Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc chaired a meeting of the Cabinet on July 8 to discuss the implementation of the National Assembly (NA)’s resolution on adjustments to the plan for investment in the construction of three sections of the North-South Expressway in the 2017-2020 period.North-South Expressway runs through 13 cities and provinces, starting from Nam Dinh in the north and ending in Vinh Long in the Mekong Delta. Total investment for the 654-km route is expected to top 118.7 trillion VND (5.1 billion USD). … [Read more...] about Adjustments to eastern section of North-South Expressway discussed
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Philippine pivot does not impact on Vietnamese rice export After a year letting the private sector import rice on a “tax-based mechanism” instead of a quota-based mechanism in line with the G2G regime, the Philippine side is considering a comeback to the previous regime to import 300,000 tons of rice. … [Read more...] about Rice exports set to jump, renewable energy in high demand: Vietnamese trade minister
Meanwhile, the law also stipulates specific sectors and targets entitled to investment incentives, mainly those in fields of hi-tech, innovative startups, R&D, production of new materials, new and clean energies, IT products, digital content, among others. … [Read more...] about What’s new in Vietnam’s amended Investment Law?
The vote put to rest a lengthy debate over whether household businesses should be governed under the Law on Enterprises. A majority of deputies voiced concerns that given the distinct characteristics of household businesses and how differently they operate compared to other businesses, there should be a seperate law for them. … [Read more...] about Vietnam’s revised enterprise law to not include household businesses
Phnom Penh (VNA) - The National Assembly of Cambodia on June 4 adopted two draft laws on anti-money laundering (AML) and counter-terrorist financing (CFT) and on combating the financing of weapons of mass destruction (WMD) proliferation. Speaking at the assembly's session, Cambodian Interior Minister Sar Kheng said the country became a member of the Asia Pacific Group (APG) on Money Laundering in 2004 and as its member, the kingdom is required to follow international standards on combating money laundering, terrorist financing and WMD proliferation financing. According to the official, the draft law on AML and CFT is designed to combat money laundering and terrorist financing by identifying measures to control, prevent, crack down on and eliminate them. It also stipulates measures to freeze, restrain and seize assets in criminal proceedings, and to punish perpetrators. Meanwhile, the draft bill on combating the financing of WMD proliferation was aimed at controlling on providing … [Read more...] about Cambodia passes draft bills to curb money laundering, weapon financing