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Public debt exceeds 62 percent of GDP, Vietnam walks tightrope

VietNamNet Bridge - The revenue of the state budget is not big enough to cover expenses, but Vietnam cannot continue borrowing big money.

Central Highlands’ legendary storyteller to perform in Hanoi

 Artist Y Wang living in the Central Highlands province of Dak Lak, often called “the storyteller of legendary nights”, will bring a night like this to Hanoi on March 25.

Volvo centres to open in Ho Chi Minh City

 Volvo Cars of Sweden will open two Volvo 4S centres in Ho Chi Minh City in the third quarter of this year, the group announced on March 22.

Japanese professor honoured by Da Nang University

 President of the University of Da Nang (UDN) Tran Van Nam on March 22 presented the title of Honourary Doctor to Professor Hitoshi Yamada from Japan’s Yokohama National University on March 22.

Over 14 percent of State budget revenue earmarked for debt payment

 About 14.7 percent of the State budget revenue, or 150 trillion VND (6.7 billion USD), will be spent on paying debt in 2016, the Ministry of Finance (MoF) revealed on March 22.

Five-year performance of court, procuracy, audit sectors reviewed

The performance of the court, procuracy and audit sectors during the 2011-2016 tenure was reviewed during the ongoing 11th meeting of the 13th National Assembly on March 22.  

Vietnam, Laos foster links in expatriate-related work

 Lao Deputy PM and Foreign Minister Thongloun Sisoulith affirmed that support provided by the State Commission for Overseas Vietnamese Affairs for the Liaison Committee for Overseas Laotians has helped deepen the Vietnam-Laos relationship.

Petrol distributors to contribute to environmental risk prevention fund

VietNamNet Bridge - The Ministry of Finance (MOF) plans to ask petroleum traders to pay 0.5 percent of their annual sales to the environmental risk prevention fund.

NA draft working reports demonstrate candid, responsible spirit: voters

 Most voters have lauded the candid and responsible spirit reflected in the working reports presented by the National Assembly Chairman.

Vietnam strongly condemns bomb terror attacks in Belgium

  Vietnam vehemently condemns a series of bloody bomb terror attacks in Belgium on March 22, Spokesperson for the Foreign Ministry Le Hai Binh said.

Outdated textbooks lack latest knowledge about technology

VietNamNet Bridge - The unreasonable curriculum and outdated textbooks have left students unknowledgeable about technology. 

Motorcycle to stable develop in 2016: manufacturers

 The motorcycle market will continue to grow this year albeit at a marginal rate, according to manufacturers.

Vietnam Airlines proposal for new air carrier raises doubts

The Ministry of Transport (MOT) has been asked to thoroughly consider the Vietnam Airlines Corporation’s (VNA) proposal on setting up a new carrier, a proposal criticised by some as not transparent enough.

VN banks ploughing money into aviation sector

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will pick up a 49 per cent stake in VASCO after committing to inject VND147 billion (US$6.53 million) into the restructured carrier.

‘Indyllic house’ of traditional arts

 Located beside West Lake, ThonArt (Village Art) centre was founded on March 12 by a group of traditional arts lovers with their enthusiasm, aspirations and passions and it is expected to be the home of many kinds of traditional arts.

Corruption still plagues Hanoi's urban management

 An unresolved case in which several households were forced to live in unsanitary conditions in Hanoi for years is now showing signs of being a product of corruption.

Vietnam seeking to build on 2015 success, reach 7% GDP growth rate

 VietNamNet Bridge – Luu Bich Ho, former director of the Development Strategy Institute under the Ministry of Planning and Investment, spoke to the newspaper Kinh te & Do thị about opportunities and challenges

ID numbers issued to over 56,000 newborns

 More than 56,000 new-borns have been registered birth certificates and issued citizen identification numbers after two months of implementing the law on civil status and citizen ID card, which took effect since early this January.

Vietnam, Russia sign protocol on industry cooperation

 Vietnam and Russia have signed an intergovernmental Protocol on supporting the production of motor vehicles in the Southeast Asian country.

NA Chairman delivers draft working report for 13th tenure

 National Assembly Chairman Nguyen Sinh Hung delivered a draft working report of the legislature (13th tenure) during its plenary session in Hanoi on March 22.