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Long term disability insurance lawyer

Sweden proposes US$2-billion commercial loan for aviation projects in Vietnam

The Hanoitimes - The Ministry of Transport would review this loan and report to the government. State-owned Swedish Export Credit Corporation (SEK) proposed a US$2 billion commercial loan to build Long Thanh International Airport and terminal T3 for Tan Son Nhat International Airport. Sweden’s Ambassador to Vietnam Ann Mawe hands over an intention letter of a commercial loan for Minister of Transport Nguyen Van The. Source: MoT. Sweden’s Ambassador to Vietnam Ann Mawe revealed the intention at a meeting with Minister of Transport Nguyen Van The on December 4. Mrs. Mawe added that during the visit of Prime Minister Nguyen Xuan Phuc to Sweden in May, the two countries’ prime ministers discussed a potential loan worth over US$1 billion for Long Thanh airport construction and air traffic control activities in Vietnam. The loan would come with an interest rate of 4.2% per year, including a 1.25% of insurance fee for the loan. To be eligible for the loan, … [Read more...] about Sweden proposes US$2-billion commercial loan for aviation projects in Vietnam

VIETNAM BUSINESS NEWS FEB. 27

MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam … [Read more...] about VIETNAM BUSINESS NEWS FEB. 27

Measures to support tourism sector

Many new tourism products were launched and promotional campaigns implemented. However, the resurgence of the epidemic caused the cancellation of many tours. The sector continues to be suffering from a failed "season". After each outbreak of the epidemic was controlled, the tourism sector could not restart like many other types of production and services could. In order to attract customers, localities, travel agencies and carriers had to stimulate demand with the development of new tourism products and the implementation of promotional campaigns and discounts. These activities require major investment. Unfortunately, whenever the number of tourists increased again and the new tourism products were launched, the epidemic “came back”. The investment and efforts to implement the stimulus campaigns have been fruitless as a result. For example, after the first wave of COVID-19 was controlled successfully, domestic tourism activities were active again for about two months. In late July … [Read more...] about Measures to support tourism sector

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