With the expansion of the Covid-19 pandemic, foreign embassies in Hanoi recommended expats avoid leaving Vietnam. As the Covid-19 pandemic is expanding, foreign diplomatic representations in Vietnam have updated the situation either in their websites or Facebook pages, helped their citizens carry out administrative formalities to return home and warned them not to leave the Vietnam. The Biristh embassy in Vietnam told Hanoitimes via email that the embassy highly appreciated the Vietnamese government's response to Covid-19. “The system has been quick to identify and isolate cases. The WHO has commended the response,” the embassy wrote. The embassy has advised all British citizens in Vietnam to follow and update information about Foreign and Commonwealth Office travel advice. “We are providing consular assistance to the British people affected. We advise all British nationals in Vietnam to follow our travel advice, which is kept under constant review,” the embassy wrote. … [Read more...] about Foreign embassies in Vietnam issue travel advisory on Covid-19 complications
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Tuyen Quang busy preparing for lantern festival
After a 2-year hiatus due to the COVID-19 pandemic, the Tuyen Citadel Festival will again be held in the northern mountainous province of Tuyen Quang this year. One of the highlights of the festival is a procession of giant mid-autumn lanterns. For more than a month now, Hoang Ngoc Tung, a local resident in Tan Quang ward, has set aside his daily tasks to join with other residents in making a mid-autumn lantern. The lantern is based on the legend of the first ancestors of the Vietnamese people - Lac Long Quan and Au Co. Local residents hope to educate children about love of their homeland and remembering their place of origin. Tuyen Quang province boasts about 40 festivals every year, but the Tuyen Citadel Festival is unique, with hundreds of giant mid-autumn lanterns in the procession. The lanterns are associated with history, folk tales, fairy tales, and legends, and are a unique feature of the province, 140km north of Hanoi, which has recently become a new and … [Read more...] about Tuyen Quang busy preparing for lantern festival
Hanoi helps businesses get loans
The city's authorities will continue focusing on boosting economic recovery while addressing the concerns of the business community. An agreement signing ceremony to support access to concessional loans between the Hanoi Investment Fund for Development, the city's commercial banks and the business community took place at a conference connecting stakeholders in Hanoi on 15 August. An overview of the signing ceremony. Photo: kinhtedothi.vn The municipal Department of Industry and Trade and the Investment Fund for Development also signed an agreement on cooperation and information exchange on the same day to promote the recovery of the city’s businesses in the post-pandemic period. Speaking at the conference, Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said: “The conference is expected to facilitate the connection between local banks and businesses to support those who need concessional loans.” She called on the … [Read more...] about Hanoi helps businesses get loans
Ha Noi connects commercial banks with local businesses
An overview of the conference. — VNA/VNS Photo More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference to connect local firms in Ha Noi with commercial banks and the Ha Noi Development Investment Fund (HANIF). The event, launched on August 15, was jointly held by the city's Department of Industry and Trade, the Ha Noi Branch of the State Bank of Vietnam, and the Ha Noi Association of Main Industrial Products (HAMI). Addressing the event, Tran Thi Lan Phuong, Acting Director of the Ha Noi Department of Industry and Trade, said that the conference aimed to provide a chance for banks and investment funds to introduce soft loans and support programmes to businesses, helping them overcome difficulties and develop. In order to launch infrastructure projects in industrial parks and clusters in the city, the Ha Noi Department of Industry and Trade suggested that businesses should coordinate closely with credit … [Read more...] about Ha Noi connects commercial banks with local businesses
Vietnam to tighten management, increase supervision to prevent tax loss
Nowadays online shopping becomes more popular than in-store shopping The new Law on Tax Administration which took effect in mid-2020 has added regulations on the responsibilities of relevant ministries including the Ministry of Industry and Trade, the Ministry of Information and Communications, the Ministry of Finance, and the State Bank of Vietnam in tax administration for e-commerce business activities. Plus, the Decree No. 126/2020 also details e-commerce business for individuals. Accordingly, if an organization does business with an individual, the individual does not directly declare tax, but the organization is responsible for declaring VAT on the entire revenue of business cooperation activities, regardless of the form of business cooperation results. At the same time, the organization declares and pays personal income tax on behalf of the individual. Accordingly, with this provision, local businesses which cooperate with a foreign party shall pay tax on behalf of the … [Read more...] about Vietnam to tighten management, increase supervision to prevent tax loss
Experts forecast real estate market for next year
According to economic expert Can Van Luc, there are many factors that positively affect the real estate market including the relatively good economic recovery, the acceleration of the program of socio-economic recovery and development 2022-2023, and public investment. In addition, legal issues have been and are being resolved while interest rates and basic exchange rates were stable despite strong upward pressure. In particular, the credit market is having bright spots. From now until the end of the year, there will still be a new credit wave for good property projects and by 2023 there will be a new credit room. However, challenges still remain because the economic recovery is not sustainable and the supply is not immediately abundant whereas the prices of energy and raw materials also increased. The Government and responsible agencies have been tightening management of the corporate bond market. Regarding specific developments in the market, a representative of CBRE Group … [Read more...] about Experts forecast real estate market for next year
Vietnam denies entry of nearly 300 passengers on concern over Covid-19
The denial is in line with regulations on prevention of Covid-19 which has caused 15 infections in the country. Vietnamese authorities have denied the entry of nearly 300 passengers whose time window between leaving China and entering Vietnam has been less than 14 days (the incubation period of the virus). Vietnam denies entry of passengers in some cases. Photo: Zing So far, Tan Son Nhat International Airport in Ho Chi Minh City and Noi Bai International Airport in Hanoi have refused to allow 289 passengers to enter the country following regulations on preventing Covid-19, the new name of the latest strain of coronavirus. Tan Son Nhat airport denied 286 passengers while Noi Bai refused three. Of the passengers, 218 came from Hong Kong on a flight by Cathay Pacific, the flag carrier of Hong Kong, 44 from Malaysia, 10 from Thailand, and four from Singapore. Under international law, the passengers were sent back to the departing locations on the same day. … [Read more...] about Vietnam denies entry of nearly 300 passengers on concern over Covid-19
Party officials visit UK for improved strategic partnership
In a group photo: Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh (6th from left) and Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office (4th from right) and Minister of State in the Cabinet Office Nigel Adams (5th from left). (Photo: VNA) London (VNA) – A Party delegation, headed by Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh, paid a visit to the UK from August 10 – 15, aiming to fortify the countries’ strategic partnership, particularly in economy, trade, and investment. During the trip, the delegation met many UK officials, namely Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office; Deputy Speaker of the House of Commons Nigel Evans; Minister of State in the Cabinet Office Nigel Adams; Economic Secretary to the Treasury Richard Fuller; and General Secretary of the Communist … [Read more...] about Party officials visit UK for improved strategic partnership
Quang Ninh: Ha Long pilots settlement of administrative procedures at post offices
Ha Long pilots settlement of administrative procedures at post offices. - Illustrative image (Photo: VNA) Quang Ninh (VNA) – Authorities of Ha Long city of the northern province of Ha Long on August 15 piloted the implementation of administrative procedure at post offices in the locality. Under the pilot project, post offices are to process a number of district-level administrative procedures in Ha Long. The project aims to further improve the quality of service to the people, making it easy for them in carrying out administrative procedures, helping reduce the time for travel and minimise bureaucracy and negativity among officials and civil servants. It is also expected to concretise guidelines and policies of the Party and State in digital transformation, building a digital government, economy and society; and promote the role of the public postal service in applying digitalisation in performing administrative services. In the first phase, the project will focus … [Read more...] about Quang Ninh: Ha Long pilots settlement of administrative procedures at post offices
Hanoi bolsters cooperation with Singapore in urban development
Mayor of Hanoi Tran Sy Thanh has called for Singapore to further support the capital city in drafting urban planning for the next decade. Hanoi is seeking experience from Singapore in urban governance, and smart cities, and welcomes the participation of Singaporean companies in urban development projects. Hanoi's mayor Tran Sy Thanh (r) and Singapore Ambassador to Vietnam Jaya Ratnam. Photo: The Hanoi Times Chairman of the Hanoi People’s Committee Tran Sy Thanh expressed his view during a meeting with Singapore’s Ambassador to Vietnam Jaya Ratnam on August 16. According to Thanh, Vietnam-Singapore relations in general, and Singapore-Hanoi relations in particular, have made strong progress over the years, but there is still huge untapped potential. Thanh pointed out Singapore continues to be one of the most active partners in assisting Vietnam in global integration. “To date, both sides have formed a comprehensive partnership in terms of investment, … [Read more...] about Hanoi bolsters cooperation with Singapore in urban development