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Banks don’t want to ease loan interest rates

The government is considering slashing the lending interest rate to 10 percent in an effort to rescue businesses which have been thirsty for capital. However, this has not been welcomed by commercial banks.

Hung Kings’ worship ritual recognised as cultural heritage

 VietNamNet Bridge – The unique practice of worshipping Hung Kings in Phu Tho province, Vietnam has been recognised by UNESCO as part of the world’s intangible cultural heritage.

Teacher whipped students with rod, students happy to get spanked

A new video clip has been posted on Internet showing a teacher whipping students on their faces.

Navibank Saigon FC dissolved

VietNamNet Bridge - On December 5, Navibank Saigon FC declared its dissolution because the FC did not find any sponsor. Meanwhile, Saigon Xuan Thanh FC is unlikely to attend the 2013 football season.

E-commerce: skipping Beta, marching towards 2.0

A series of investment projects in e-commerce have been kicked off, seemingly promising to heat up the market which remains cool despite the presence of the giant eBay.

Kpop 'intrudes' Vietnam’sculture in 2012

VietNamNet Bridge - In recent years, Korean music has made a stable foothold in Vietnam and created both positive and negative consequences.

Ponds and lakes in Hanoi evaporating

VietNamNet Bridge – Twenty one lakes in Hanoi and 150 hectares of water surface have disappeared over the last 20 years, since 1990.

VN ranks 11th in global risks of cyber attacks

Vietnam is currently at the 11th position among countries facing high risks of cyber attacks in the world, according to the latest report of Symantec, a California-headquartered global computer security software corporation.

The once well-known Vietnamese brands that fall into oblivion

It is quite a normal thing that a brand turns up and then disappears from the market. However, economists say the disappearance of a series of once well-known Vietnamese brands is really worrying.

Sidewalks offer an escape from poverty

 VietNamNet Bridge – For so long the office of hustlers, sellers and scammers, the sidewalk is quickly becoming a place where students and even State employees turn to earn some extra cash.

Many tour operators complain of “brand stealing”

VietNamNet Bridge - Stealing a business name--leading to confusion for customers and affecting the reputation is a big concern of many tourism firms.

Global mobile phone market slowing down in 2012: report

 Worldwide mobile phone market is expected to grow only 1.4 percent year over year in 2012, the lowest annual growth rate in three years, research firm International Data Corp. (IDC) predicted in a report on Tuesday.

BUSINESS IN BRIEF 7/12

Industry still leading tax contributor; Central growers fear damaging drought; Banks move on soft home loans; Fake goods pose economic and health risks; Rice output estimated at 43.7 mln tones in 2012; PPP likely brings in $80 billion in decade

Bopha storm track ‘complicated’

After pounding the Philippines, powerful storm Bopha entered the East Sea on December 5 and is likely to change its course.

Private business confidence undermined

With their confidence in Vietnam’s business environment badly damaged, private entrepreneurs urged the Government to carry out reforms while ensuring macroeconomic stability in order to overcome the current difficult situation.

SOCIETY IN BRIEF 6/12

  Pot-holes appear after rush-job; Bach Mai Hospital saves Japanese; Combating corruption in Vietnam; Vietnam joins 2012 Jakarta Charity Bazaar, Gender crisis put under the spotlight

Vietnam falls 11 grades in Transparency International’s corruption index

VietNamNet Bridge - According to the 2012 corruption perception index (CPI) released by the Transparency International (TI), Vietnam ranks 123 out of 176 countries and territories, dropping by 11 grades from last year. 

Fashion week to showcase Spring, Summer designs

 VietNamNet Bridge – Viet Nam Fashion Week kicks off tonight at the Ha Noi Daewoo Hotel, with a taste of 19 collections (600 designs) by veteran and emerging designers to be shown during the week.

HCM City police arrest container thieves

VietNamNet Bridge – HCM City police have arrested six gangs of container thieves, totaling 51 people, who made a series of thefts at the city’s ports and warehouses, worth $1.3 million.

IOC bides time with Armstrong Olympic medal

 Disgraced cyclist Lance Armstrong will be able to hold on to his Olympic bronze medal from the time-trial event at the 2000 Games in Sydney for at least a little longer, the International Olympic Committee has said.