Thai Prime Minister Gen. Prayut Chan-o-cha has announced a new strategy to build a “People’s State” with the aim to bring into full play the combined strength of the State, people and businesses towards the country’s sustainable development. Speaking at a forum in suburban Bangkok on September 20, the PM said that the policy will help strengthen the grassroots economy and support business communities at localities. Accordingly, the relation between citizens, the government and enterprises is equal. This means the parties will have similar responsibilities, and cooperate and support each other for sustainable economic development, he stated. He added that the government will serve as a coordinator and create favourable conditions for collaboration between private businesses and people. Under the scheme, the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) and the Government Savings Bank (GSB) will be the lenders of a seven-year term loan … [Read more...] about Bản in : Thai PM unveils new economic development strategy
Economic development tax credit
National Assembly discusses ways to promote economic development
The Hanoitimes - On October 22, National Assembly (NA) deputies had group discussions on the economic restructuring plan for 2016-2020, the implementation of the socio-economic development plan for 2016, and the socio-economic development plan for next year. National Assembly deputies had group discussions on Otober 22. On October 22, National Assembly (NA) deputies to the second session of the 14th National Assembly discussed ways to further promote economic development. Issues up for group discussions during the day consist of the five-year financial plan; the targets and orientations for mobilising and using loans and public debt management between 2016 and 2020; the mid-term public investment plan for 2016-2020, the implementation results of the state budget plan for 2016; state budget estimates and state budget allocation proposals for 2017. The deputies praised the Government’s efforts to overcome numerous difficulties in the past months and its directions for the … [Read more...] about National Assembly discusses ways to promote economic development
NA deputies discuss ways to promote economic development
(VOVworld)- On Saturday, deputies to the second session of the 14th National Assembly discussed ways to further promote economic development. Deputies of Ho Chi Minh City discuss ways to boost economic development They praised the government’s efforts to overcome numerous difficulties over the past months and its directions for the future. Minister of Finance Dinh Tien Dung, a deputy of Ninh Binh province suggests ways for the government to realize the set socio-economic targets:“It’s necessary to focus on the disbursement of construction capital which should be considered a breakthrough solution. In addition, we need to strengthen the expansion of export market, prevent fake and low quality goods, smuggling, and trade frauds. We also need to tighten financial disciplines”. Nguyen Duc Kien is a deputy of Soc Trang province:“I think the government needs to speed up the SOE equitization. We need to have specific lists of investment using stocks from the … [Read more...] about NA deputies discuss ways to promote economic development
Impetus for Nghe An Socio-economic Development
Nghe An Provincial People's Committee, on 13th October, in cooperation with the Vietnam Chamber of Commerce and Industry (VCCI) and other local associations, celebrated the 10th anniversary of Vietnam Entrepreneurs Day, meeting with exemplary enterprises and entrepreneurs who have made positive contributions to the socio-economic development of the province. Making opening remarks, Nguyen Xuan Duong, Chairman of the Nghe An People's Committee congratulated enterprises and entrepreneurs on the occasion of Vietnam Entrepreneurs Day. He appreciated the efforts of enterprise and entrepreneur community of Nghe An, who in recent years have been very dynamic and creative in overcoming difficulties, active in finding markets and effective in production and business organisation, contributing greatly to the development of the province. Mr Hoang Quang Phong, Director of the Membership and Training Department of the VCCI thanked the Provincial Party and the People's Committee for organising … [Read more...] about Impetus for Nghe An Socio-economic Development
NA debate socio-economic development plans and the state budget
(VOVworld) - On Thursday, the National Assembly deputies discussed the outcomes of the country's socio-economic development plans and last year's state budget. In the first few months of this year, the Government has been relatively successful in reducing the consumer price index to 2.6%, from late last year. However national economic growth has been sluggish along with the GDP growth rate in the first quarter being 4%, lower than in previous years. Economists say the Vietnamese economy is going through a difficult patch. Many deputies proposed that the Government prioritizes investment in agriculture, rural areas, and the maritime economy. Tran Van Minh is a deputy in Quang Ninh province 'The domestic market should increase the number of promotions programs to boost consumption and encourage more people to use products that are made-in-Vietnam. For foreign markets, it's also necessary to step up trade promotions for exports. In the long-term, we should develop a project to … [Read more...] about NA debate socio-economic development plans and the state budget