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
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Military business assists locals in economic development
The company also presented funds to help 63 households in the communes to transform their coffee gardens. This was an activity within the "National target program on socio-economic development - model of soldiers associated with people in ethnic minority and mountainous areas in the period 2021- 2025” component project. Over the past years, Coffee 15 One Member Co., Ltd. has helped hundreds of poor households in the project areas of the two defense-economic zones transform their old coffee gardens, reclaim land for wet rice, fruit trees, and medicinal herbs to increase income, thus reaching sustainable poverty reduction target. Below are photos of Coffee 15 One member Co., Ltd. helping local people develop domestic economy. Translated by Song Anh … [Read more...] about Military business assists locals in economic development
Tax and land-use fee reductions should continue in 2023: MoF
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