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Hanoi (VNA) – The Vietnamese sub-committee, as the Vice President of the Parliamentary Assembly of the Francophone (APF) for the 2019-2021 tenure, attended the APF executive board's annual meeting, which convened virtually on January 25. About 40 delegates, including three from Vietnam, joined the meeting, during which they heard a report by the APF Secretary General on the APF’s operation and response to COVID-19 and discussed orientations and action programmes for 2021 as well as multilateral inter-parliament cooperation projects. The board agreed to continue implementing the APF strategic framework for 2019-2022, focusing on four priority issues under the action program of the International Organisation of La Francophonie (OIF). The issues cover the fight against terrorism and extreme violence; inclusive development and growth; development of public policies on French language education and teaching in the multilingual Francophone community; and implementation of the … [Read more...] about Vietnam attends APF executive board’s annual meeting

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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

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International Trade Association. … [Read more...] about Viet Nam hands over EABC Chairmanship to RoK

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