HCMC collects new land fee Quang Chung HCMC – HCMC has started collecting protection and development fees for rice farming land from organizations and individuals who want to use such land for non-agricultural purposes in the city. The fee is stipulated in a decision issued by the city government and specified in the Government’s Decree 35-2015 on management and use of land for rice farming. The fee will be collected in addition to other fees that individuals and organizations must pay in accordance with the prevailing regulations when they apply for changing purposes of land use. The fee applies to agencies, organizations, households and individuals who have been allocated land and have leased land since July 1 last year when Decree 35 took effect. When paddy land is used to develop residential, business, service, and financial projects, restaurants, hotels, offices for lease, the protection and development fee will be equivalent to 80% of the approved price of paddy … [Read more...]
Gov’t to audit value assessment of Vinafood 2
Vinafood 2 plans to issue more shares to raise its charter capital. — Photo vietnamplus HA NOI (Biz Hub) — Deputy Prime Minister Vuong Dinh Hue has asked the State Inspectorate to audit the result of the corporate value assessment of Viet Nam Southern Food Corporation (Vinafood 2) and resolve its financial issues. The deputy prime minister instructed the inspectorate to complete the audit before December 1, 2016. Earlier, the Ministry of Agriculture and Rural Development submitted to Prime Minister Nguyen Xuan Phuc its equitisation plan for Vinafood 2. Under the plan, the corporation will sell part of the State-owned capital in the corporation and issue more shares to raise its charter capital. The corporation estimated its charter capital at VND5 trillion (US$224.2 million), equal to 500 million shares at VND10,000 per share. It will issue an additional 16.5 million shares to raise its charter capital. Under the plan, the Government will retain 65 per cent of its stake, … [Read more...]
E-tax Return to Businesses
E-tax Return to Businesses So far, over 550,000 among 552,000 businesses (99.6 per cent) have applied E-tax declaration and return. Over 33.4 million tax declarations among over 552,000 businesses have been submitted (95.7 per cent). Ms Le Thi Duyen Hai, Director of the Tax Declaration and Refund Department, said that E-tax declaration and return in accordance with Resolution 19/2016/NQ-CP will be implemented by 95 per cent in 2016-2017 facilitating businesses in large measures. By November 2016, E-tax return will be implemented in 5 provinces and cities (Hanoi, HCM City, Dong Nai, Hai Phong, Hai Duong) with great number of businesses and tax payers facilitating the application of E-tax return and payment. The pilot project will pave the way for nation-wide implementation. In December 2016, the process will be applied in 8 other provinces and cities and by the end of 2017, 95 per cent of the plan will be attained. According to Mr Cao Anh Tuan, Deputy Director General, General … [Read more...]
DATC to Preserve and Develop State Investment Capital
DATC to Preserve and Develop State Investment Capital The Ministry of Finance has issued Circular 134/2016/TT-BTC on financial management of the Debt and Asset Trading Corporation (DATC), which will be enforced on November 1, 2016. The Circular stipulates that DATC should maintain ownership, management and usage of procured debts and properties provided by the Circular and related laws. Each debt procured by DATC (by agreement or appointment) is regarded as a special commodity and the company should manage and pursue it. Debts and properties received from wholly State owned enterprises (SOEs) will be guided by competent authorities. DATC pursues and operates in line with laws and current Circular. The transfer of debts and properties into capital of restructured SOEs must be in conformity with related laws. For other enterprises, the transform must be based on agreements of company owners. The use of debts and properties for capital procurement must be based on investment … [Read more...]
Week celebrating ethnic groups’ heritage to open
Viet Nam News HÀ NỘI - Hundreds of representatives from various ethnic groups will participate in cultural activities organised at the Việt Nam National Village for Ethnic Culture and Tourism between November 18 and 23. The event is being held to celebrate Việt Nam Cultural Heritage Day (November 23). Eight ethnic groups of Tày (from northern province of Thái Nguyên), Thái (central province of Nghệ An), Mường (northern province of Hòa Bình) and Dao (Hà Nội), as well as Khơ Mú (northern province of Điện Biên), Ba Na (central highland province of Gia Lai), Ê Đê (central province of Đắk Lắc) and Khmer (southern province of Sóc Trăng) will display their handicrafts, folk music, games, festivals and customs. Students from art, cultural institutions and theatres throughout the country will also take part in performances at the event. A photo contest for photographers throughout the country featuring activities at the village over the past few years will also be held. The organisers … [Read more...]
Banks commit to lend US$6.7b to HN enterprises
Viet Nam News HÀ NỘI - Commercial banks in the central city yesterday committed to set aside VNĐ150 trillion (US$6.7 billion) as a credit support package. The purpose is to help enterprises increase production to meet people's rising demand and stabilise the market with the Lunar New Year approaching. The information was released by Hoàng Việt Trung, deputy director of the State Bank of Việt Nam's (SBV) Hà Nội branch, during a conference to strengthen the link between banks and businesses co-organised by SBV and the Hà Nội People's Committee. The funds would be disbursed from now until the mid of 2017, with preferential interest rates offered at 1.5-2 percentage points lower than the common rates, Trung said. Vice chairman of the committee, Nguyễn Doãn Toản, said the package would be used to help more than 200,000 local enterprises tackle difficulties while seeking loans for business and production. It would also encourage them to participate in the market stabilisation … [Read more...]
Highlights of the week (from September 19th to September 25th)
(CPV) - Vietnam’s progress in ensuring people’s freedom of belief and religion; Decrees issued to realize seven Agreements; NAM members stress importance of peaceful East Sea issue settlement; Opportunities for overseas Vietnamese youth to visit Truong Sa archipelago; Asian Beach Games opens in Da Nang were highlight news of the week from September 19th to September 25th 2016. Vietnam’s progress in ensuring people’s freedom of belief and religion The draft Law on Religion and Belief is being discussed at the ongoing National Assembly Standing Committee’s third session which will run until September 22nd.Decrees issued to realize seven Agreements The Government has issued seven Decrees on Vietnam’s special preferential import tariffs to realize seven Agreements.NAM members stress importance of peaceful East Sea issue settlement Members of the Non-Aligned Movement (NAM) called for the settlement of all sovereign and territorial disputes in the East … [Read more...]
Ha Giang to build Hmong ethnic culture and tourism village
The People’s Committee of the northern mountainous province of Ha Giang has approved the “Culture-Tourism Village of the Hmong Ethnic Group” project in Pa Vi Ha hamlet, Pa Vi commune, Meo Vac district in an effort to preserve and promote the traditional cultural values of the ethnic group and attract more tourists. Covering a 4.6ha area at the foot of Ma Pi Leng Pass on a highway connecting Dong Van and Meo Vac districts, the village will be operated under a community-based tourism service cooperative model with the engagement of 30 local households. It will be built in the shape of three peach blossoms; each is made up of 10 clay houses in the Hmong ethnic group’s style. The project has received warm response from local authorities and residents. Artisan Ly Mi Na, 63, said he is happy when the Hmong people have such a village and even happier if he can live and engage in tourism services there. He expressed his hope that the village, once operational, will … [Read more...]
President Obama presents Medal of Honour to 24 artists
President Barack Obama has presented the 2015 National Arts and Humanities Medals to 24 artists. The National Medal of Arts is an award and title created by the US Congress in 1984, for the purpose of honouring artists and patrons of the arts. A prestigious American honour, it is the highest honour specifically given for achievement in the arts conferred to an individual artist on behalf of the people. Honourees are selected by the National Endowment for the Arts (NEA), and ceremoniously presented the award by the President of the United States. The National Humanities Medal, which has been around since 1997, honours work that has "deepened the nation's understanding of the humanities and broadened our citizens' engagement with history, literature, languages, philosophy, and other humanities subjects." At the ceremony, President Barack Obama presented Mel Brooks the National Medal of Arts for his lifetime of making the world laugh. As a writer, director, actor and musician, he … [Read more...]
Vietnam participates in ASEAN Family Day in France
The Vietnamese Embassy and representative agencies of Vietnam in France on September 24th participated in activities for the "ASEAN Family Day" in Paris, France. This is an activity of ASEAN countries in France. It is a festival of staff of representative agencies of ASEAN countries. It is not only a political and cultural activity, ASEAN Family Day in France also contributes to strengthening solidarity and friendship among ASEAN countries. “ASEAN Family Day is an annual traditional day of ASEAN countries. This is a significant activity, contributing to strengthening solidarity and friendship as well as understanding among ASEAN countries in Paris,” said Vietnamese Ambassador to France Nguyen Ngoc Son. Besides bowling competitions, the participants can also enjoy games such as billiards, foosball, lottery and art performance. On this occasion, the ASEAN Embassies in France introduced their special dishes. This was also an opportunity for families of ASEAN member … [Read more...]