Auto insurance rate increases by state

The association said there is large room for seafood exports, but the sector has faced many difficulties caused by the COVID-19 pandemic over the last three months. The export value of shrimp is predicted to reach about 3.8 billion USD, up 3 percent year on year. Meanwhile, the export of tra fish is likely to earn 1.5 billion USD, equal to last year's turnover, and seafood exports are predicted to drop 3 percent to 3.1 billion USD. According to VASEP Vice Secretary General Nguyen Hoai Nam, seafood production and exports will recover slowly and continue to face difficulties until the end of the year due to a lack of raw materials and laborers, and an increase in costs of labor, transport, and COVID-19 prevention. The ratio of workers vaccinated against COVID-19 in provinces with a thriving fishery industry remains low, he noted, adding that the localities should give priority to increasing the vaccine coverage for workers in seafood production chains. In the coming time, it is … [Read more...] about Vietnam’s aquatic product exports projected to reach 8.4 billion USD

Issues at Nhon-Hanoi Station metro line to be discussed at upcoming meeting The Ministry of Planning and Investment has requested a meeting with the government task force to discuss solutions to improve the progress of the Nhon-Hanoi Station metro line. The proposal was made as the main contractor Hyundai E&C-Ghella, asked the investor Hanoi Metropolitan Railway Management Board (MRB) to issue a compensation of $114 million for delays in land clearance. Besides, there is a problem over differences between the terms of the FIDIC contract and Vietnamese laws. The Ministry proposed the task force to assign the Ministry of Construction to work with relevant parties to deal with this problem. The project has completed 74 per cent of construction, with the underground section only 32.2 per cent completed. The construction includes 10 bidding packages, however, eight were forced to be extended. As of October, VND15.96 trillion ($693.9 million) had been disbursed for the project, … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 6

Despite the severe Covid-19 impacts, Hanoi aims to end the year 2021 on a high note by setting the growth target at 3%. Hanoi’s economy continues its upward trend during the final months of 2021, thanks to the strong recovery in industrial production, trade, and services activities. Production at Garment 10 company. Photo: Thanh Hai In November, Hanoi’s index of industrial production (IIP) expanded by 4.8% against the previous month and 7.1% year-on-year, thanks to manufacturers speeding up production to meet growing demands from locals during the upcoming festive period. This resulted in the IIP growth of 4.6% for the 11 months. Upon breaking down, manufacturing and processing, accounting for 96.5% of total production value in Hanoi’s industry sector, expanded by 4.5%; followed by production and distribution of electricity (5.1%); sewage treatment and water collection (6.6%); and mining industry (3.5%). Given the positive growth of industrial … [Read more...] about Hanoi’s economy posts strong performance in final months of 2021

For land-related projects, foreign investors can now submit the proposal directly to the city’s task force specialized in aiding project implementation for speedy approval process. While there have been delays in the approval process of new foreign-invested projects, the Hanoi People’s Committee has decided to allow investors to submit their proposals directly to the city’s task force specialized in aiding project implementation. Illustrative photo. This mechanism is applied to land-related projects, which has been stated in a legal document recently released by the Hanoi People’s Committee to ensure efficiency in attracting foreign direct investment (FDI) into the city in the future. A boost in FDI attraction is increasingly important, given the city’s economic performance being severely affected by the Covid-19 pandemic, stated the committee, which is the executive branch of the city. According to the committee, some departments and units have not … [Read more...] about Hanoi smooths administrative process for foreign-invested projects

There should be a clear disciplinary mechanism and zero-tolerance policy for public servants committing such acts. The Hanoi People’s Committee has issued document No.4566/UBND-KT on stepping up efforts against corruption and harassment by public servants while handling administrative procedures. Hanoi aims to fight corruption and harassment in administrative agencies. Under the document, the municipal People’s Committee requested leaders of departments and units to carry out strict measures against corruption and harassment at administrative agencies. In this regards, leaders are expected to take a major responsibility in setting example and enhancing supervision works in their respective agencies. Moreover, there should be a clear disciplinary mechanism and zero-tolerance policy for public servants committing such acts. The document stated leaders at local agencies would be held accountable for any act of corruption or harassment happens under their … [Read more...] about Hanoi to step up fight against corruption and harassment in administrative agencies

The move is part of an evaluation process for the 2020 Satisfaction Index of Public Administration Services (SIPAS) held by the Ministry of Internal Affairs. Vice Chairman of the Hanoi People’s Committee Nguyen Van Suu on September 21 issued document No.4594/UBND-SNV on conducting a survey to gauge the public’s satisfaction towards state agencies. Hanoi to conduct a public satisfaction survey on local authorities' performance. The move is part of an evaluation process for the 2020 Satisfaction Index of Public Administration Services (SIPAS) held by the Ministry of Internal Affairs. The municipal People’s Committee requested all local administrative units to actively take part in the survey, while people are encouraged to realize their rights by answering all questionnaires. The selection process of a sample questionnaire is set to be completed before September 29. The Satisfaction Index of Public Administration Services (SIPAS) in 2019 was 80.09%, … [Read more...] about Hanoi authorities to conduct public satisfaction survey