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Risk provisioning against bad debts pulls bank profit down

Commercial banks have reported unsatisfactory business results for the third quarter of the years because of the high risk provisioning against bad debts.

Motorcycle robber arrested with $150,000 in boot

VietNamNet Bridge – After using an electronic whip to rob a scooter, the robber sped along the street. Traffic police stopped him for breaking traffic rules and discovered nearly $150,000 in his boot.

Soc Trang: Deep in debt, seafood tycoon runs away

 VietNamNet Bridge – Lam Ngoc Khuan, Chairman of Phuong Nam Food Processing JSC, based in Soc Trang province, has gone abroad for “medical treatment”, leaving VND1.6 trillion ($80 million) of debts.

National Assembly considers execution by shooting

Many National Assembly deputies suggested a temporary return to execution by shooting to avoid psychological stress for more than 500 prisoners under death penalty and the custodial agencies, while Vietnam is unable to produce poisons yet.

Vietnam recalls baby vaccine over bacteria fear

After a report by GlaxoSmithKline that a small amount of Bacterium Bacillus Cereus was found on the surface of a vaccine manufacturing line, a precautionary recall is being made of the product by Vietnam’s health watchdog.

Vietnamese-French novelist among finalists for top book prize

 VietNamNet Bridge – The novel Lame de fond (Undertow) by Vietnamese-French writer Linda Le is among four finalists of this year's French literature Goncourt Prize.

Mogul gives Saigon Xuan Thanh FC to HCM City

VietNamNet Bridge – On November 1, the Xuan Thanh Group of boss Nguyen Duc Thuy announced to offer the Saigon Xuan Thanh football club to HCM City for free.

U.S. consumer confidence rises to highest level since 2008

 U.S. consumer confidence rose to the highest level in more than four years thanks to recent improvements in the jobs market, according to figures from a private research group on Thursday.

Vietnam to host first ever paragliding tournament

VietNamNet Bridge – Vietnam’s first ever paragliding competition will be held in Lac Son district in the northern province of Hoa Binh from November 16-18.  

Vietnam, IAEA strengthen cooperation

 VietNamNet Bridge – The International Atomic Energy Agency (IAEA) will continue to closely cooperate with and assist Vietnam in the field of its charge, especially nuclear safety and security.

Players prepare for Hai Duong badminton championships

 VietNamNet Bridge – The country's top badminton players will be competing for the National Badminton Top Players Championships – Lining Cup – in the northern province of Hai Duong from November 5-9.

Apple iPad mini makes low key debut

 The iPad mini made its low-key debut on Friday when sales began in Asia, as Apple hurled the latest salvo in its battle against rivals Amazon, Google and Samsung.

Two big barriers await 100 percent foreign securities companies

Analysts have pointed out the two biggest barriers that may prevent foreign investors from joining the Vietnamese market or force them to “take a roundabout” when entering Vietnam.

Thanh wins four golds at national gymnastics champs

 VietNamNet Bridge – London Olympian Phan Thi Ha Thanh won four out of five women's individual gold medals in the National Gymnastics Championships which has wrapped up in Quan Ngua Sports Palace in Ha Noi.

Thanh Hoa: Banking employee steals money from ATMs for gambling

 VietNamNet Bridge - An employee of the Techcombank in Thanh Hoa Province has been sentenced to nearly 30 years in prison on charges of abusing his position to appropriate property and gambling.

Prime Minister asks to limit overseas trips

According to the statement issued by the Office of the Government yesterday, November 1, Prime Minister Nguyen Tan Dung had asked the leaders of ministries, sectors and localities, especially the heads to minimize overseas business trips.

Ho Chi Minh Mausoleum to open from Nov. 7

That is the announcement from the Management Board of the Ho Chi Minh Mausoleum to agencies, organizations, people, overseas Vietnamese and foreigners after the temporary closure for periodic maintenance, renovation in 2012.

US jobless rate could tick higher, say analysts

 The US unemployment rate could tick up slightly but the numbers will likely show an economy still generating new positions at a modest rate when October's jobs report is published Friday.

NA debates corruption, juvenile crime

 VietNamNet Bridge – Ways to control corruption and the increasing number of juvenile crimes provided grist for debate between deputies in the ongoing 13th National Assembly yesterday, Nov 1.

GOVERNMENT IN BRIEF 2/11

  Italian PM to visit Vietnam; Russian Prime Minister to visit Vietnam; Prime Minister to attend ASEM 9; Vietnam values ties with Algeria; Vietnamese, Thai provinces look to further investment ties