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Conservative inheritance tax proposals

/ March 7, 2021

VIETNAM BUSINESS NEWS MARCH 7

Vietnam striving to promote sustainable marine aquaculture development Vietnam striving to promote sustainable marine aquaculture development hinh anh 1 A shrimp farming area in Phu Yen province Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and 1 billion USD, the ministry said. The MARD has taken a series of measures to promote sustainable marine aquaculture in coastal areas nationwide, towards turning the sector into a key part of the country’s maritime economy by 2045. Deputy Minister of Agriculture and Rural Development Phung Duc Tien said agencies have coordinated with coastal localities to review and build a plan for aquaculture development in Vietnam to 2030 with a vision to 2045. The plan will focus on improving the output, quality, and economic efficiency of marine aquaculture, protecting the environment and adapting to climate change, restructuring production activities, and building value chains for each group of products, with industrial marine aquaculture to play a key role. Incentive policies will be available to offshore industrial aquaculture enterprises, to encourage them to invest. Attention will be paid to creating business communities in offshore aquaculture in major coastal cities and provinces, including Quang Ninh, Hai Phong, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Ba Ria - Vung Tau, Ca Mau, and Kien Giang, as well as others with substantial potential. Marine aquaculture and aquatic processing centres, logistics services, and fisheries infrastructure will be developed in north-central and central coastal localities from Thanh Hoa to Binh Thuan. Priority will be given to developing models of multi-species farming and in supporting establishments …

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/ March 8, 2021

French billionaire politician Olivier Dassault killed in helicopter crash

French billionaire Olivier Dassault was killed on Sunday in a helicopter crash, a police source said, with President Emmanuel Macron paying tribute to the 69-year old conservative politician. Dassault was the eldest son of late French billionaire industrialist Serge Dassault, whose namesake Dassault Aviation, builds the Rafale war planes and owns Le Figaro newspaper. “Olivier Dassault loved France. Captain of industry, lawmaker, local elected official, reserve commander in the air force: during his life, he never ceased to serve our country, to value its assets. His sudden death is a great loss. Thoughts on his family and loved ones,” Macron said on Twitter. The private helicopter crashed on Sunday afternoon in Normandy, where he has a holiday home, according to a police source. The pilot was also killed. A lawmaker for the conservative Les Republicains party since 2002, Dassault was considered the 361st richest man in the world alongside his two brothers and sister, with wealth of about 6 billion euros ($7.15 billion) mostly inherited from his father, according to the 2020 Forbes rich list. He stepped down from his role on the board of Dassault due to his political role to avoid any conflict of interest. Olivier, seen as the favourite of founder Marcel, was once considered favoured to succeed Serge at the head of the family holding, but that role went to former Dassault Aviation CEO Charles Edelstenne. “Great sadness at the news of the sudden passing of Olivier Dassault,” Valerie Pecresse, a conservative politician who is president of the Paris region, said on Twitter. “A businessman, but also a renowned photographer, he had a passion for politics in his blood, rooted in his department of Oise. My warm thoughts to his family.” …

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/ March 7, 2021

VIETNAM NEWS HEADLINES MARCH 7

15th National Assembly expected to have 500 seats There will be a total of 500 seats in the 15th National Assembly at both central and local levels, according to a new resolution adopted by the National Assembly Standing Committee. Minister promises greatest efforts to ensure safety in COVID-19 vaccinations The Ministry of Health will mobilise all resources to carry out COVID-19 vaccinations, the largest-ever vaccination programme, so as to ensure absolute safety for people, Minister Nguyen Thanh Long has said. Long chaired a teleconference which was organised on March 6 and connected with 700 places across Vietnam to launch the vaccination plan and provide related training for medical workers nationwide in the use and storage of the vaccine, as well as the treatment of post-injection complications. He informed the teleconference that the vaccination programme will start on March 8, although the first batch of vaccine arrived in Vietnam on February 24. “As the vaccine is new, we need to carry out thoroughly,” Long said, adding that Vietnam has to obtain an accreditation certificate from the producer and reassess the safety index of the batch of vaccine. Because of the limited number of vaccine, the ministry cannot allocate for all 63 provinces and cities, but for 13 pandemic-hit localities, with priority given to Hai Duong province – Vietnam’s largest outbreak at present, he added. The minister asked localities which have yet to receive the vaccine to prepare and make training programmes as the ministry will allocate vaccines to them when more are transported to Vietnam in March. COVAC and AstraZeneca have agreed to provide 30 million doses each for Vietnam this year, the minister said, adding the ministry asked the producers to hand over the vaccines to Vietnam before September and is negotiating with Pfizer to buy an additional 30 million doses from this producer. The ministry has assigned three deputy ministers to be …

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