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Unreasonable finance mechanism makes it difficult to call for private capital

In order to increase the investments in science and technology, Vietnam needs to think of calling for investment capital from the private sector rather than relying on the state budget.

Job creation plan remains on track

In the first half of the year 734,000 jobs were created, accounting for slightly less than half of the full year's target, officials from the Ministry of Labour, Invalids and Social Affairs said at a seminar on Tuesday.

Students are the biggest victims of illegal joint training programs

Joint training programs have been booming. The watchdog agencies say they are not powerful enough to control all the programs.

State firms key actors in restructuring

NA Economic Committee deputy chairman Nguyen Duc Kien sheds some light on Vietnam’s growth perspective and what state firms should do to ensure the success of the government’s ongoing economic restructuring commitment.

SBV publicises data of credit activities for the first time

Total national lending contracted 0.59 per cent in the first four months, reaching about VND2,617 trillion (US$125.82 billion) on April 30, the State Bank of Viet Nam announced.

Hi-tech projects: foreign guests reap more fruits than the landlord

Samsung and Nokia have announced the huge investment projects worth billions of dollars, planning to earn billions of dollars a year from exports. Meanwhile, Vietnam, as the landlord, only would be able to collect little money in tax from them.

HCM City turns to reservoirs as new crude water source

HCMC plans to turn to Tri An and Dau Tieng reservoirs as a backup source of crude water due to a severe saltwater intrusion and a worsening pollution in Dong Nai and Saigon rivers that have long been supplying water for the city.

Tragicomedy at rubbish washing village

VietNamNet Bridge – There is a commune in Hanoi where hundreds of people earn their living by washing refuse.

Overseas study, the cure for spoilt teens

VietNamNet Bridge – Some families are fed up with their naughty children and they try to get rid of them by sending them abroad to study.

Wild birds are crying

VietNamNet Bridge – In recent years, rich people in big cities of Vietnam have acquired a new hobby: raising wild birds.

BUSINESS IN BRIEF 23/6

Investors flagrantly abuse insider trading loopholes; Exports to EU on the rise; Bad debts stand at 10pct of 2011 GDP, on the rise; Vietnam remains world’s top pepper exporter; First private equity in telecom network   

Vietnamese archaeologists have doubts of 3,500-year toilet discovery

VietNamNet Bridge - A team of Australian and Vietnamese archaeologists have found what they believe is the earliest toilet in the southern province of Long An. However, Vietnamese archaeologists have expressed their suspicion over the discovery.

SOCIETY IN BRIEF 22/6

Former maritime chief wanted internationally; Market access helps cut poverty for poor people; Crackdown on food safety; Old lady becomes hero for stopping hit-and-run man

HCM City tips canal cleanup to be completed soon

VietNamNet Bridge – The first phase of HCM City Environmental Sanitation Project is expected to be completed by the end of this month, as scheduled, according to the project management board.

ART & ENTERTAINMENT IN BRIEF 22/6

India helps to restore My Son heritage site; Hollywood director to lecture at IDECAF in HCM City; Composers' association publishes romantic songbook

Developers avoid building worker housing

VietNamNet Bridge – Capital shortage still poses a major bottle-neck in developing rental housing for workers in industrial zones of Ha Noi, said director of Ha Noi Industrial and Export Processing Zone Authority (HIZA) Nguyen Xuan Chinh.

US dollar depreciation shows the sign of economic downturn

The US dollar depreciation in recent days and the low demand show an ominous sign: the enterprises’ production capacity and the consumer market are weakening.

Nghe An: Hundred people chase dog catchers

VietNamNet Bridge – Hundreds of people in Nghi Phu commune in the central province of Nghe An flocked to the road to run after two dog thieves. One was seized and beaten.

Nation commits to better employment policies

VietNamNet Bridge – Viet Nam has committed to giving bigger emphasis to employment policies by ratifying the International Employment Policy Convention (known as Convention 122) last week.

Young bands to show off during ‘Summer Sessions'

VietNamNet Bridge – More than 100 young people aged between 18 and 23 will compete in a music competition, titled Summer Sessions, to be held at Li Do Bar in My Khe Beach this Sunday.