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Who benefits from tourism industry?

All the policies relating to the tourism industry have been bringing benefits to resort developers and tourism project investors, but no benefit to local residents.

Card holders try to avoid ATM transaction fees

VietNamNet Bridge – Commercial banks have been making fat profits from ATM services, but they have decided to collect fees from inner-network transactions as well.

Referendum on the Constitution suggested

National Assembly deputy Nguyen Thi Kim Thuy of Da Nang city proposed the draft amendments to the Constitution, which after being passed by the National Assembly must go through a referendum before it takes effect.

Deep-sea treasures of Vietnam

The information on antiques in the sea always attracts the attention of antiques collectors and traders, as well as fishermen. There were treasures worth of millions of USD found, making the hunt for antiques under the sea never end.

BUSINESS IN BRIEF 6/1

FIEs ready to join “National Branding” fest; ODA funds boost infrastructure plan; FIEs lead on export growth; Quang Ngai seeks new FDI for heavy industry complex; Local makers wring for life

Farmers receive additional aid to cope with disasters

 VietNamNet Bridge – Farmers who have been affected by natural disasters or by crop or livestock epidemics will now receive financial support from the Government at double previous levels in order to help them recover their production.

Congress approves $9.7 bn aid for Sandy victims

 The US Congress has finally approved emergency disaster aid for victims of Hurricane Sandy, but only after a delay that sparked East Coast Republican outrage against their own party leadership.

Gov’t asked to create investor-friendly environment

Vietnam is still a promising destination for foreign investment in 2013, but the Government needs to urgently create a business environment friendly to investors if the country is to continue attracting foreign direct investment.

Hai Phong farmers prosecuted for murder

The People’s Procuracy of northern Hai Phong City announce a decision to prosecute several people involved in coercive land reclamation in Vinh Quang Commune, Tien Lang District, on the charge of murder and resisting on-duty officers.

Perth Glory in talks with Michael Owen - report

 Perth Glory are in talks with the management of Michael Owen about bringing the former England player to Australia's A-League, reports said.

GOVERNMENT IN BRIEF 5/1

  President Sang welcomes Deputy PM of Cambodia; Vietnam, Cambodia accelerate security cooperation; Inspectors given more latitude; Conference on State management of religions

First tropical storm of year appears

 VietNamNet Bridge – Tropical storm Sonamu was 230km east of Viet Nam's Truong Sa (Spratly) Archipelago in the East Sea by 7 p.m yesterday, according to latest report from the National Centre for Hydro-Meteorological Forecasting.

Hanoi on the coldest day

VietNamNet Bridge – This morning, January 5, all primary schools in Hanoi closed because of the biting cold, measured at 9 degrees Celsius.

Despite obstacles, consumer finance market still attractive (part 2)

The biggest obstacle for finance institutions to expand consumer finance services is the government’s policy which does not give support to the sector.

Marine and island sovereignty must be confirmed in the Constitution

VietNamNet Bridge - Many National Assembly deputies said that amending the Constitution this time is a precious opportunity to more strongly assert the country’s sovereignty.

Vietnam to train more vocational teachers

 VietNamNet Bridge – Vietnam will have about 3,000 vocational teachers who meet the quality standards set by the Association of Southeast Asian Nations (ASEAN) by 2015, a Government meeting heard on Wednesday.

Whale of a victory for Saigon Heat

The Saigon Heat, heading into their second season in ASEAN Basketball League action, enter the New Year on a high note after a dominating performance against the Sichuan Blue Whales with an 87-72 victory Sunday night

Banks only offers short-term loans, businesses want long-term loans

VietNamNet Bridge – The credit packages with preferential interest rates offered by commercial banks are all the short term ones, while banks do not intend to push up long term lending.

PM approves additional funds for HIV/AIDS prevention

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved additional funding of US$10.47 million to implement the “Vietnam HIV/AIDS Prevention Project”.

Vietnamese hallmarks in Obama's cabinet

Being elected for the second term, US President Barack Obama has decided to appoint some veterans of the Vietnam War to the most important positions in his cabinet: the Secretary of State and the Secretary of Defense.