By Bich Quyen – Translated by Kim Khanh
2019 delayed tax refund
Prime Minister Nguyen Xuan Phuc made these remarks whilst chairing a meeting on the adjustment of the city’s master planning to 2030 with a vision towards 2045.
Upon appreciating the quality of the central city’s master plan adjustment project, PM Phuc noted that in the near future, Da Nang is destined to become a special Vietnamese city, joining the likes of Hanoi and Ho Chi Minh City. Therefore, the planning, adjustment, and implementation of the master planning must be fully oriented towards local people, serving national development interests, while not allowing corruption or group interests to occur.
The master plan for the city towards 2030, with a vision ahead to 2045, was first adopted back in 2013. After seven years of implementing the project, Da Nang city has seen fast development. However, as a means of implementing the Politburo’s Resolution No. 43 dated January 24, 2019, on the construction and development of Da Nang to 2030, with a vision to 2045, and to meet relevant development needs, the PM has agreed to allow the city to adjust the master plan project.
Upon addressing the meeting, the municipal leader said that Da Nang has hired a professional company from Singapore to advise the project on adjusting the master plan towards developing the central city into a modern, green, and eco-friendly place in response to the request from the Politburo’s Resolution 43. The city has also organised an array of seminars and meetings to collect opinions of specialised agencies, individuals, and businesses.
Ministry of Construction representatives, along with those from other relevant ministries and agencies in charge of the project appraisal, said that to adjust general planning, the central city has calculated socio-economic statistics, and provided a thorough assessment of natural conditions. This is in addition to looking at the environment and development orientation in an effort to enable Da Nang to become a centre for tourism and services, along with the regional marine-based economy.
The cabinet leader outlined that the adjusted master plan deals with the limitations of the original 2013 scheme, while paying close attention to green development alongside orientations for space planning and modern infrastructure, contributing to creating an economic hub in the nation’s central regions.
The Government leader also asked the city to deal with the local wastewater problem without causing pollution to the marine environment, a very important factor in protecting nature in Da Nang. Along with this, greater attention should be paid to tackling the issue of climate change, along with clarifying the relationship of Da Nang with localities such as Quang Nam, Thua Thien Hue, and Quang Binh. This should be done whilst clarifying the position of national defence and security, thereby striving to achieve the concept of making Da Nang both a vibrant and safe city.
In relation to the city’s development in the long term, the PM has stated that Da Nang must focus on developing many fields, rather than just services. Indeed, the city should adopt a policy to attract technology and industry projects to minimise environmental damage and ensure sustainable development, while also avoiding negative growth in case of fluctuations.
Along with general planning and detailed plans which will be deployed by the city in the near future, PM Phuc has stated the need to combat group interests when implementing and adjusting planning, especially with regard to detailed plans. He also underlined the need to stamp out corruption, and other negative phenomena when focusing on master planning adjustment and the implementation of detailed planning.
The Government leader has therefore assigned the municipal Party Committee, the People’s Council, and the municipal administration to develop a public and transparent management mechanism to monitor master planning. The Ministry of Construction and other agencies will periodically supervise the implementation of the master plan, while other ministries and agencies must create favourable conditions for Da Nang to develop infrastructure, including seaports and airports, PM Phuc emphasized.
Border guards in the northern province of Cao Bang have caught 13 Vietnamese citizens attempting to enter the country illegally via the Vietnam-China border to dodge compulsory quarantine for COVID-19 prevention and control.
The border jumpers were detected in the border area in Thong Nhat Commune, Ha Lang District early Sunday morning, the provincial border guard officers confirmed.
They were escorted to the Quang Long border guard station for verification.
The border jumpers said they hail from multiple Vietnamese provinces, namely Thai Nguyen, Phu Tho, Thanh Hoa, Dak Nong, Bac Lieu, Soc Trang, and Tra Vinh.
They had entered China against the law to work since 2017.
The Vietnamese citizens were then required to fill out health declaration forms, had their body temperature measured, and brought to local quarantine centers in accordance with regulations on COVID-19 prevention and control.
|Vietnamese border jumpers are handed over by Chinese authorities to border guard officers in Cao Bang Province, Vietnam, February 28, 2021. Photo: Xuan Chien / Tuoi Tre|
In related news, 34 Vietnamese citizens were handed over by Chinese authorities to the border guard unit at Tra Linh Border Gate in Cao Bang Province on Sunday.
They previously entered China unlawfully via the northern border to find jobs from 2019 to early 2021.
They have been quarantined in accordance with current regulations.
According to the Vietnam Border Guard Command, a total of 101 people were caught attempting to sneak into China and Cambodia from Vietnam on Sunday.
The Hanoitimes – The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year.
Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report.
|Data: GSO. Chart: Ngoc Thuy|
Overall, Vietnam’s trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%.
According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total.
Among Vietnam’s key export staples, phones and parts are predicted to earn the largest export turnover during the January-February period at US$9.3 billion, up 22.8% year-on-year and accounting for 19.2% of Vietnam’s total exports.
In addition, electronic products, computers and components have earned an estimated US$6.9 billion, up 27.3% year-on-year; followed by equipment and parts (US$5.5 billion and up 72.6%); garments (US$4.8 billion and down 0.01%).
|Data: GSO. Chart: Ngoc Thuy|
In the January – February period, the US, China, EU, ASEAN and South Korea remained Vietnam’s largest five export markets.
Meanwhile, China continued to be Vietnam’s largest supplier, selling US$17 . 3 billion worth of goods to Vietnam, surging 85 . 7% year-on-year.
South Korea claimed the second place by exporting US$8 . 4 billion worth of goods to Vietnam, up 6.7% year-on-year, followed by ASEAN countries with US$5.6 billion, up 18.5%.
The Hanoitimes – The two countries keen on trade and energy cooperation.
Vietnam and the United Kingdom will tighten co-operation to implement the UK-Vietnam Free Trade Agreement (UKVFTA) effectively, promoting the import and export of goods and increasing bilateral trade value between the two countries.
|A tra (catfish) processing line. Tra products are entitled to a zero % tax rate when exported to the UK.|
The co-operation plan was a key content discussed by Deputy Minister of Industry and Trade Dang Hoang An and British Ambassador to Vietnam Gareth Ward at a meeting held recently in Hanoi.
At the meeting, the two leaders agreed that the UKVKTA, which took place on December 31, 2020 and being temporarily applied from January 1, 2021, will be a new driving force to take off the good relations on trade and investment in Vietnam and the UK.
Despite extremely negative impacts from the Covid-19 pandemic in 2020, the trade exchange between the two sides still reached US$5.6 billion, in which Vietnam gained export value of $4.95 billion and import value of $687 million from and to the UK.
The UK continues to be the third largest export market of Vietnam in the European region.
From the first days of January 2021, the Vietnam’s shipment of 60 tons of fragrant rice exported to the UK has enjoyed tariff preferences under the agreement, opening up new opportunities for the two countries’ business community.
The two sides agreed to give priority to the organization of the 12th Joint Economics and Trade Committee in the UK (JETCO 12) meeting this year when the Covid-19 pandemic is under control. Before the meeting, the two sides will hold online meetings, seminars and dialogues to discuss solutions to removing problems in every specific fields.
Mr. Gareth Ward said the UK wanted to coordinate with the Ministry of Industry and Trade to organize online dialogues in the field of energy development, including a dialogue on renewable energy that will focus on solutions to strengthen the investors’ confidence and another on energy transition in Vietnam in the framework of the 26th United Nations Climate Change Conference (COP26), which will be held in the UK on November 1-12 this year.
Deputy Minister An highly appreciated the UK’s commitment to host the COP26 in Glasgow, Scotland. He emphasized that the renewable energy development plan is an important content in the Vietnam Politburo’s Resolution No.55-NQ/TW dated February 11, 2020 on the orientation of the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045.
“The Vietnam’s goal is to ensure an adequate energy supply for socio-economic development, in parallel with the task of gradually increasing the proportion of clean energy use,” Mr. An said.
In 2020, a number of Vietnam’s commodities exported to the UK have a good growth, including seafood, vegetables, rubber products, and iron and steel products. Meanwhile, the country’s import products from the UK, comprising animal feed and raw materials, materials of textile, garment and footwear, mobile phones and components, and chemical products, were seen increased sharply.
The Hanoitimes – The trade deal will open a new chapter in the Vietnam – UK relations, UK International Trade Secretary Liz Truss has said.
Once coming into force, the UK – Vietnam Free Trade Agreement (UKVFTA) would serve as a major boost for a number of Vietnam’s export staples, including seafood, rice, garment, vegetables, among others, suggested the Ministry of Industry and Trade (MoIT) in a report.
|Prime Minister Nguyen Xuan Phuc and UK International Trade Secretary Liz Truss in a meeting yesterday. Photo: Quang Hieu.|
In 2019, Vietnam exported seafood worth US$298.2 million to the UK, or 6.7% of the latter’s total fishery imports. With the UKVFTA in place import tariffs for fresh or frozen shrimp would immediately go down to 0%.
A zero-tariff rate is set to continue boosting Vietnam’s exports of shrimp and catfish to the UK market, which also makes the sector more attractive in the eyes of investors looking to take advantage of the trade deal.
A study from the Ministry of Planning and Investment (MPI) predicted export turnover of Vietnam’s garment products to the EU market would expand by 67% by 2025 with the EU – Vietnam Free Trade Agreement (EVFTA). A similar effect is expected from the UKVFTA, stated the MoIT.
At present, Vietnam’s textile exports to the UK only accounts for 2.77% of total import turnover of the latter for garment products, indicating huge potential for Vietnamese textile companies to further penetrate the market.
The MoIT also views the UK as a potential rice buyer for Vietnam. In 2019, the country’s rice exports to the UK surged by 376% against that of in the previous year. Needless to say, the UKVFTA is set to put Vietnam in a favorable position compared to other rice exporters that do not possess a similar deal with the UK, including Thailand, China or India.
Vietnam remained 6 th largest exporter of wooden products to the UK in 2019 with turnover of US$432.8 million, accounting for 3.6% of the market share. The UKVFTA would remove import tariffs for certain products in five-year period.
Given its huge demand for vegetable and fruits, the UK is committed to removing import tariffs for 94% of fruits and vegetable imported from Vietnam, including the latter’s key export staples of lychees, dragon fruits, watermelon, among others.
Amid the Covid-19 pandemic, there has been a strong growth in demand for electronic products and medical protective gear from the UK market, the UKVFTA, thus, would continue to boost exports of these items from Vietnam to the UK.
Besides a boost in trade turnover, Vietnam’s commitments in the UKVFTA would help the country further improve its business/investment environment towards greater transparency and fairness.
In return, UK enterprises and products would have an open access to a market with 100 million people.
In a ceremony marking the conclusion of the negotiation process for the UKVFTA yesterday, UK International Trade Secretary Liz Truss expected the deal to be a major step for her country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a move that is supported by the Vietnamese government.
The Trade Secretary, in a previous meeting with Prime Minister Nguyen Xuan Phuc on the same day, said the UKVFTA would open a new chapter in Vietnam – UK relations, expecting the two governments to accelerate the ratification process for the soon implementation of the deal.