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Da nang most smoka

/ March 1, 2021

Activities held nationwide for Youth Month 2021

The Ho Chi Minh City Youth Union launched a volunteer programme in order to ensure safety and hygiene in the context of the situation of the COVID-19 epidemic. The Ho Chi Minh Communist Youth Union of the Central Agencies Bloc in coordination with the Thai Nguyen Provincial Youth Union launched a tree planting festival in Dai Tu District, Thai Nguyen Province, on February 28. On the occasion, the two units also presented gifts worth a total of over VND200 million to policy beneficiary families and disadvantaged students in the district. A volunteer programme has been launched by the municipal Ho Chi Minh Communist Youth Union to educate young people about the revolutionary tradition. The Hanoi Municipal Youth Union launched a tree planting festival in Soc Son District, Hanoi. At the festival, the organising board donated 6,000 green trees worth nearly VND300 million, along with a social house worth VND50 million to a policy beneficiary family in the district. The Bac Giang Provincial Youth Union began the construction of Ben Mong Bridge in Luc Nam District. The bridge has a total cost of about VND2 billion. Once completed, the bridge is expected to help local people travel quickly and safely. A number of similar meaning events were also held byyouth unions in the central city of Da Nang, the northernmountainous province of Lai Chau and the southern province of Dong Nai, as part of the activities to celebrate the 90th anniversary of the Ho Chi Minh Communist Youth Union. …

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/ March 2, 2021

Health crisis fails to impede business confidence

In June last year, Ngo Dinh Vuong halted the operation of his garment factory in Quang Minh Industrial Park in Hanoi’s Dong Anh District due to the health crisis. The factory was opened in late 2018 and is the third to have been opened by Vuong in the northern region of the country since 2016. Then in July, the second factory, based in Hung Yen Province, faced the same plight, leaving the first factory operating moderately also in Hung Yen. The three factories are managed by Hoang Yen Garment and Trading JSC, established in 2016, where Vuong is the director. However, in early January, the two factories with halted operations began resuming operations as some big contracts have been landed with local and foreign experts. This would allow 800 workers to have incomes. “We are happy that all of our three factories are in full operations now,” Vuong told Nhan dan Online. Hoang Yen Company’s case is among more than 11,000 enterprises resuming operation in the first two months of this year nationwide. According to the General Statistics Office (GSO), also in the first two months of 2021, the economy saw 18,100 newly-established enterprises with total registered capital of VND334.8 trillion (US$14.55 billion), employing 172,800 new labourers – up 4% in the number of enterprises, 52.2% in capital, and 9.7% in the number of labourers as compared to those in the same period of last year. In particular, the average registered capital of each newly-established business in the two months of the year is VND18.5 billion (US$804,347), up 46.4% year-on-year. If an additional VND385.6 trillion (US$16.76 billion) registered by 6,500 operational enterprises is included, the total registered capital inserted into the economy in the first two months is VND720.4 trillion ($31.32 billion). In February, despite the Lunar New Year, the number of newly-established firms hit more than 8,000 registered at VND179.7 trillion (US$7.81 billion), down 20.3% in the number of enterprises …

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/ March 2, 2021

State budget collection reaches VND220.5 trillion in first two months

Of which, domestic revenue reached VND194.1 trillion, fulfilling 17.1% of the full-year target. Revenue from crude oil hit VND3.2 trillion, equivalent to 13.8% of the year’s plan, while State budget collection from exports reached VND22.7 trillion, accounting for 12.7% of the year’s target. Domestic revenue collected from State-owned enterprises reached VND23.3 trillion, similar to 15.7% of the estimate, while budget collection from foreign-invested enterprises (excluding crude oil) reached VND41 trillion, fulfilling 20.6% of the 2021 target. Revenue from non-state trade and services taxes reached VND55.2 trillion, equal to 23.2% of the yearly estimate, in addition to VND19.9 trillion collected from land use tax, accounting for 17.9% of the year’s plan. Total State budget expenditure in the first two months of the year was estimated at VND148.4 trillion, equivalent to 8.8% of the estimate. In which, recurrent expenditure reached VND103 trillion, fulfilling 9.9% of the estimate. Development and investment expenditure was recorded at VND26.9 trillion, equalling 5.6% of the estimate, while that of interest payment reached VND28.6 trillion, equal to 24.2% of the year’s plan. …

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