The ministry’s proposal to extend the special consumption tax (SCT) payment period is expected to give a boost to the vehicle market, and create better conditions for cars manufacturers across the country. Currently, there are 12 vehicle manufacturing and assembling enterprises that could benefit from the extension (see box). Thanks to the support from the government policies, the domestic auto industry has recovered markedly from the pandemic and other pressures, with growth and sales in 2022 much higher than in 2019. However, output and sales of domestically manufactured cars are decreasing. In October 2022, the output was 25,571 vehicles and the corresponding SCT was $169 million. In November, the output decreased to 23,658 vehicles, and the corresponding SCT was $148 million. In December 2022, the amount of SCT incurred was $140 million; in January 2023, the amount was only $63 million. The Ministry of Finance (MoF) has yet to announce SCT collected in recent months. … [Read more...] about Carmakers keen on extension of SCT pay
Ispr song on 23 march 2018
“Red Sunday” program collects over 450 blood units
The 15th edition was part of the emulation program of the military youths in general and of the VMMU youth in particular in celebration of the 133rd birthday anniversary of President Ho Chi Minh (May 19, 1890 - 2023), and towards 75 years since President Ho Chi Minh issued a call for patriotic emulation (June 11, 1948 - 2023). Addressing the event, Senior Colonel Doan Van Mau, Deputy Political Director of the VMMU, stressed that over the past time, the university’s Party Committee and Board of Directors have actively directed the establishment of a steering board on voluntary blood donation with Youth Union members and youths as the core of the blood donation program. The steering board has proactively disseminated information to the university’s cadres, Youth Union members and youths to raise their awareness of the noble significance of the voluntary blood donation activities, promote their sharing and stay ready to donate blood to save lives. The school’s official emphasized that … [Read more...] about “Red Sunday” program collects over 450 blood units
Various activities held for Agent Orange/Dioxin victims and national contributors
The program was jointly organized by the Central Committee of the Vietnam Association of Victims of AO/Dioxin, the Green Leaf Charity Fund of Dong Cao Pagoda (Thai Binh province), Thai Nam Property Management and Development Joint Stock Company, and the Associations of AO/Dioxin victims in Hai Duong and Thai Binh provinces. In Hai Duong, the organizing panel presented 100 gift packages, worth VND 700,000 each, to AO victims in the districts of Binh Giang, Thanh Mien, and Gia Loc while in Thai Binh province, the organizers gave 100 gifts to AO victims in Thai Thuy and Kien Xuong districts. At the event, local authorities and benefactors expressed their hope that in the coming time, there would be more enterprises and individuals accompanying the program to support AO victims and needy people to stabilize their lives. * On the same day, the Lam Dong provincial Military Command held a ceremony to start the construction of a gratitude house for the family of a national contributor in … [Read more...] about Various activities held for Agent Orange/Dioxin victims and national contributors
Coach Park Hang-seo awarded VUFO’s friendship insignia
It is the VUFO’s most noble distinction honoring Park's significant contribution to the Vietnamese football and the friendly and cooperative relations between the people of Vietnam and the Republic of Korea (RoK). Speaking at the event, Nguyen Phuong Nga said the bilateral ties have become a successful model based on political trust, vibrant economic cooperation, and a close attachment in people-to-people exchanges. She attributed that to the important contribution of people’s organizations and individuals from both countries, including Park. As the head coach of the Vietnamese national football team from 2017 to 2022, Park trained and improved the talent of players, helping them gain confidence and bring glory to Vietnam at regional and international tournaments, including winning the 2018 AFF Cup championship, two gold medals in men's football at the 30th SEA Games in 2019 and the 31st SEA Games in 2021, becoming the second runner-up at the 2018 U23 Asian Cup, securing the fourth … [Read more...] about Coach Park Hang-seo awarded VUFO’s friendship insignia
Love changes oversize model’s life
But that was 10 years ago, before she met Hoang Son in 2018. He helped her realize that "being oversized is a unique advantage," she said. "I had probably been hurt too much, and Son came to compensate," the 30-year-old woman said of her now-boyfriend. Quynh and Son at a cafe in Ho Chi Minh City in 2022. Photo courtesy of Quynh Before meeting Son, Quynh believed that she had an "overweight" body. Her height was 1.6 meters, while her weight was 58 kilograms, about 10 kilograms more than the average weight of her peers. She was turned down for jobs many times because companies said she had an "underqualified appearance." But what hurt Quynh most was when her boyfriend of eight years told her to lose weight. "Everyone around me made me feel like I’m ugly. I tried to lose weight like my ex wanted me too, and I didn’t dare wear things he didn’t find eye-catching," she recalled. She also skipped meals and over-exercised. "Still, after all the effort I put in, … [Read more...] about Love changes oversize model’s life
Budget estimate shortcomings require modern fix
The government last week reported that under its latest calculations, the state budget revenue last year hit about VND1.815 quadrillion ($78.93 billion), which is VND201.4 trillion ($8.75 billion) or 12.5 per cent higher than a previously reported figure. “The revenue has sufficiently met all tasks on expenditures for development investment, social security, salary reform, and other necessary tasks,” the government stated. Budget estimate shortcomings require modern fix Such a revenue increase was thanks to a rise in many items, with enterprises performing relatively well despite massive difficulties. For example, the economy’s most updated export turnover last year reached $371.3 billion, higher than the $368 billion earlier reported to the National Assembly – with the exact trade surplus of more than $12.4 billion, far higher than the only $1 billion earlier reported to the legislative body. However, the National Assembly Economic Committee (NAEC) found that the … [Read more...] about Budget estimate shortcomings require modern fix
Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Australian prime minister to visit Vietnam this weekend
Australian Prime Minister Anthony Albanese will pay an official visit to Vietnam on Saturday at the invitation of Vietnamese Prime Minister Pham Minh Chinh, according to the Ministry of Foreign Affairs. This will be his first visit to Vietnam since he took office in 2022. The Australian prime minister’s visit will be made two months after Australian Governor-General David Hurley’s state visit to Vietnam. His two-day visit is aimed at marking the 50th anniversary of diplomatic ties between Vietnam and Australia. Australian Prime Minister Albanese will meet several top Vietnamese officials during his trip, said the Australian Embassy in Vietnam. “The leaders will come to the table about measures to deepen the partnership in trade, investment, education, energy, and environmental protection," the embassy said. “Vietnam is one of Australia’s key strategic economic partners in Southeast Asia, which is a focus of Australian Prime Minister Albanese." “My first official visit to … [Read more...] about Australian prime minister to visit Vietnam this weekend
Trans-Vietnam railway world’s most incredible rail trip: Lonely Planet
Lonely Planet , the world-renowned travel guide, recently named Vietnam’s North-South Railway, also known as the Reunification Express line, as the most incredible train journey in the world. The railway was described as one of Southeast Asia’s best-loved railways and the world's most epic overnight train journey. It stretches for 1,730 kilometers between the country’s two biggest cities of Hanoi and Ho Chi Minh City over the course of two days. Some railways rattle through historic cities; others swoosh beside spectacular coastlines. A few have an epic history, and one or two are remarkable for the colorful characters onboard. The Reunification Express line fulfills all these criteria, said Lonely Planet . “There is no more atmospheric way to haul into Vietnam’s twin metropolises. And there’s no better way of exploring all the glories in between,” the site added. Besides Vietnam’s North-South Railway, Lonely Planet ’s list of the most incredible train journeys includes … [Read more...] about Trans-Vietnam railway world’s most incredible rail trip: Lonely Planet
Preparedness crucial in safeguarding banking sector
Factors potentially triggering the turmoil include monetary tightening, weak economic conditions, mismanagement, loss of confidence, maturity and currency mismatches, as well as instances of outright fraud and criminal activities. Most banks are resilient and avoid such difficulties -- but not all. Consequently, financial authorities must maintain preparedness to intervene whenever necessary, all while avoiding unintended consequences that could potentially sow the seeds of future banking crises. Global banking stress The current banking turmoil is largely due to the cycle of monetary tightening. Since early 2022, central banks have been quick to increase interest rates to bring inflation under control. In the United States, the effective Fed Funds rate increased by 500 basis points in just 14 months, a speed never observed since 1988. The European Central Bank has raised its policy rates by 400 basis points since mid-2022 and indicated that more rate hikes are forthcoming. … [Read more...] about Preparedness crucial in safeguarding banking sector