Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax
The behavior most associated with an increased risk of developing an eating disorder is ____
Steel price rises despite falling demand
Illustrative image. (Photo: VNA) Hanoi (VNA) – The price of construction steel is on the rise despite the fact that the demand for this type of construction material remains weak, insiders have said. Nguyen Van Sua, a steel industry expert, said that this year the steel price may not reach its peak as in 2022, but it is on the rise because the actual demand is not high. Hoang Cuong, an iron and steel dealer on Tam Trinh Street, Hanoi’s Hoang Mai district, said since the beginning of this year, steel price s have increased 7 times, with a total increase of about 1.2 million VND per tonne. A representative of a steel firm said that the demand for real estate is low while the cost of input materials remains high, thus, the selling price is raised to reduce losses. VNA … [Read more...] about Steel price rises despite falling demand
Vietnam – Belgium traditional friendship receives renewed support
The two countries officially established diplomatic ties on March 22, 1973, just two months after the Paris Agreement on ending the war and restoring peace in Vietnam was signed. Vietnam will long remember the wholehearted assistance from the Belgian government and people for its post-war reconstruction and recovery efforts. Over the past five decades, bilateral partnerships have flourished in various spheres, particularly politics - diplomacy, trade, agriculture, education - training, science and technology, and development cooperation at the federal, regional, and community levels. Belgium always attaches importance to relations with Vietnam and has established itself as an international partner substantially contributing to the Southeast Asian country’s successes via development cooperation programs. The two sides have also actively coordinated with each other at multilateral forums, especially the United Nations, the Asia - Europe Meeting (ASEM) and ASEAN - E.U. frameworks. … [Read more...] about Vietnam – Belgium traditional friendship receives renewed support
Shares gain for second day but caution persists
An investor watches share prices on a tablet. Shares rose a second day on both exchanges. — VNA/VNS Photo Shares climbed for a second day as good performace of global stock markets prior to the Fed’s announcement of a rate hike supported local investors’ psychology. The VN-Index on the Ho Chi Minh Stock Exchange increased by 0.79 per cent to close Wednesday at 1,040.54 points. It rose nearly 1 per cent in the previous session. The market breadth was positive with 203 stocks gaining, 170 losing while the other 128 closed flat. Although the trading was cautious, increasing liquidity in buying force at high prices led to an improvement in stock prices, especially in the banking and real estate industries. Nearly 459 million shares worth VND8.7 trillion (US$369 million) were traded, down 3 per cent in volume but up 4 per cent in value compared to Tuesday’s level. Property and banking stocks led the market growth with average growth of 1.5 per cent each, tracked by … [Read more...] about Shares gain for second day but caution persists
Workshop highlights importance of impact-based disaster forecasting
Deputy head of the Vietnam Meteorological and Hydrological Administration (VNMHA) Hoang Duc Cuong said that the workshop, jointly held by the VNMHA and the Asian Disaster Preparedness Center (ADPC) in response to the World Meteorological Day (March 23), will provide international experiences on forecasting and warning based on practical impacts in the world and Vietnam, contributing to forming processes and measures to effectively forecast disaster impacts in Vietnam at present and in future. At the workshop, the ADPC guided participants on how to build an impact matrix of storms and floods. Participants also discussed the role of disaster forecasting and warning, and emphasized the importance of information on impact-based forecasting in easing damage caused by natural disasters. Senaka Basnayake, Director for the ADPC’s Climate Resilience Department, said that in order to increase urban resilience to climate extremes, it is necessary to understand current and future risks, build … [Read more...] about Workshop highlights importance of impact-based disaster forecasting
Viet Nam promises optimal conditions for US enterprises: PM
Prime Minister Phạm Minh Chính and delegates of the US-ASEAN Business Council in Ha Noi on Wednesday. —VNA/VNS Photo Duong Giang The Vietnamese Government will continue to create favourable conditions for US businesses to expand investment in Viet Nam and support Vietnamese enterprises participating deeply in the production value chain of US enterprises. Prime Minister Pham Minh Chinh delivered this statement during a working session with the delegation of the US-ASEAN Business Council (USABC) in Ha Noi yesterday. The PM said that Viet Nam considered the US one of its most important partners and wanted to deepen the comprehensive bilateral partnership. He also praised the US business community's production and investment activities in Viet Nam, saying that the Vietnamese Government was willing to listen to the US businesses' opinions. The PM noted that the Vietnamese Government would accompany US businesses to solve difficulties and successfully implement their investment … [Read more...] about Viet Nam promises optimal conditions for US enterprises: PM
AeroExpo Hanoi & Vietnam Aviation Forum opens
Delegates cut ribbon to open AeroExpo Hanoi & Vietnam Aviation Forum 2023 (Photo: VNA) Hanoi (VNA) – Fifty foreign businesses and many major airlines in the world are participating in the AeroExpo Hanoi & Vietnam Aviation Forum 2023, which opened in the Vietnamese capital city on March 21. The three-day event is jointly held by the Hanoi Department of Industry and Trade and France’s Advanced Business Events (ABE) company. Acting director of the department Tran Thi Phuong Lan said that the expo is a chance to connect more than 160 business partners in order to develop the aviation industry of Hanoi city, and speed up the restructuring process of industries associated with digital transformation. It also gathers a large number of prestigious experts, speakers, and leaders of aviation firms, airlines and producers from inside and outside the country who come to exchange and share new development opportunities and new initiatives to serve the development of the sector. … [Read more...] about AeroExpo Hanoi & Vietnam Aviation Forum opens
Youth must pioneer national digital transformation: N.A. Chairman
The Vietnamese Party and State always attach special importance to youth and the youth work, and place faith in the force and the Youth Union, Chairman Vuong Dinh Hue said at a meeting with the HCYU Central Committee’s Secretariat on the occasion of the 92nd anniversary of the HCYU. Speaking highly of the theme of “Digital Transformation” that the HCYU Central Committee has selected for the Youth Month 2023, he stressed that this is an important and urgent task that can make Vietnam integrate more deeply into the general development of the world. The N.A. Chairman highlighted the importance of continuing to innovate the content and mode of operation in the context of digital transformation; and carrying out tasks and solutions to promote the intelligence and strength of young people through three movements: "Volunteer Youth," "Creative Youth," and "Youth Pioneers to Defend the Fatherland." The HCYU should implement measures to accompany and take care of adolescents in all aspects … [Read more...] about Youth must pioneer national digital transformation: N.A. Chairman
Textile, garment firms switching to green production
A garment factory in Vietnam (Photo: VNA) Hanoi (VNA) – Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported. Greening textile and garment production chains is currently a global trend that are compulsory for businesses to achieve sustainability. It is also a requirement placed on manufacturers as the EU, which imports over 4 billion USD worth of textiles and garments from Vietnam annually, has proposed the imposition of some eco-regulations on imports. Major fashion brands in the world are also prioritising green enterprises to place their orders or requesting suppliers to adopt green practices. Facing challenges and strict requirements from the market, many Vietnamese businesses are making changes towards green manufacturing, including upgrading factories and using recycled fabric and green energy. Among … [Read more...] about Textile, garment firms switching to green production
Major US companies laud Vietnam as strategic market
At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market