Lam Dong Province People's Committee has issued an official decision to suspend the Da Lat Golf and Resort Project of Han Viet Investment Company. The Department of Planning and Investment was asked to complete the procedures and the Department of Agriculture and Rural Development must work with Duc Trong District authorities to assess the damages caused to the forest. The Department of Finance will evaluate and order Han Viet Company to compensate. The project was given an investment permit in 2007. 268 ha of forest land was allocated to Han Viet Company. But in the past 13 years, Han Viet Company has done nothing, abandoning the project and letting illegal loggers destroy the forest. They also didn't include a forest fire prevention plan in their application, nor assign any guards to the forest. As a result, hundreds of 20-50cm diameter pine trees were cut down. Most of the trees were taken away before the authorities arrived. In some areas, the loggers even put up concrete … [Read more...] about Golf project recalled after criminal deforestation
Budgeting a project in it project management
Public investment will focus on key projects: Minister
Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister
VIETNAM BUSINESS NEWS JANUARY 21
While 68% of training institutions in the country reported feeling well-equipped for 4IR, this was a lower rate than Cambodia who recorded 73%, the Philippines with 81%, and Indonesia at 95%. In addition, there is also a mismatch in perceptions between training institutions and employers in terms of the readiness of graduates to work. Only 4% of domestic training institutions reported using online training platforms, while 18% reported using augmented reality and virtual reality tools for training purposes. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21
Mining industry unable to enjoy tax incentives
Hanoi (VNS/VNA) - The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget. The National Assembly and the Government have issued many policies to reduce taxes, fees, charges and land rents and extend payment deadlines to support amid the COVID-19 pandemic. However, the mining industry has not accessed these incentives. The General Statistics Office (GSO) reported the index of industrial production (IIP) for the first eight months of this year was estimated to surge by 2.2 percent year-on-year, while the mining industry’s IIP reduced 7 percent. According to the amended articles of the Law on Value added Tax (VAT), exported goods, which have the total value of natural resources, mineral resources and energy cost accounting for 51 percent or more of the product cost, do not enjoy reduced … [Read more...] about Mining industry unable to enjoy tax incentives
Partnership agreement on breast cancer treatment signed
Hanoi (VNS/VNA) - The Ministry of Health and Vietnam Medical Association will work together on improving access to innovative therapies for high-risk breast cancer patients in Vietnam during 2020-25 as part of a Memorandum of Understanding signed on January 19. The project aims to increase the rate of early breast cancer detection among women and improve access to advanced therapies for high-risk breast cancer patients. Deputy Minister of Health Tran Van Thuan said that five to 10 years ago, over 70 percent of breast cancer patients visited hospitals and got treated at a late stage. In recent years, thanks to the communication campaigns, especially the national project on the prevention and control of non-communicable diseases including cancer, the rate of cancer patients getting medical examination and treatment in the early stages has increased. “The implementation of the project on improving access to innovative therapies for high-risk breast cancer patients … [Read more...] about Partnership agreement on breast cancer treatment signed