At the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture , Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19 . The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. He ordered restarting heritage digitalisation with the participation of travel enterprises to promote new tourism products. Regarding electricity prices for tourism services and lodging facilities, Dam, also head of the Committee, asked the Ministry of Industry and Trade (MoIT) to submit a plan on power price adjustment to the Prime Minister before application. The MCST, travel associations and firms should propose specific tax and land incentives, he said. Minister Nguyen Van Hung … [Read more...] about Committee seeks ways to ensure rapid, sustainable tourism recovery
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Tourism sector needs to propose preferential policies on tax, cost, land rent
At the meeting, Deputy Prime Minister Vu Duc Dam required the Ministry of Industry and Trade to promptly complete and submit the reports to Prime Minister in advance of adjusting the electricity price for tourism accommodation facilities equaling electricity price for production. Besides, the Ministry of Culture, Sports and Tourism, tourism associations and enterprises were required to proactively study and propose in detail the preferential policies on taxation, cost, land rent and so on. In addition, the Ministry of Culture, Sports and Tourism was assigned to review the operation situation of tourism business units affected by the Covid-19 pandemic to impose appropriate proposals, proactively collaborate and support enterprises to form the key tourism routes linking localities. By Lam Nguyen- Translated by Huyen Huong … [Read more...] about Tourism sector needs to propose preferential policies on tax, cost, land rent
Inflation in Singapore expected to peak in Q4: official
Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official
☕ Afternoon briefing on August 17
Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 17. – Prime Minister Pham Minh Chinh reaffirmed the importance of developing high-quality human resources for agriculture, while attending an innovation event and job fair of the Vietnam National University of Agriculture (VNUA) in Hanoi on August 17. The Government leader and others visited an exhibition of scientific and technological models and products by the VNUA’s businesses and partners. Read full story – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture, Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19. The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. Read full … [Read more...] about ☕ Afternoon briefing on August 17
Vietnam keen on Israel’s experience in fields of strength
Pesident Nguyen Xuan Phuc (R) and former Prime Minister of Israel Ehud Barak (Photro: VNA) During a reception for former Prime Minister of Israel Ehud Barak in Hanoi on August 17, Phuc said as a partner with friendship and comprehensive partnership, including in national defence-security, Israel has become an important partner of Vietnam. Vietnam wishes to learn from Israel’s experience in choosing and training talents to build a strong country, he said. He suggested the two countries regularly maintain high-level visits and offer mutual support at international forums and organisations. With two-way trade of US$1.14 billion in the first half of this year, up 55 percent, the two countries need to further work on this field, he said. As Vietnam is performing the policy of building a sustainable digital society by 2025, with a vision to 2030, the country wants to learn from Israel’s experience in ensuring security and national sovereignty over cyberspace, he said. The host … [Read more...] about Vietnam keen on Israel’s experience in fields of strength
Viet Nam needs extra $368 billion to achieve net zero emissions
Workers checking a roof top solar system. — VNA/VNS Photo As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues. To detail the national green growth strategy, the Prime Minister on July 22 approved the national action plan on green growth for 2021-2030 with four important goals. The goals are to reduce greenhouse gas emissions per GDP, to green economic sectors, to green lifestyles and promote sustainable consumption, and to green the transition on the principles of equality, inclusion, and resilience. Speaking at the conference on the impact of COP26 on the energy transition towards green growth launched on Wednesday, Nguyễn Thị Bích Ngọc, deputy minister of the Ministry of Planning and Investment, said that resources are the biggest problem in realising the goals of the energy … [Read more...] about Viet Nam needs extra $368 billion to achieve net zero emissions