In order to further absorb investment inflows into high-tech production, Vietnam must make some vital adjustments to existing laws and institutions, says Hong Sun, Vice Chairman of Korean Chamber of Commerce in Vietnam. (File photo: VOV) According to Nobufumi Miura, Chairman of the Japan Business Association in Vietnam, the robust growth of the Vietnamese economy has acted as a catalyst for Japanese firms to intensify their production and business activities in the Southeast Asian country. Indeed, many have mapped out new investment schemes and capital injections for the future. Despite this, a number of investors have made complaints about the difficulties they met from their operations in Vietnam. During the Vietnam Private Sector Economic Forum 2019 which took place in Hanoi this week, Miura raised his concerns regarding the low predictability of the nation’s policies and legal regulations. In fact, many businesses have been unable to react promptly to the rapid … [Read more...] about Foreign experts urge updated investment attraction strategy
Economic damages expert
Heritage and development go hand in hand: experts
Viet Nam News Minh Thu HÀ NỘI — Protecting cultural assets and creating spaces for community activity were some solutions given during the Cities of the Future and Heritage Preservation conferences, organised in the framework of Italian Design Day (IDD) 2019. This year, the Italian Embassy hosted IDD on March 20 and 21. Vietnamese and international architects, experts and businesses offered suggestions on how to preserve and promote the values of Hà Nội and cities in the world. The main event of IDD took place at the UNESCO-recognised Imperial Citadel in Hà Nội. Experts discussed how urban development and cultural heritage can be combined to build a smart city of the future, which would also generate and sustain tourism. Italian Ambassador to Việt Nam Antonio Alessandro said design is an essential component of the Italian culture and way of living. He also introduced architect Michele De Lucchi, Ambassador of Italian Design 2019. … [Read more...] about Heritage and development go hand in hand: experts
Experts propose higher fuel tax
Researchers of the Central Institute of Economic Management (CIEM) have proposed the Government levy special consumption tax rate for bio-fuel equal to half of the rate for gasoline. The recommendation was part of a CIEM survey, which was announced at the seminar on using tax policies to regulate the economy towards green growth and sustainable development held in Ha Noi yesterday. Head of the CIEM’s Social Affairs Department Nguyen Manh Hai said the hike of special consumption tax rate for bio-fuel would create a significant difference in the selling price between bio-petrol and petrol, encouraging people to use the bio-fuel to protect the environment. “It’s also needed to maintain and increase the special consumption tax on cars and fossil fuels to limit the consumption of these products in Viet Nam,” Hai said. He said that green growth and sustainable development in many countries aimed at reducing CO2 emissions, developing green technology and industries … [Read more...] about Experts propose higher fuel tax
Better tax policies needed to promote green growth: experts
Experts have recommended tax policies be improved to promote green growth in Vietnam (Photo: VNA) Hanoi (VNA) – Specialists have recommended revisions to tax policies in order to steer the economy towards green growth and sustainable development in Vietnam. They made the suggestions at a workshop held by the Central Institute for Economic Management (CIEM) in Hanoi on March 11. Nguyen Manh Hai, head of CIEM’s department for social issues, said that measures to promote green growth and sustainable development may vary from country to country. However, all national solutions aim to boost green production and consumption, reduce greenhouse gas emissions, adapt to climate change, and develop green technologies and industries that use little natural resources so as to encourage producers to invest in environmental protection, he said. In Vietnam, tax policies related to green growth include tax incentives encouraging green production and consumption, as well as tax … [Read more...] about Better tax policies needed to promote green growth: experts
Experts debate feasibility of mining Red River Delta coalfield
Experts debate the feasibility and economic and social impacts of the exploitation of the Red River Delta coal basin during a consultative workshop on December 4. (Photo: baotainguyenmoitruong.vn) Hanoi (VNA) – Geological and mining experts recently debated the feasibility and economic and social impacts of the exploitation of the Red River Delta coal basin, which has estimated reserves a hundred billion tonnes of coal. The Red River Delta coal basin has received great attention from the public and governmental agencies over recent years because of its huge reserves, President of the Vietnam Union of Science and Technology Associations (VUSTA) Prof. PhD. Dang Vu Minh told the workshop held by the VUSTA and the Vietnam Union of Geological Sciences (VUGS) in Hanoi on December 4. Prof. PhD. Tran Van Tri from the VUGS said the coalfield under the Red River Delta, particularly in the provinces of Thai Binh, Hung Yen and Nam Dinh, has enormous potential, with reserves of quality … [Read more...] about Experts debate feasibility of mining Red River Delta coalfield