Quotes sustainable development

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

With the motto “Solidarity - Democracy - Discipline - Creativeness - Development”, the 13th National Party Congress will review not only the implementation of the Resolution of the 12th National Party Congress but also 35 years of implementing the “Doi Moi” (Renewal) process, 30 years of implementing the 1991 Political Platform, 10 years of implementing the amended Political Platform (supplemented and developed in 2011) and the National Socio-economic Development Strategy 2011-2020; setting out socio-economic development orientations and tasks for 2021-2025 (the 50th anniversary of the liberation of the South and national reunification); and determining goals and orientations to 2030 (the 100th founding anniversary of the Party) and a vision for national development to 2045 (the 100th founding anniversary of the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam). These are important milestones in the development process of the Party, the … [Read more...] about 13th National Party Congress: Stepping up renewal process, rapid and sustainable national development

Due to the COVID-19 pandemic, the growth of volume in 2020 was 4 per cent, slower than the annual average. Of which, the volume of container cargo through the local seaports in 2020 was estimated at 22.1 million TEU, up 13 per cent compared to 2019. — VNS … [Read more...] about Shipping industry needs State support to develop: ministry

Hanoi (VNA) – Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA). During the interview, Wiesen said Vietnam was commended for the significant preparations of all the background documents for the 13th National Party Congress, particularly socio-economic development strategy and the socio-economic development plan. The official noted these critical documents will determine Vietnam’s cause of development for the next five- and ten-year periods. Wiesen affirmed the UNDP has been delighted to partner with the Ministry of Planning and Investment and other partners to contribute to the development of the socio-economic strategy and plan, saying it is looking forward to joining the Vietnamese Government in implementing them. The UNDP … [Read more...] about UNDP vows to accompany Vietnam in development process

Approval of a project supporting the application of advanced machinery and equipment According to the Binh Duong Department of Industry and Trade, the total budget for the provincial industry promotion in 2020 was VND4.63 billion. Accordingly, the department approved 20 industry promotion plans and schemes with funding of more than VND4.25 billion. The industrial promotion program has supported the development of technical demonstration models; handled technology transfers and application of scientific and technical advances in industrial and handicraft production; built pilot models of applying cleaner production for nine enterprises and rural industrial establishments with a total funding of VND2.97 billion. … [Read more...] about Binh Duong accompanies enterprises on road to industrial development