Hill area development programme ministry

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry

HCM City (VNA) - Famous singers and dancers of Vietnam performed in a special music programme in Ho Chi Minh City on January 25 night to welcome the 13th National Party Congress. The event was co-organised by the city’s organisation board of major holidays and the HCM City Light Music Centre. The programme, divided into three parts, featured 16 well-known songs expressing the gratitude to President Ho Chi Minh, and affirming the people’s belief in the  right directions and policies, and creative leadership of the CPV. It also praised policies of the Party and State that have created great development turning points, bringing a facelift to the country in general and HCM City in particular. The programme is considered greetings from the municipal Party Committee, authorities and people to the 13th National Party Congress with a firm belief that HCM City will become a civilized and modern city, and deserves being named after President Ho Chi Minh. In Hanoi, a … [Read more...] about HCM City holds art programme welcoming 13th National Party Congress

At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners have registered ships with foreign nationality to reduce taxes and fees. … [Read more...] about Shipping industry needs State support to develop: ministry

CAAV suggested applying the same model that was applied to the Van Don International Airport project in Quang Ninh Province, in which private investors will construct, manage and operate the airport under the PPP format with build-operate-transfer contracts. … [Read more...] about CAAV proposes developing six airports under PPP format