With its huge value and potential, the conservation of the ginseng requires a great deal of attention from both authorities and local people. Building a geographical indication for Danh Mountain ginseng is one of the latest endeavours by local authorities to preserve the valuable medicinal herb, contributing to building a brand and improving local socio-economic development.VNA … [Read more...] about Branding Danh Mountain ginseng from Bac Giang
Discuss the socio economic situation
"Vietnam is a country where religions are diverse," Hung said. "International research on religion reveals Vietnam is one of the countries typical for religious awareness. Facilities and activities of religious organizations are diverse, meeting people’s demand, and have received international recognition". … [Read more...] about Freedom of belief and religion respected in Vietnam
Bangkok (VNA) - A panel under Thailand’s Centre for COVID-19 Situation Administration (CCSA) on August 7 approved proposals for a return to normalcy in the country by allowing schools, sports stadiums, public transport and meals on flights. The proposals include the opening of schools with normal-sized classes. For sports events, people would be permitted to attend them, while public transport vehicles would no longer have to allocate empty spaces for social distancing. However, the extension of entertainment venues’ operating hours until 2am was not discussed at the August 7 meeting. The proposals, approved by a panel led by National Security Council (NSC) Secretary-General Gen Somsak Roongsita, will be submitted to Thai Prime Minister Prayut Chan-o-cha on August 21. The Thai cabinet recently approved the Finance Ministry's proposal to borrow 1.5 billion USD from the Asian Development Bank (ADB) to stimulate and rehabilitate the economy. … [Read more...] about Thailand expected to return to normalcy
The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment