Vietnam january weather

The proportion of solar and wind power projects in the entire national electricity system is expected to increase, requiring thorough preparation because of the instability of these power sources, experts have said. The draft of the eighth national power development plan shows majir changes in power source development from now to 2030 compared with the seventh plan. Under the draft, Vietnam will develop wind and solar power on a large scale, with the capacity of wind power increasing by three times and solar power by two times compared with the adjusted seventh plan. Vietnam will only continue the projects under construction or under investment promotion, to be operational in the 2021-2025 period. The coal-fired thermopower proportion will decrease gradually from 34 percent in 2020 to 27 percent by 2030. The Ministry of Investment and Trade wants to strongly develop gas-fired power with capacity increasing from 7GW in 2020 to 13.5GW by 2025 and 28-33GW by 2030 and the … [Read more...] about Vietnam to prepare for solar power boom

Crafted by the Ministry of Finance, the draft circular guides the implementation of the 2019 Law on Tax Administration and Decree No 126/2020/ND-CP dated October 19, 2020 of the Government providing further guidance on its execution. Overseas suppliers who have no permanent establishment but conduct e-commerce or digital-based business activities and derive income from individuals and organisations in Vietnam shall still be treated as permanent entities in the country. They shall be obliged to make online tax registrations and declarations on the General Department of Taxation’s official portal, and be allowed to open more than one bank account for making tax payments but have one email only to receive tax notifications. The draft circular also stipulates the obligation of banks and payment intermediary service companies to define transaction accounts of foreign suppliers who have no permanent establishment in Vietnam to withhold taxes. Source: VNA … [Read more...] about Facebook, Google, YouTube likely obliged to pay taxes in Vietnam

Singapore’s overall unemployment rate continues to fall in January. (Photo: businesstimes.com.sg) Singapore (VNA) - Singapore’s overall unemployment rate continued to fall in January thanks to economic stabilisation, according to latest figures released by the Ministry of Manpower (MOM) on March 3. The overall unemployment rate edged down to 3.2 percent, from 3.3 percent in December, while the resident unemployment rate was 4.3 percent, down 0.1 percent. The citizen unemployment rate was unchanged at 4.5 percent, having earlier decreased from 4.7 percent in November. There were 101,900 unemployed residents in January, of which 89,300 were citizens. Minister of Manpower Josephine Teo pointed to initiatives like the Jobs Support Scheme and the SGUnited Jobs and Skills Package that helped Singaporeans stay employed, together with tripartite efforts coordinated by the National Jobs Council. Since September 2020, the Jobs Growth Incentive has also helped to … [Read more...] about Singapore’s unemployment rate falls to 3.2 percent in January

According to the Happy Planet Index (HPI) as announced by UK-headquartered New Economics Foundation (NEF), the country, which is home to an array of mountains and tropical forests, has a strikingly low Ecological Footprint and economic output per head, almost 24 times smaller than that of Hong Kong (China). Indeed, it is one of just three countries to mark the top 10 of the Happy Planet Index rankings with an Ecological Footprint that is small enough to be considered environmentally sustainable. The report also notes that, “While wellbeing in Vietnam is more modest than in other countries in the top 10 HPI rankings, its average wellbeing score is still higher than Hong Kong’s – despite the Vietnamese economy being significantly smaller and Vietnam’s Ecological Footprint being less than a fifth of the size of Hong Kong’s.” “Vietnam has an impressive average life expectancy. Both Vietnam and the Gambia have similar sized economies with similar levels of GDP per capita, yet on … [Read more...] about Vietnam in fifth place in happy planet index rankings

Two flights, organized by the Ministry of Foreign Affairs, the Vietnamese Embassy in Myanmar and Vietnam Airlines, brought the Vietnamese citizens from Myanmar to central Da Nang City. A Thursday press release by the foreign ministry said repatriated citizens include those below 18 years of age, the elderly, those with underlying conditions and others in dire circumstances. Covid-19 prevention measures, including medical declarations, body temperature checks and wearing protective equipment were deployed throughout the flight to prevent coronavirus infection. After landing in Da Nang, citizens were quarantined at centralized quarantine zones run by the military in Da Nang and central Quang Nam Province, the Da Nang Center for Disease Control (CDC) said. Myanmar is experiencing a period of political instability after its army seized power and detained government leader Aung San Suu Kyi and much of her party leadership last month. Protests have broke out nationwide and at least … [Read more...] about Hundreds of Vietnamese repatriated from Myanmar amid political instability