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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

Hanoi, (VNA) – Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison had a telephone talk on January 21 to discuss bilateral relations as well as regional and international issues of shared concern. The Australian PM congratulated Vietnam on outstanding achievements the country gained in 2020 to become a rare model in COVID-19 pandemic control and socio-economic development amid the worst global economic depression in decades. He said he believes that the upcoming 13th National Congress of the Communist Party of Vietnam (CPV) will be a success. He also congratulated Vietnam on fulfilling the role of ASEAN Chair in 2020 with the successful signing of the Regional Comprehensive Economic Partnership (RCEP). He thanked Vietnam for supporting turning the ASEAN-Australia Summit into an annual mechanism. PM Morrison said he hopes the Vietnam-Australia relations will be elevated to a strategic partnership in 2023 on the occasion of the 50th anniversary of the … [Read more...] about Vietnamese, Australian PM discuss bilateral ties in phone talks

What are Techcombank’s operational metrics for the second half of the year, and how will you receive new demand arising from the pandemic and support those affected? Our credit growth will continue the momentum. We will probably see acceleration compared to the beginning of the year. In terms of non-performing loans (NPLs), we’re in a good spot. A lot of our credit exposure is in areas which are less affected by COVID-19. The exposure mainly sits in real estate and mortgages, with relatively less impacted customers. The overall number of NPLs will be very stable. … [Read more...] about Investing in innovation to aid growth potential

The department will work with the city’s Department of Culture and Sports to advise the People's Committee on annual sport activities, sport competitions at the high school level, and improvement of the activities of the sport federation. … [Read more...] about City allocates land for physical training and sports facilities

Đắk Lắk holds huge potential to ship several agricultural products abroad such as coffee, pepper, rubber, cashew and honey. Some local businesses have sold their products on e-commerce platforms, but most still prefer traditional sales channels. … [Read more...] about Đắk Lắk aims to boost exports via Amazon