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UK and Vietnam to develop national trade repository

The Hanoitimes - The repository is expected to facilitate free trade and open markets in Vietnam. On the sidelines of the 37th ASEAN Summit and related meetings, on November 12, Mr. Greg Hands, the UK’s Minister of State for Trade Policy, and Mr. Tran Quoc Khanh, Vietnam’s Vice Minister of Industry and Trade, held a virtual signing ceremony of the letter of intent to officially initiate the collaboration in developing a national trade repository (NTR) for Vietnam, which will be linked to the ASEAN trade repository. An online ceremony. Photo: the British embassy in Hanoi This is a UK government funded project for Vietnam as part of the Global Trade Program under the Prosperity Fund. Information transparency is one of the key elements of a fair business environment, especially in developing countries like Vietnam. Once completed, the NTR is expected to facilitate free trade and open markets by providing easier access to regulations and trade facilitation … [Read more...] about UK and Vietnam to develop national trade repository

Nationwide economic census begins on March 1

The General Statistics Office of Vietnam (GSO) launched the 2021 Economic Census across the nation on March 1. Production inside a firm in Vietnam (Photo: VNA) According to GSO Deputy Director General Nguyen Trung Tien, results of the census are part of the foundation for the compilation of targets on gross domestic product (GDP), gross regional domestic product (GRDP), and many other statistical indicators. Objectives of the census are production and business enterprises and cooperatives; production and business establishments under administrative agencies and productive agencies; branches and representative offices of foreign enterprises and foreign non-governmental organisations; religious and belief establishments; and individual non-agricultural, fishery and forestry business and production establishments. The census will collect information about production and business types; forms of operation, labour and labourers’ income, production and business … [Read more...] about Nationwide economic census begins on March 1

Number of foreign visitors to Vietnam in February falls sharply

Foreign tourists mainly were technical experts and skilled workers who are allowed to enter Vietnam to work, and truck drivers transporting goods through international border gates. In the first two months, the country welcomed 28,700 foreign visitors, a year-on-year decrease of 99.1 percent. According to the report, HCMC saw a decline of 14.1 percent, Ba Ria-Vung Tau Province and Da Nang City decreased 15.9 and 16.1 percent, Hanoi and Hai Duong slid 7.6 and 7.8 percent compared with last year. Tourism revenue fell 62.1 percent over the same period last year to VND2,500 billion (US$108.6 million). The most severe drops were seen in Hanoi at 47.7 percent, Da Nang by 67.7 percent, HCMC by 69.2 percent, Thua Thien-Hue Province by 73.3 percent and Hai Duong Province by 89.4. The tourism industry has proposed many preferential policies to support travel firms and laborers that have been severely affected by the Covid-19. However, there was not much support and many businesses … [Read more...] about Number of foreign visitors to Vietnam in February falls sharply

Da Nang city set to become special urban area

PM Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi - The central city of Da Nang is set to be part of the global supply chain network and a gateway on the East-West Economic Corridor by 2030, a meeting in Hanoi on March 1 heard. Discussing adjustments to the city’s master planning by 2030 with a vision towards 2045, the meeting was presided over by Prime Minister Nguyen Xuan Phuc. By 2030, the city is also expected to become a destination for global lifestyles, a centre of tourism and services, and a maritime economic hub in Vietnam and the region at large. In the long term, it eyes becoming a special urban area and an international city. Its population is predicted to stand at about 1.79 million by 2030 and its urban area is to cover 31,836 ha, or more than 32 percent of the local land area. The municipal People’s Committee signed a contract with a joint venture between Sakae Corporate Advisory Ltd. and Surbana Jurong (Singapore) on the project adjusting the … [Read more...] about Da Nang city set to become special urban area

Oxfam: Health spending in poor countries must double to prevent millions of deaths

Oxfam distributing hygiene kits to people in Yemen amid the coronavirus crisis. Photo: Wael Algadi Oxfam today called for a package of nearly $160 billion in immediate debt cancellation and aid to fund a Global Public Health Plan and Emergency Response and help prevent millions of deaths as a result of the coronavirus.The five-point plan of this Global Public Health Plan and Emergency Response would enable poor countries to take action to prevent the spread of the disease and build up the capacity of health systems to care for those affected. The pandemic has caused widespread suffering in rich countries, overwhelming some of the best healthcare systems in the world. However, with the disease now spreading to many poor countries where high levels of poverty and inequality threaten to accelerate the disease, the public health challenges are even greater. Nearly three billion people across the developing world do not have access to clean water, while millions more do not have … [Read more...] about Oxfam: Health spending in poor countries must double to prevent millions of deaths

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