Ifcs new regional vice president

Visa extension proposal is expected to help boost tourism. (Photo: VNA) Hanoi (VNA) – The Government has agreed to propose to the National Assembly some new policies relating to the immigration, transit and residence of foreigners in Vietnam, including one on a visa extension to 90 days. 15-day stay too short Do Van Thuc, Deputy Director of Dat Viet Tour Company, said his trans-national tours are favoured by many international tourists, adding that such tours offer six days in the north and another six days in the central region. Therefore, those with visa-free stay of only 15 days will not have enough time to travel the southern region, he said. According to the official, many international tourists initially plan to spend only two weeks in Vietnam. However, the country’s charm has persuaded them to stay longer, and seek ways to extend their visa. Many others spend up to two days on flights to the Southeast Asian nation. Meanwhile, many tourist destinations … [Read more...] about Visa extension proposal to help boost tourism: Insiders

PM Pham Minh Chinh (R) and Liu Ning, Secretary of the Party Committee and Chairman of the Standing Committee of the People's Congress of China’s Guangxi Zhuang Autonomous Region , at the meeting in Hanoi on March 31. (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh received Liu Ning , Secretary of the Party Committee and Chairman of the Standing Committee of the People's Congress of China ’s Guangxi Zhuang Autonomous Region, in Hanoi on March 31. Prime Minister Pham Minh Chinh emphasised that in Vietnam’s overall foreign policy, the comprehensive strategic cooperative partnership between Vietnam and China always holds an important position. The two sides need to continue to thoroughly grasp and concretise the common perceptions reached by Party General Secretary Nguyen Phu Trong and Party General Secretary and President of China Xi Jinping on bringing Vietnam-China relations into a new stage of development, he said. Congratulating Guangxi on its … [Read more...] about Prime Minister hosts China’s Guangxi leader

Vietnamese steel industry calling for wider investment from overseas entities, photo Le Toan Posco Yamato Vina Steel JSC, a joint venture between South Korea’s Pohang Iron and Steel Company and Japan’s Yamato Holdings, is contemplating constructing a second facility in Vietnam. Lee Youngwoo, general manager of Posco Yamato Vina, wants to “establish a robust sales network” across Vietnam while enhancing scrap supply security. In 2020, Posco Yamato Vina was the first to manufacture wide H-shaped steel in Vietnam. According to Lee, the business built a representative office in Haiphong last year in order to “create additional prospects for collaboration” with clients. In the southern province of Ba Ria-Vung Tau, Posco Yamato Vina operates a steel mill with a capacity of one million metric tonnes per year and produces section steel with a capacity of 500,000 tonnes per year. Following a lack of foreign investment in steel manufacturing in recent years, many observers see Posco … [Read more...] about Vietnamese steel industry calling for wider investment from overseas entities

At the conference (Photo: VNA) Hanoi (VNS/VNA) - Vietnam needs to develop appropriate policies to adapt to the global minimum tax and remain an attractive FDI destination , heard a seminar in Ho Chi Minh City on March 29. Dr Tran Du Lich told the seminar, titled "Global Minimum Corporate Tax - Prospects and Challenges in attracting FDI in HCM City", that the global minimum corporate tax rate of 15%, which is set to be applied next year in Vietnam , is forecast to have a significant impact on Vietnam in whose economy FDI plays a significant role. The tax applies to multi-national corporations with revenues of at least 750 million euros (870 million USD). When a company invests in a foreign country but pays corporate income tax of less than 15% in that country, it will have to pay the difference in the country where it is headquartered. As of today, 141 countries and territories have signed up to implement the tax. “It is estimated that 1,015 FDI companies in … [Read more...] about Global minimum tax should not impact investors’ benefits: Conference

Inspectors examine a container at Cai Lan port in Quang Ninh province. More ports need to be built to promote inter-regional ties. (Photo: VNA) Thai Binh (VNA) - The Red River Delta is a region of geopolitical, economic, cultural, and social importance to Vietnam , according to Minister of Planning and Investment Nguyen Chi Dung. The minister made the remarks at a seminar "Promoting investment, trade, and services to strengthen inter-regional ties" held on March 30 in Thai Binh province. He said in more than 15 years, the region saw a remarkable economic advancement with an average annual growth rate of 8.93%, far higher than the country's level. In 2022, its GDP hit 2.89 quadrillion VND (123 billion USD), contributing to nearly one-third of the national GDP. Its income per capita was 1.3 times as high as the national average, at 123.4 million VND per annum. Despite the impressive economic growth, the region still faces some major obstacles. First, its transition … [Read more...] about Red River Delta – national economic powerhouse: Official

Phuong Mai Peninsula in Quy Nhon city, Binh Dinh province, is believed to boast potential for tourism development. (Photo: thanhnien.vn) Binh Dinh (VNA) – The Tourism Association of Binh Dinh province signed a cooperation agreement with its counterparts of eight localities in the coastal northern and north central regions on March 29 in efforts to establish Binh Dinh as a leading destination in Vietnam and the region. Under this agreement, the tourism associations of Hai Phong city and the provinces of Thai Binh, Nam Dinh, Thanh Hoa, Hai Duong, Quang Ninh, Ninh Binh, and Quang Binh will give advice and assist Binh Dinh to build and implement tourism promotion plans. In particular, travel companies in the eight localities will help develop images of Binh Dinh as an attractive destination, support local tourism units to take part in fairs and exhibitions, and popularise tourism via travel correspondents’ clubs and promotion events. The agreement signing ceremony between the … [Read more...] about Binh Dinh partners with eight localities in tourism development