hands to create more than 1,000 products from discarded items.

Air conditioning behind jump in electricity bills, says EVN

 VietNamNet Bridge – Ha Noi Electricity Corporation (EVN Ha Noi) on Monday responded to complaints by consumers, who claimed they had paid two or three times more for electricity last month despite normal consumption.

Caribbean coral reefs 'could vanish in 20 years'

 Many of the Caribbean's coral reefs could vanish in the next 20 years, according to a report published by the International Union for the Conservation of Nature (IUCN).

ICT service market grows by 10 per cent

 VietNamNet Bridge – Despite macroeconomic challenges, spending in Viet Nam for IT services increased 9.9 per cent to US$446 million in 2013, according to the International Data Corporation (IDC).

A harasser crying “Stop harassing!”

To find excuses for the action of China in Vietnam's waters, the China's Ambassador to Thailand did not hesitate to re-write history, fabricate facts and use twisted arguments to hide the truth. So what truth is he trying to cover?

Impacts of East Sea tensions on economy weighed

 VietNamNet Bridge – Vietnam’s economy would not suffer much if China suspended trade with Vietnam due to the East Sea tensions triggered by its illegal placement of a giant oil rig deep inside Vietnam’s waters,