The Hanoitimes - According to the resolution on financial plan for 2016-2020 approved by legislators at the ongoing second meeting of the 14th National Assembly on November 9, the combined development spending in the period will be no more than 2 quadrillion VND. With 86.64 percent of “yes” votes, legislators approved a resolution on the five-year financial plan during the ongoing second meeting of the 14th National Assembly on November 9. Under the resolution, total State budget collection for 2016-2020 is targeted at about 6.86 quadrillion VND, rising 1.65 fold against 2011-2015, with domestic collection expected to make up 84-85 percent of the State budget collection. The accumulated State budget spending in the period will be set at more than 8.02 quadrillion VND, of which development expenditures will make up 25-26 percent and regular expenditures, below 64 percent. The combined development spending in the period will be no more than 2 quadrillion VND. Of which, … [Read more...] about NA plans to spend 2 quadrillion VND for development investment in 2016-2020
According to the Ministry of Industry, Vietnam's industrial development policy has yet to match global trends. Policy-making for the industrial sector has been mostly based on the command model and not taken full advantage of sectors, regions or the nation as a whole. In addition, Vietnam's industrial development has been rather spontaneous and scattered. The information was shared by representatives of businesses, localities, scientists and policy makers at a recent workshop in Hanoi to discuss measures to keep the industrial sector from lagging. The Ministry of Industry reported that all provinces have industrial parks, but they have not developed as efficiently as expected. Many provinces have offered similar preferential policies on tax and land rental without considering their localities' advantages. Dr Nguyen Thanh Thinh from the National Institute for Science, Technology, Strategy and Policy Studies suggested that Vietnam has an overall master plan detailing the combined … [Read more...] about Industrial development must keep pace with global trends
The Declaration of the Conducts of Parties in the East Sea (DOC) was signed in the hope that it would provide the foundation for long-term stability in the area and foster understanding among the countries concerned. A relative stable situation in the East Sea was lasting for half of decade. Security environment in the East Sea and efforts for managing the disputes The East Sea disputes However, it is naïve to believe that because of the DOC, the parties have ceased undertaking activities that complicate the situation. According to the DOC, the parties undertake to exercise self-restraint in the conduct of activities that would complicate or escalate disputes and affect peace and stability including, among others, refraining from any action of inhabiting the presently uninhabited islands, reefs, shoals, cays, and other features, and to handle their differences in a constructive manner. However, the Declaration does not clarify what kind of activities could be considered to … [Read more...] about East Sea: recent developments and its implications
While the Ministry of Agriculture and Rural Development (MARD) says that genetically modified crop (GMC) can help improve crop productivity, many scientists warn of food safety and the dependency of Vietnam’s agricultural sector on transnational groups. Genetically modified maize in Vinh Phuc province. Deputy Minister of Agriculture and Rural Development, Bui Ba Bong, told a seminar on developing GMC in Vietnam, which was hold in Hanoi on October 5, that there are two opposite opinions about the use of GMC in the world. One group says that GMC is scientific progress that can help increase agricultural productivity in the way that traditional methods fail to do. The other group says that GMC are harmful for health of human being, animals and biodiversity. Bong said that for a scientific progress and complicated technology like GMC, both receiving or denying it are not appropriate approach. Vietnam has tested three GMC varieties - maize, soybean and cotton since 2009. These … [Read more...] about Should Vietnam develop genetically modified crop?
The current international air routes of the national flag carrier Viet Nam Airlines. The project targets to develop international routes between Viet Nam and key markets such as the U.S., China, the Republic of Korea, Japan, Thailand, Malaysia, Russia, Germany, Australia, the UK, and India, and other potential destinations such as the UEA and South Africa, and so on. It also aims to combine aviation and tourism activities in international integration; uphold the role of businesses; promote social engagement in tourism. Especially, the tourism sector would make a breakthrough so that by 2020 Viet Nam would attract 17-20 million international guests. The tourism industry would make up 10-12% of GDP and export value earned via tourism would touch US$ 20 billion. Especially, carriers are encouraged to develop direct air routes linking Viet Nam and key markets. They will get maximum incentives in aviation transport service prices, take-off and landing time … [Read more...] about VN develops direct air routes to key destinations