Kuwaiti foreign minister

Defence Minister Ngo Xuan Lich attended a meeting between the US Secretary of Defence and ASEAN defence ministers on the sidelines of Shangri-La Dialogue in Singapore on May 31. Defence Minister Ngo Xuan Lich (L) and RoK counterpart Jeong Kyeong-doo Defence Minister Ngo Xuan Lich attended a meeting between the US Secretary of Defence and ASEAN defence ministers on the sidelines of Shangri-La Dialogue in Singapore on May 31.  VN Defence Minister Ngo Xuan Lich to attend 18th Shangri-La Dialogue in Singapore Defence Minister Gen. Ngo Xuan Lich and a high-ranking Vietnamese military delegation left Hanoi on May 30 for Singapore to attend the 18th Shangri-La Dialogue slated for May 31-June 2.   Vietnamese, Chinese defence ministers hold talks in Hanoi Vietnam and China have recorded progress in their defence cooperation, which deserves to be an important pillar in the countries’ all-round relations, leaders of the two defence ministries said at their talks in Hanoi … [Read more...] about Vietnamese Defence Minister active in Shangri-La Dialogue

BOI Secretary-General Duangjai Asawachintachit (R) at the meeting (Photo: thainews.prd.go.th) Bangkok (VNA) – Thailand’s Board of Investment (BOI) on September 20 adopted a set of incentive measures to attract foreign businesses’ investment in the country. Local media quoted BOI Secretary-General Duangjai Asawachintachit as saying that the new packages, named “Thailand Plus”, were approved during a BOI meeting under the chair of Prime Minister Prayut Chan-o-cha. The promotional privileges include a corporate income tax exemption for 5-8 years. Projects located outside Bangkok are entitled to a 50 percent deduction in corporate income tax for five years, on the condition that they are submitted for promotional privileges before the end of 2020, worth no less than one billion THB (32.8 million USD) in investment capital, and carried out in 2021. To develop human resources and build up the high skilled workforce, project entrepreneurs should organize … [Read more...] about Thailand approves new incentive packages to boost foreign investment

Illustrative image (Photo: VNA) - The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 percent from the current level of 30 percent, according to the Prime Minister’s decree signed last week. Decree 89/2019/ND–CP, revised from Decree 92/2016/ND–CP issued in 2016, includes regulations relating to conditional business lines in the fields of air transport and general aviation activities.Ministry of Transport, which drafted the decree, the foreign investors' new ownership cap does not only ensure the attraction of foreign investment capital into enterprises but also the interests of domestic investors. With the goal of reducing and simplifying business conditions and creating favourable conditions for investors to access the aviation market, the new decree regulates that an air transport business operating 10 aircraft or fewer will need to have a minimum capital, including ownership capital and loan, of 300 … [Read more...] about Foreign investors permitted to hold 34 percent stake at Vietnamese airlines

China’s military drills at Viet Nam’s Hoang Sa (Paracel) Islands seriously violated the Southeast Asian country’s sovereignty over the archipelago, said Foreign Ministry Spokesperson Le Thi Thu Hang. Foreign Ministry Spokesperson Le Thi Thu Hang. Hang made the statement on Wednesday in response to reporters’ queries regarding the Chinese military exercises near Viet Nam’s archipelago. Earlier on Monday, Hainan Province's Maritime Safety Administration announced its plan to hold military drills near Viet Nam’s Paracel Islands on August 6-7. Representative of the Vietnamese Foreign Ministry handed over diplomatic note to the Chinese side to protest China’s aforesaid drills, Hang said. Viet Nam has repeatedly affirmed that its has sufficient legal foundations and historical evidence proving its sovereignty over the Paracel and Spratly archipelagos, she said. Deputy Prime Minister, Foreign Minister Pham Binh Minh had expressed grave … [Read more...] about China’s military drills at Paracel Islands seriously violate Vietnam’s sovereignty

Vietnam’s average disbursement rate is much lower than that of other recipients of the Asian Development Bank’s ODA loans, largely due to cumbersome and time-consuming procedures, said Eric Sidgwick, ADB country director for Vietnam. Minister of Finance Dinh Tien Dung speaks at a teleconference in Hanoi on June 26. Red tape is one of the main reasons for slow loan disbursement – PHOTO: THOI BAO TAI CHINH Speaking at a teleconference in Hanoi on Wednesday, Sidgwick said Vietnam had a good rate of disbursement in the past. However, the rate has been on the decline since 2014, and it is currently very slow, reported the local media. Vietnam’s average disbursement rate in 2018 reached 11.2%, or half of the rate in the 2011-2014 period, at 21.7%, and half the rates of other countries, according to the director. He pointed out that even minor changes in projects such as increases in scale, six-month loan extensions, cost structure changes or the use of … [Read more...] about Red tape results in low ODA disbursement in Vietnam: ADB