High voltage for electric vehicle

Indonesia mulls reducing tax on EVs sales to 1% (Photo: AFP/VNA) Jakarta (VNA) – Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment. Septian Hario Seto, a senior official of the ministry, said the country has a target of having at least 1.2 million electric motorcycles and 35,000 electric cars in use by 2024. He revealed the government will give a cash incentive of 7 million rupiah (467.6 USD) for every electric motorcycle sold until sales reach a certain volume that is still under discussion. However, the planned incentives may only be available for electric vehicles (EVs) that are at least 40% locally-made. The official said the local content percentage will be increased further to 60% and more in the time ahead. The regulation laying out incentives for EVs is expected to be issued next week./. VNA … [Read more...] about Indonesia mulls reducing tax on EVs sales to 1%

The Thai government's spokesman Anucha Burapachaisri. (Photo: nationthailand) Bangkok (VNA) – The Thai government's spokesman Anucha Burapachaisri said on February 1 that the Ministry of Industry has signed a memorandum of understanding (MoU) with Japan’s Ishikawa prefecture to forge links between local enterprises. Anucha stressed that Ishikawa is the 23rd out of Japan’s 47 prefectures to sign an MOU with Thailand to promote industrial cooperation under the theme of “Otagai”, which means “to help each other”. On the Thai side, the Department of Industrial Promotion will match cluster industries in Ishikawa, including machinery, textile and fibre, food and agriculture, with suppliers and partners in Thailand. Both sides also agreed to participate in the 22nd Otagai Forum in Nanao City, Ishikawa, on February 22 to promote collaboration in the carbon-fibre-reinforced polymer and food processing industries and the bio-circular and green (BCG) economy. Anucha said over … [Read more...] about Thai, Japanese businesses forge links

Nen spoke highly of the diplomat’s performance, which he said has greatly helped enhance the friendship, solidarity, and cooperation between the two countries, including between Ho Chi Minh City and Cambodian localities, the Sai Gon Giai phong daily reported. He said he believes in new positions, Sok Dareth will continue dedicating to bilateral connections. Authorities at all levels of Vietnam and Cambodia should act more effectively to implement the guidelines and policies issued by high-ranking leaders so as to lift the two countries’ relations to a new height, the host official noted, affirming that Ho Chi Minh City is ready to do its utmost to develop bilateral ties more strongly. For his part, Sok Dareth thanked the Vietnamese Party and State, as well as authorities and people of Ho Chi Minh City for their support to his office and himself to fulfill duties. He congratulated the Southern metropolis on its achievements and applauded the local administration’s provision of … [Read more...] about Ho Chi Minh City leader highly values contribution by Cambodian Consul General

"This is the worst Tet (Lunar New Year) of my life," he said. The 27-year-old joined Google's new project development team in Silicon Valley last year after passing a series of rigorous interviews. This Tet , which began on January 22 this year, he took time off work to visit his family in Vietnam. On January 20, however, he received a shocking email dismissal letter. "Before I was fired, I didn't hear a word from the management team. I didn't have time to ask my coworkers what was going on because I was too busy with other things during Tet . I didn’t know what to tell my loved ones about this news," he lamented. Since his H-1B visa, a work visa with a cumulative maximum duration of six years, is set to expire in 60 days, he cut short his vacation and came back to the U.S. to complete the paperwork and get ready to start looking for a new job. Similar frustrations were felt by former Meta employee Hong Anh, who was in the U.S. with only a few weeks left on her visa … [Read more...] about Vietnamese tech workers high and dry amid layoffs in Silicon Valley

Politburo member and Secretary of the HCM City Party Committee Nguyen Van Nen (R) meets with Cambodian Consul General Sok Dareth on February 1. (Photo: sggp.org.vn) Hanoi (VNA) – Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen appreciated Cambodian Consul General Sok Dareth’s substantial contributions to the city’s relations with Cambodian localities, while receiving the outgoing diplomat on February 1. Nen spoke highly of the diplomat’s performance, which he said has greatly helped enhance the friendship, solidarity, and cooperation between the two countries, including between HCM City and Cambodian localities, the Sai Gon Giai phong daily reported. He said he believes in new positions, Sok Dareth will continue dedicating to bilateral connections. Authorities at all levels of Vietnam and Cambodia should act more effectively to implement the guidelines and policies issued by high-ranking leaders so as to lift the two … [Read more...] about HCM City leader highly values contributions by Cambodian Consul General

A petrol station in HCM City. The Ministry of Industry and Trade has proposed that fuel prices be adjusted weekly on Thursday. — VNA/VNS Photo Prime Minister Pham Minh Chinh asked the Ministry of Industry and Trade (MoIT) to take measures to ensure the supply of all key commodities, especially fuel, and to stabilise the country's distribution channels for the economy after the Tet (Lunar New Year) holiday. Vietnam Electricity (EVN) was told to speed up the construction and implementation of major power projects, including renewable energy, to ensure enough power for the country's crucial industries. In addition, priority should be given to connecting isolated and remote communes to the national power and telecommunication networks. MoIT, the ministry in charge of Viet Nam's power sector, was told to quickly finish and submit the country's Power Planning VIII to the central government for review. The PM said the country's top priority in the short term is to focus on boosting … [Read more...] about MoIT propose adjusting fuel prices every Thursday

Although in 2022, the country posted a record aquatic export value at 11 billion USD, the result mostly came from high growth in the first three quarters. (Photo: VNA) HCM City (VNA) – Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The association reported that in January, total export value of aquatic products dropped 31% to about 600 million USD, with revenue generated from major markets also falling, by 56% in the US market, 55% in China, and 35% in the EU market. According to VASEP, although in 2022, the country posted a record aquatic export value at 11 billion USD, the result mostly came from high growth in the first three quarters. The trend reversed in the fourth quarter of 2022, with strong decreases seen in all products as many foreign markets … [Read more...] about Seafood firms look to second quarter for exports to recover

Lieut. Gen. To An Xo (Photo: VNA) Hanoi (VNA) – Violations at vehicle registration centres have signalled an organised corruption case , causing severe losses to the society, Lieut. Gen. To An Xo , spokesman of the Ministry of Public Security, told the Government’s regular press conference on February 2. The Departments of Public Security in localities have to date examined 32 centres and prosecuted 248 defendants on charges of "bribery brokerage", "giving bribes", "receiving bribes" and "forgery at work", released Xo. Investigations show that some inspection and registration leaders received monthly and quarterly bribes from several registration centres to ignore errors in dossiers of vehicle owners, or violations during periodical or unexpected inspections and assessments. Regarding Viet A and rescue flight cases – which have drawn great public concern, Lieut. Gen. Xo said that the ministry is striving to complete investigations into  them within the first … [Read more...] about Violations at registration centres an organised corruption case: ministry spokesman

Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimized many advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production. Therefore, to boost farm exports to the E.U., the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international … [Read more...] about Vietnam develops green agriculture to increase exports to E.U.

Ambassador Dang Hoang Giang (R), Permanent Representative of Vietnam to the United Nations, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the Un ited Nations (UN) exhange the joint statement. (Photo: VNA) Hanoi (VNA) – Vietnam and Trinidad and Tobago officially established the diplomatic ties on February 1. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the United Nations (UN), on behalf of the two governments, signed a joint statement on the establishment of the diplomatic ties between the two countries at New York. Accordingly, Vietnam and Trinidad and Tobago agreed to exchange diplomatic representatives at the ambassadorial-level under the 1961 Vienna Convention on Diplomatic Relations. On the same day, the document was sent to UN Secretary-General Antonio Guterres for circulation and to UN member countries for information. With the … [Read more...] about Vietnam, Trinidad and Tobago set up diplomatic ties