Economic development

A project on enhancing opportunities for women’s enterprises (EOWE) has been launched in the four central provinces of Binh Thuan, Ninh Thuan, Quang Binh and Binh Dinh. A ceremony to introduce the EOWE project, jointly organized by the Binh Thuan province and the Netherlands Development Organization (SNV) in Binh Thuan on September 21, was attended by over 100 representatives from the four targeted provinces. Nguyen Thi Phuong Thao, one of famous businesswomen in Vietnam. It is part of the Funding Leadership and Opportunities for Women (FLOW) program funded by the Netherlands Government, which will be carried out in Vietnam and Kenya from 2016 to 2020 at a total investment of 6.6 million EUR. It aims to create a favorable climate for female owners’ enterprises in agricultural fields, thus narrowing the gender gaps. Under the project, around 100,000 people are expected to have better awareness of gender equality; 20,000 women will have higher incomes; and 18 … [Read more...] about Project launched to strengthen women’s role in economic development

Prime Minister Nguyen Xuan Phuc visited and presented gifts to residents in An Phu commune, Tuy Hoa city, the central province of Phu Yen, which was hard hit by storm Damrey. (Source: VNA) Phu Yen (VNA) – Prime Minister Nguyen Xuan Phuc visited and presented gifts to residents in An Phu commune, Tuy Hoa city, the central province of Phu Yen, which was hard hit by storm Damrey, during his working visit to the province on January 18. He said he hoped the residents help one another in surmounting the storm consequences to quickly resume production and stabilize their lives. He instructed the local authorities to take measures to ensure all residents in the locality enjoy a cosy Tet with sufficient essentials and food as it is a policy of the Party, State and the Vietnam Fatherland Front. The PM visited and presented gifts to Heroic Mother Ngo Thi Muoi, 97, who has three sons -- all war martyrs, in An Phu. Earlier, he visited engineers, technicians, and workers working at the Ca … [Read more...] about PM visits Damrey-hit residents, Ca Pass tunnel in Phu Yen

Johan Langerock, Oxfam Tax Policies expert, suggests Viet Nam should eliminate tax incentives to build a fairer market. — VNS Photo Minh Huong. Tax incentives had led to a decrease in State revenue in Viet Nam over recent years, said Nguyen Duc Thanh, director of the Viet Nam Institute for Economic and Policy Research (VEPR), at a conference yesterday in Ha Noi. The conference, themed "Towards a fair tax system", pointed out that although Viet Nam had posted impressive economic growth recently with a ten -year high GDP of 7.1 per cent last year and possible higher growth this year, Viet Nam’s extraordinary economic track record had not been accompanied by a similar pathway in tax revenues. Though tax incentive policies had contributed to the country’s economic growth, boosting investment, the conference thought it was time for Viet Nam to rationalise such incentives for big companies as lowering corporate income tax rates and the existence of many tax incentives for … [Read more...] about Viet Nam should cut tax incentives for long term development

  HCM CITY — The Ministry of Construction has green-lighted Kiên Giang Province’s proposal to suspend the master plan to develop Phú Quốc Island into a special administrative-economic zone (SEZ). In a report to the Government Office, the ministry said: “Right now is not the right time to establish a master plan to develop Phú Quốc Island into an SEZ due to lack of provisions in the current laws on planning [to set up a special economic unit].” But as a long-term development strategy, it said the province should draft a new master plan to develop Phú Quốc sustainably, ultimately making it an SEZ. Kiên Giang authorities had sought permission from the Government to suspend the master plan until a draft SEZ law is approved by the National Assembly. In a report to the Prime Minister, the province said it now wanted to develop the island into a normal economic zone and hire … [Read more...] about Kiên Giang gets Ministry of Construction nod to delay special economic zone plans

  Party General Secretary and President Nguyen Phu Trong launched the 2019 Lunar New Year (Tet) Tree Planting Festival in Viet Cuong commune, Tran Yen district of Yen Bai (Photo: VNA)   Hanoi (VNA) - During the past 10 days, activities have been held nationwide in response to the campaign on tree planting and showing gratitude to late President Ho Chi Minh. Vietnamese people have a special annual tree planting festival, which highlights the country’s traditional custom initiated by President Ho Chi Minh in the spring of 1960, in the hope of greening up the country. From then on, when spring and Lunar New Year (Tet) festival draw near, ministries, sectors, localities, agencies, organisations and people respond to the tree planting campaign, turning the festival into the nation’s annual custom and reducing erosion and floods. Growing more trees generates huge potential of wealth for every family and society. For urban areas and industrial parks, trees help create … [Read more...] about Tree planting – a traditional custom in Lunar New Year festival