Vietnamese Student Wins Top Microsoft’s Algorithm Prize

A Vietnamese student recently outdid 20,000 contestants from around the world to snatch the first Algorithm prize at Microsoft’s annual Imagine Cup 2005 final in Yokohama, Japan.

Twenty-two-year-old Nguyen Phuong Ngoc from northern Hai Phong city claimed the prestigious prize of the nine-category competition for students from across the globe.

Currently enrolled at Singapore’s Nanyang Technological University, Ngoc was twice mistaken for being a Singaporean representative during the contest, he said.

Vietnam Attends Pacific Army Chiefs Conference

A Vietnamese military delegation is attending the fourth Pacific Army Chiefs Conference (PACC IV) held in Bangkok, Thailand, from August 1-4.

During the conference themed "Impacts of Transformation on the Asia-Pacific Security Environment", participants have taken part in bilateral and multilateral discussions.

They have also exchanged views on the scope of transformation as well as its impacts on security of the Asia-Pacific region.

Garment and Textile Exports to the U.S. Reach 926 Million Dollars

Ha Noi (VNA) August 2 - Viet Nam exported 25 categories of garments and textiles with quota management to the US worth more than 926 million USD in the first seven months of this year.

Of this export value, 18 products having automatic visas contributed around 500 million USD.

The 338/339 category was the biggest hard currency earner with 379 million USD, followed by the 347/348 category at 247 million USD.

The seven-month export value reached around 1.3 billion USD including the value of non-quota items.

Chairman: Party, State Policies Ensure Basic Needs of Religious Organizations and People

Ha Noi (VNA) August 2 - The implementation of the Party's resolutions on religious issues and the Ordinance on Religions and Beliefs has met the basic needs of religious organizations and people, said Ngo Yen Thi, Chairman of the Government Committee for Religious Affairs.

Vietnam Religious Ordinance Promulgated

Ho Chi Minh City, 29 July: According to Catholic priest Vu Quang Trung of Jesus Christ from the Hien Linh Monastery, the Government Ordinance on Religions and Belief and its guidance decree have helped usher in a new chapter for spiritual activities of religious people. The promulgation of the mandate clearly reflects the state respect for people's religious and belief freedom, and their spiritual needs and activities, the priest added.

Foreign University Opens New Campus in Saigon South

Australia’s RMIT International University in Vietnam inaugurated a brand new campus in Ho Chi Minh City’s Saigon South July 25.

The new US$20 million school with a four-story main block can seat around 3,000 students.

The new 12.4ha site will also house a state-of-the-art medical center, theatre, and library.

Located some seven kilometers from the city center, the new campus will bring faculty and students together to study at one location.

Study Worries U.S. Catfish Industry

A study that suggests Vietnamese basa catfish are tastier than US pond-raised catfish has caused a stir among American catfish farmers across the country’s Southeast region.

The study, made public by Mississippi State University researchers last week, has drawn sharp criticism from Mississippi-based Catfish Farmers of America, a group that pushed for tariffs on the Vietnamese basa.

Vietnam Lifts Quota Fees for Textile Exports to U.S.

Vietnam’s Finance Ministry has decided to abolish the fees local textile manufacturers have to pay to obtain quotas for exports to the US market.

The abolition should boost nearly 800 local textile producers exporting to the American market, helping producers cut business costs and ease difficulties in export to the US so far, according to the ministry.

Out of the country’s biggest textile markets, only the US still upholds the imposition of quota restrictions.

Textiles are Vietnam’s second largest export earner after crude oil.

State Bank of Vietnam Plans to Liberalize Financial Market

Viet Nam News, (25-07-2005)

HA NOI — The central bank is considering expanding the categories of securities tradable on the open market in order to develop the financial market, a senior bank official said.

State Bank of Viet Nam’s (SBV) deputy governor Nguyen Dong Tien also told a conference held last week to review five years of the open market operation that the SBV would also ask the government to issue more short-term treasury bills for the purpose of expanding securities.