Environment protection

Passengers on Vietnam Airlines ' flight were welcomed with a cloth bag and card conveying the message of environmental protection, all made from environment lly-friendly materials. (Photo courtesy of Vietnam Airlines) Hanoi (VNA) – The national flag carrier Vietnam Airlines has participated in "The Sustainable Flight Challenge" (TSFC) programme, launched by SkyTeam Airline Alliance, with the first flight from Hanoi to the Republic of Korea’s Seoul. The programme aims to encourage ideas for aviation sustainable development , further reduce aviation’s impact on the environment and spur breakthrough ideas that can be shared across the industry. It has drawn the participation of 16 airlines from many countries including the United States, France, Italy, the Netherlands, Spain, China and the Republic of Korea. Participating carriers will be judged across 14 categories by an international panel of judges with members who are experts from related fields. The winners … [Read more...] about Vietnam Airlines joins SkyTeam’s Sustainable Flight Challenge programme

The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the Democratic Republic of Vietnam with this untarnishable fact, “All men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the Pursuit of happiness.” This was the spirit enshrined within the 1776 Declaration of Independence of the United States of America; it … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.

Norwegian Ambassador Grete Lochen writes to Việt Nam News on Norwegian Constitution Day, celebrated on May 17. Another Norwegian Constitution Day has come. I am very happy but also emotional to share my last address on this day as Norwegian Ambassador to Việt Nam. Norwegians celebrate May 17 as our National Day. On this day in 1814, Norway’s first constitution was signed. The Norwegian constitution is the second oldest in the world still in use. 208 years have passed but the core values of sovereignty of the people, separation of powers and individual rights enshrined in our Constitution remain because they form the backbone of Norway today. Openness, free exchange of opinions, inclusive decision-making processes and effective rule of law are the cornerstones of a modern, dynamic society. Therefore, the Norwegian society understands that we must continue to protect these values actively at home and through our international work. This is more important than ever in a world of … [Read more...] about Norway-Việt Nam to further cooperate in various fields

Bui Ngoc Tuan-Partner, Deloitte Vietnam The aim is to prevent tax base erosion and profit shifting, limit the race to the bottom on tax rates, and create a fair competitive environment in attracting investment among countries. It is hoped Pillar 2 would take effect from 2023. The regime would be applied to multinational corporations (MNCs) with a global consolidated turnover exceeding $778.5 million. Therefore, there would be a number of large MNCs in Vietnam in the scope of Pillar 2. When applying Pillar 2, if the effective tax rate of the subsidiaries of those MNCs in Vietnam is less than the GMT rate of 15 per cent, they would incur additional tax liabilities in the country of their headquarters, equal to the difference between the 15 per cent rate and the effective tax rate in Vietnam. Although the standard tax rate in Vietnam is 20 per cent, currently many foreign-invested enterprises (FIEs) that are subsidiaries of MNCs have projects eligible for investment incentives … [Read more...] about Assessing impact of global corporate tax rate on multinational companies