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According to the General Department of Vietnam Customs, many people have taken advantage of the regulation that they have not had to fill the customs declaration in the past time to gather commodities in border gates for illegal transport into Vietnam. … [Read more...] about Customs General Department orders to increase supervision on imported goods

According to the Vietnam National Administration of Tourism, as of December last year, the pandemic had sent the number of foreign tourists to Vietnam down nearly 80% to 3.7 million. Most of them came to the country in the first quarter of 2021. In addition, the number of domestic visitors fell 34.1% to 56 million. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26

To encourage the development of specialised ships, he said the ministry had requested enterprises to build or buy ships to replace foreign-nationality vessels, because Viet Nam would only license foreign-nationality ships until the end of 2023 to operate on domestic routes. … [Read more...] about Shipping industry needs State support to develop: ministry

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry

Defense Minister Ngo Xuan Lich: In spite of the development of the COVID-19 pandemic throughout the year of 2020, the Ministry of National Defense successfully hosted 25 face-to-face and virtual defense and military events, including the ASEAN Defense Ministers’ Retreat, the 17th ASEAN Chiefs of Defense Force Meeting, the 14th ASEAN Defense Ministers’ Meeting and the 7th ASEAN Defense Ministers’ Meeting Plus, within the framework of the ASEAN Chairmanship Year 2020. Furthermore, the four most important meetings all issued joint statements. ASEAN countries and international opinions highly valued the careful preparations and leadership of Vietnam as the Chair of ASEAN in 2020.  … [Read more...] about The image of Uncle Ho’s Soldier shining in peacetime