Continue to push myself

The National Assembly (NA) will discuss the VAT reduction from the existing 10 per cent rate to 8 per cent on June 1 before receiving an approval from NA deputies in a resolution slated for June 24, the last day of the ongoing fifth session. The VAT cut proposed by the government is set to be applied from July 1 to the end of 2023 for all types of goods and services currently subject to a 10 per cent VAT rate. The initiative is part of Resolution No.43/2022/QH15 released early last year on fiscal and monetary policies supporting the Programme on Socioeconomic Recovery and Development. Consumers of many types can benefit from VAT cuts, photo Le Toan Under Resolution 43, the 2 per cent cut was applied last year for goods and services subject to a 10 per cent rate, except for various goods and services such as telecommunications, IT, financial and banking activities, securities and insurance, trading of real estate, metal and precast metal products, mining products … [Read more...] about Support to continue in form of VAT cut

Party General Secretary Nguyen Phu Trong (R) and  Chairman of the United Russia Party (URP) and Deputy Chairman of the Security Council of Russia Dmitry Medvedev (Photo: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong held talks with Chairman of the United Russia Party (URP) and Deputy Chairman of the Security Council of Russia Dmitry Medvedev, who is on a working Vietnam visit from May 21-23 under a cooperation agreement between the Communist Party of Vietnam (CPV) and the URP. It is his first Vietnam visit in the capacity as leader of the ruling URP. Party chief Trong outlined the key tasks set by the CPV for socio-economic and cultural development. On Party building which is a crucial task, he highlighted the positive changes in Party building and rectification, with concerted efforts to combat corruption and negative phenomena. He expressed his appreciation for achievements made by Russia under the leadership of President Vladimir Putin and the URP. … [Read more...] about Party chief holds talks with Chairman of United Russia Party

National Assembly Chairman Vuong Dinh Hue (R) and Deputy Speaker of the Chamber of Deputies of the Czech parliament Jan Bartosek . (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue on May 23 affirmed that the Czech Republic is a very important partner of Vietnam in Central-Eastern Europe, during his reception for Deputy Speaker of the Chamber of Deputies of the Czech parliament Jan Bartosek in Hanoi on May 23. Hue hailed the outcomes of the talks between Bartosek and NA Vice Chairman Nguyen Duc Hai, which took place earlier the same day, and stressed that the Czech legislator’s Vietnam visit contributes to boosting cooperation between the two countries in general and their legislative bodies in particular. Vietnam always attaches importance to developing relations with traditional friends in Central-Eastern Europe, including the Czech Republic, he said, noting that the bilateral political and diplomatic ties have been developing fruitfully, and … [Read more...] about Czech Republic – a very important partner of Vietnam: NA Chairman

National Assembly (N.A.) Chairman Vuong Dinh Hue hailed the outcomes of the talks between Bartosek and N.A. Vice Chairman Nguyen Duc Hai, which took place earlier the same day, and stressed that the Czech legislator’s Vietnam visit contributes to boosting cooperation between the two countries in general and their legislative bodies in particular. Vietnam always attaches importance to developing relations with traditional friends in Central-Eastern Europe, including the Czech Republic, he said, noting that the bilateral political and diplomatic ties have been developing fruitfully, and agencies of the two governments and legislatures have maintained all-level delegation exchanges. N.A. Chairman Vuong Dinh Hue used the occasion to thank the Czech Republic and other traditional friends for their support for Vietnam during its past struggle for national liberation, as well as the present cause of national construction and development, highlighting that thousands of Vietnamese … [Read more...] about Czech Republic – a very important partner of Vietnam: N.A. Chairman

Prime Minister Pham Minh Chinh and U.S. President Joe Biden agreed to maintain the exchange of all-level delegations. Prime Minister Pham Minh Chinh held that bilateral relations have positively developed over the recent past, with the economic-trade cooperation being the focus. President Biden spoke highly of the outcomes of the phone talks with Party General Secretary Nguyen Phu Trong. The two exchanged ideas on a number of measures to push up relations between the two countries and international and regional issues of mutual concern. Also at the summit, Foreign Minister Bui Thanh Son met his U.S. counterpart Antony Blinken, exchanging ideas on measures to accelerate the implementation of the agreements reached by the two countries’ high-level leaders. At the meeting between Prime Minister Pham Minh Chinh and E.C. President Charles Michel, the two sides expressed satisfaction at the positive progress in the Vietnam-E.U. relations. Affirming that the E.U. is a partner of … [Read more...] about PM Pham Minh Chinh meets U.S., E.C. leaders

Vietnamese Prime Minister Pham Minh Chinh on Saturday met with U.S. President Joe Biden and his counterparts from other countries at an expanded summit of the Group of Seven (G7) countries in Japan. The Vietnamese Cabinet leader told President Biden that the Vietnam-U.S. bilateral ties have increasingly shown positive signs, with economic and trade cooperation being the focus. Biden spoke highly of the outcomes of the phone talks with Vietnam’s Communist Party General Secretary Nguyen Phu Trong. The two leaders also exchanged ideas on several measures to boost the bilateral ties as well as other international and regional issues of mutual concern. In addition, they agreed to maintain the exchange of all-level delegations. Vietnamese Prime Minister Pham Minh Chinh (L) and U.S. President Joe Biden pose for a photo at the expanded G7 summit. Photo: Vietnam News Agency At the event, Vietnamese Minister of Foreign Affairs Bui Thanh Son met with his U.S. … [Read more...] about Vietnamese PM Pham Minh Chinh meets US president at G7 summit

A farmer collects eggs at a farm in Chuong My District, Ha Noi. The poultry farming sector is seking support to overcome difficulties. — VNA/VNS Photo Vu Sinh Viet Nam Poultry Association (VIPA) has submitted a petition to Government calling for solutions to remove difficulties for the poultry farming and save farmers and enterprises from bankruptcy. The association said that many enterprises and farms were on the verge of collapse with thousands forced to narrow down production scale or temporarily halt operation due to prolonged losses. Due to the negative impact of the COVID-19 pandemic, the cost of input materials increased to a record high while the consumption market fluctuated, pushing the prices of useful poultry products down considerably. At some point in time, the selling prices of poultry products stayed at only two-thirds of the production costs, pushing the poultry farming industry into a lot of difficulties, the association said. VIPA said to rescue the … [Read more...] about Struggling poultry farmers seek support to avoid bankruptcy

Wooden products are made at the Woodsland Tuyen Quang Co. — VNA/VNS Photo Vu Sinh Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60 per cent since the beginning of this year, pushing firms to cut off at least half of their production capacities. Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion. At the same time, the import value of wood and wooden products also decreased significantly to $634 million, down 33.6 per cent over the same period last year. During the four months, Vietnamese exports of these goods to major markets all decreased sharply such as the US ($2.02 billion, 38 per cent); Japan ($556 million, 1.5 per cent); South Korea ($274 million, 22 per cent) and China ($481 million, 13 … [Read more...] about Timber exporters face a sharp decline in orders

Wooden products are made at the Woodsland Tuyen Quang Co. (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities. Data from the General Department of Customs showed that the export turnover of wood and wooden products reached 3.9 billion USD in the first four months, down 30.6% year-on-year. The export of wooden goods saw a yearly decline of 38% to $2.6 billion. At the same time, the import value of wood and wooden products also decreased significantly to 634 million USD, down 33.6% over the same period last year. During the four months, Vietnamese exports of these goods to major markets all decreased sharply such as the US (2.02 billion USD, 38%); Japan (556 million USD, 1.5%); the Republic of Korea (274 million USD, 22%) and China (481 million USD, 13%). Analysts and … [Read more...] about Timber exporters face sharp decline in orders

Current policies to limit global warming will expose more than a fifth of humanity to extreme and potentially life-threatening heat by century's end, researchers warned Monday. Earth's surface temperature is on track to rise 2.7 degrees Celsius above preindustrial levels by 2100, pushing more than two billion people -- 22 percent of projected global population -- well outside the climate comfort zone that has allowed our species to thrive for millennia, the scientists reported in Nature Sustainability. The countries with the highest number of people facing deadly heat in this scenario are India (600 million), Nigeria (300 million), Indonesia (100 million), as well as the Philippines and Pakistan (80 million each). "That's a profound reshaping of the habitability of the surface of the planet, and could lead potentially to the large-scale reorganisation of where people live," said lead author Tim Lenton, director of the Global Systems Institute at the University of Exeter. … [Read more...] about Climate: ‘dangerous heat’ could afflict billions by 2100