Schemes by ministry of rural 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

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

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

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

A view of the Tan Son Nhat International Airport in HCMC. The Civil Aviation Authority of Vietnam has proposed developing six airports under the PPP format – PHOTO: LDO HCMC – The Civil Aviation Authority of Vietnam (CAAV) has submitted a plan to the Ministry of Transport to mobilize resources for the development of aviation infrastructure, proposing developing six airports across the country under the public-private-partnership (PPP) model. … [Read more...] about CAAV proposes developing six airports under PPP format