Na org meetings

Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

Gia Lai is an ideal destination for travelers wanting to explore the wild nature and the unique culture of the Central Hughlands ethnic groups who are known for their gong heritage. When visiting Gia Lai, you do not need to go far to find beautiful scenery. Right in its provincial capital, Pleiku, you can find scenic Bien Ho (Sea Lake), Bien Ho Che (Tea Sea Lake), Chu Dang Ya and Ham Rong volcanoes and Chu mountain. All you need is a motorbike to drive around in Pleiku in the sun and wind of the Central Highlands to reach the best sightseeing places in town. You can enjoy the gorgeous view of Bien Ho with its cool and clear air or wander in immense green tea hills in Bien Ho Che. You can also see beautiful wild sunflowers dyeing yellow the sides of old volcanoes which have slept for millions of years, or enjoy the wild and dreamy beauty of rubber forests in their season of changing leaves. For those who love adventurous trips, Kon Chu Rang and Kon Ka Kinh (an ASEAN heritage park) … [Read more...] about Gia Lai – Ideal place for travelers wanting to explore wild nature

The Ministry of Finance's main office in downtown Ha Noi. — VNA/VNS Photo The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection. However, the ministry's proposal did not include a value-added tax (VAT) reduction of 2 per cent, which it said has been challenging and complicated to implement. In the MoF's latest proposal to the government, businesses, household businesses and individuals were to continue to enjoy a 30 per cent cut in land-use fees in 2023, on top of an extension on their tax duties. "The ministry supports the government's policy to give businesses more time to meet their financial duties and a 30 per cent reduction in land-use fees as parts of an effort to support businesses," said Ho Duc Phoc, Ministry of Finance. Phoc said key priorities for the central government this year include speeding up the disbursement of public investment … [Read more...] about Tax and land-use fee reductions should continue in 2023: MoF

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders. A customer at a Vietcombank office in Hanoi. Though the four biggest State-owned banks, including Vietcombank, have been a key force in supporting the economy to overcome difficulties, their charter capital is too low. Photo thoibaonganhang.vn Currently, the big four, including BIDV, Vietcombank, Agribank and VietinBank, only hold more than 40 per cent of the credit market share of the country’s banking system, but over the years, especially in the past three years, the banks have been a key force in supporting the economy to overcome the difficulties caused by the COVID-19 pandemic and global economic uncertainties. State-owned banks always take the lead in implementing incentive policies of the National Assembly, the … [Read more...] about State-owned banks under capital increase pressure