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Cash flow heading for the real estate market

The sharp falls of the bank loan interest rates, plus the lessened attractiveness of other investment channels would drive the cash flow to the real estate market.

GOVERNMENT IN BRIEF 19/6

President extends condolences to Saudi Arabia; Vietnam, Laos liaise on public administration; Quang Binh reaches out to Lao provinces

Tran Nhan Tong Reconciliation Award to be launched in the US

Tran Nhan Tong Award for Reconciliation will be launched at the Harvard University on September 22. VietNamNet talks with Prof. Thomas Patterson, chairman of the Tran Nhan Tong Academy, about this international award.

East Sea storm grows in force

VietNamNet Bridge – A tropical low pressure system over the East Sea has gained in intensity to become tropical storm Talim, the second such storm in the area this year.

Spanish bad loans ratio hits 18-year record

The ratio of bad loans held by Spanish banks in April, standing at 8.72 percent, hit a record since April 1994, said Bank of Spain (BOE) on Monday.

ICT big guys dream of making technological products

Some big guys in the telecom sector like Viettel and FPT, and even smaller companies like VNG or AnbinhTel all have announced their plan on making investment in research and development (R&D) and making hi-tech products.

Parents rush to bring children to swimming practice classes

Disappointed with the Ministry of Education and Training’s (MOET) swimming teaching program, parents now bring their children to swimming practice classes themselves.

Bank interest rate reductions flare up black credit

The decision by the State Bank on slashing the deposit interest rate ceiling to 9 percent has raised the worry that this would lend a hand to the black credit to grow.

BUSINESS IN BRIEF 19/6

Tax relief helps 70,000 small firms; Northern IPs lure over 3,000 investment projects; Long-term savings interests soar after cap removal; Haiphong leads in attracting FDI; Banks reap hefty profits while firms suffer losses

Night of Beauty fashion show

VietNamNet Bridge – Famous models performed the latest collections by HCM City’s designers at the “Night of Beauty” fashion show in HCM City on June 16.

Hanoi –world’s cheapest city for tourists

VietNamNet Bridge – Vietnam’s capital city of Hanoi has been rated as the cheapest destination for travelers in summer 2012 (from June 1 to August 31), according to the US website TripAdvisor.

“The Last Five Years” in Saigon

VietNamNet Bridge – This weekend sees three performances of the 2001 American musical The Last Five Years by the Dragonfly Theatre Company.

Bookstores provide friendly, free reading environment

Many bookstores in HCM City have become ideal places for students to read books without having to pay for books.

HCM City installs black box for 2,600 buses

VietNamNet Bridge – Nearly 2,600 of the Ho Chi Minh City’s total number of 2,900 buses have been equipped with black box that will record the vehicles’ operations on their journeys, said the city Department of Transport.

Ha Noi Run for Peace launched

VietNamNet Bridge – The 39th Run for Peace, organised by Ha Noi Moi (New Ha Noi) newspaper, was launched yesterday, June 17, in the capital city.

SOCIETY IN BRIEF 18/6

Delta provinces ready for floods; US$105 mln education project gets go-ahead; Dioxin ruled out as mystery disease cause; Central Highlands to develop eco-tourism

Southern girls flock to Lam Dong to get married with foreigners

VietNamNet Bridge – In a short period of time, tens of girls from southwestern and southeastern provinces applied to become residents of the central province of Lam Dong, to get married with foreigners, said a Lam Dong official.

Two cases of human infection by Spirometra erinacei

Previously, Vietnamese hospitals only detected patients whose eyes were infected with parasites by Spirometra erinacei worms. Recently, two patients were reported to have Spirometra erinacei in their lungs and abdominal wall.

Top goalkeeper returns to national squad

VietNamNet Bridge – Vietnam’s leading goalkeeper Duong Hong Son of Hanoi T&T FC will join the friendly game between Vietnam and Mozambique on June 23.

Japan sponsors essay contest

VietNamNet Bridge – The Japan-based Goi Peace Foundation and UNESCO have launched an international essay contest for young people.