Hanoi (VNA) - The Thai Government will earmark a combined 24.4 billion baht (814 million USD) for spending on research and development (R&D) in the fiscal year 2022, up from 19.9 billion baht in fiscal 2021. According to Kitipong Promwong, director of the Office of National Higher Education Science Research and Innovation Policy Council (NXPO), the proposed budget received the green light from the cabinet last week Kitipong said the spending would also focus largely on creating innovation for commercial purposes, strengthening competitiveness in the production and service sectors, narrowing income disparity and upgrading technology. According to Kitipong, Thailand faces many challenges in terms of social problems, poverty, income disparity and economic competitiveness, so its government sees it as imperative for R&D to help tackle such problems. The spending would also focus on developing medical equipment to help fight the COVID-19 pandemic, electric vehicle batteries … [Read more...] about Thailand to spend 814 million USD on R&D in 2022
How doe local governments get their income
VIETNAM BUSINESS NEWS JANUARY 25
In the coming time, along with taking advantage of the EU-Vietnam Free Trade Agreement (EVFTA) which took effect from August 2020 and other signed agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the UK-Vietnam Free Trade Agreement (UKVFTA), the granting of cultivation area codes and packaging facilities codes will be promoted with greater value, such that Vietnamese agricultural products can openly enter large markets with preferential tax rates. This is also a new opportunity for Vietnam’s agriculture sector to strengthen the fulfilment of standards for many commodities, accelerate exports right from the first months of 2021 to realise the target of exporting agricultural, forestry and fishery products for the whole year reached US$ 42 billion. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25
Total of 205 traders allowed to export rice
Trade experts said the country was switching to exporting more fragrant and high-quality rice at a higher price and added value. Furthermore, local rice farmers and traders had paid much attention to improving the quality of rice, origin traceability as well as adopted measures to meet the requirements of demanding markets like the EU, South Korea and the US. — VNS … [Read more...] about Total of 205 traders allowed to export rice
M&A in real estate remains robust
Khanh Nguyen, senior director, JLL Vietnam We have been closely following the rise and fall of the market and believe that the market is very promising right now. Even as BWI Industrial set up a base in Vietnam, we also saw many investors like LOGOS, JLP, and SLP come along. We reckon industrial property is one of the most positive segments, followed by residential housing. … [Read more...] about M&A in real estate remains robust
HCMC gets candidate for 2020-2025 Party head honcho
It had achieved average economic growth of more than 7 percent annually in the past five years and contributed 26-27 percent of the country’s growth each year, he said, noting that the city’s labor productivity is 2.6 times higher than the national average. … [Read more...] about HCMC gets candidate for 2020-2025 Party head honcho