Industrial park occupancy rate reaches 73%

The National Assembly’s Standing Committee (NASC) on Thursday rubbished a proposal to abandon a criminal records form, stressing its irreplaceable role in criminal investigations. Minister of Justice Le Thanh Long at the meeting of the National Assembly’s Standing Committee (NASC) on Thursday. The proposal, which suggested eliminating criminal record form No 2, was a part of amendments to the Law on Judicial Records and was the topic of discussion during the second meeting day of the NASC. The law came into effect in July 2010, and parts of it are unsuitable with developments in society and other legal documents like the Constitution 2013, the Penal Code and the Penal Procedure Code both issued in 2015, said Minister of Justice Le Thanh Long at the meeting. He said the ministry planned to amend 15 articles, supplement three more and discard seven articles and one clause. The current judicial records law regulates the issuance of two types of criminal records forms. Both the forms are granted at the municipal Department of Justice or the National Centre for Criminal Records. Form No 2 includes even deleted criminal convictions and is provided only to judicial units to assist investigations and prosecutions, or to a person requesting their own criminal record. The Ministry of Justice, which drafted the proposal, argued that granting form No 2 to individuals wasted time and money. It also contradicted the right to privacy as stated in the Constitution 2013 and diminished the chances of rehabilitation of those with deleted convictions,…... [read more]

Speaking at the 2017 M&A Forum organised in HCM City on August 10 by the Vietnam Investment Review, Minister of Planning and Investment Nguyen Chi Dung said the Special Administrative Economic Zone Law is expected to create a proper legal framework for the three zones in Van Don (Quang Ninh Province), Van Phong (Khanh Hoa Province) and Phu Quoc (Kien Giang). It aims to create a new development model with breakthrough policies and mechanisms meant to improve the investment environment and make Vietnam competitive in attracting investment. The zones will only have an administrative committee and no people’s council, and the people’s council’s role related to legislation and inspection would be taken over by provincial authorities, he said. “To effectively operate these special zones, we should remove unnecessary and inappropriate levels of special economic zones,” the minister said. The ministry has also proposed increasing the maximum land lease tenure to 99 years from the current 50-75, and allowing the zones to have casinos. Dung said the zones have been established to develop certain strategic industries based on their geographic conditions. For instance, Van Phong is the best place to develop a transit port in Vietnam and can develop logistics while Van Don has great potential in healthcare, education and biology, he said. All three would welcome industries with high value-addition, which would be identified for investment and announced soon, he said. The bill would be tabled in the…... [read more]

Prime Minister Nguyen Xuan Phuc (Photo: VNA) Hanoi (VNA) – The fulfilment of the gross domestic product (GDP) growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12. Addressing the conference between the Government’s Standing Board and ministries, sectors, economic groups and corporations, the PM noted that in order to realise the aforesaid target, the growth in the six remaining months of this year must be at a high level of 7.42 percent. He stressed that this is an important political task of all sectors, especially agriculture, industry, construction, processing and manufacturing. [National Assembly targets 6.7-percent GDP growth in 2017] According to the Ministry of Planning and Investment, the surging GDP in the second quarter raised the January-June growth rate to 5.73 percent. The service sector made the biggest contribution to the overall growth (2.59 percentage points), particularly in wholesale, retail, accommodation, catering, finance, banking, insurance, and real estate. The total volume of international tourists to Vietnam in the period was 7.42 million, a year-on-year rise of 28.8 percent. While the mining industry suffered from a sharp decline, the agriculture, forestry and fishery sectors have recovered with a growth rate of 2.65 percent. The average consumer price index (CPI) rose by 3.91 percent in the first seven months, below the National Assembly’s set target of 4 percent. …... [read more]

Van Don in ​Quang Ninh ​province is a special administrative-economic zone which is expected to see sea changes under a proposed new law (Photo: qtv.vn) HCM City (VNA) - The abolition of people’s councils, permitting casinos to be set up and allowing foreign investors to lease land for 99 years are among the main provisions of a proposed new law to govern the three special administrative-economic zones in Vietnam. Speaking at the 2017 M&A Forum organised in HCM City on August 10 by the Vietnam Investment Review, Minister of Planning and Investment Nguyen Chi Dung said the Special Administrative Economic Zone Law is expected to create a proper legal framework for the three zones in Van Don (Quang Ninh Province), Van Phong (Khanh Hoa Province) and Phu Quoc (Kien Giang). It aims to create a new development model with breakthrough policies and mechanisms meant to improve the investment environment and make Vietnam competitive in attracting investment. The zones will only have an administrative committee and no people’s council, and the people’s council’s role related to legislation and inspection would be taken over by provincial authorities, he said. “To effectively operate these special zones, we should remove unnecessary and inappropriate levels of special economic zones,” the minister said. The ministry has also proposed increasing the maximum land lease tenure to 99 years from the current 50-75, and allowing the zones to have casinos. Dung said the zones have been established to develop certain strategic industries …... [read more]

The Prime Minister has agreed with the plan of hiring international consultants to review, study and estimate land use for aviation industry, build a project to broaden Tan Son Nhat Airport, set up an adjusted overall plan of airports and plans relating to Tan Son Nhat Airport without limitation in land use plan to improve the capacity of infrastructure exploitation and suit the development speed of air transport. The Ministry of Transport will decide to assign an agency to set up plan, a company to be the investor of the airport broadening project and select a qualified, prestigious and experienced international consulting firm as per the law. In addition, it should acquire opinions from the Ministry of Planning and Investment, the Ministry of Justice and the Ministry of Finance to use the investment and development fund of Airports Corporation of Vietnam to implement the project. According to the resolution, the Government also asks the Ministry of Transport to improve the use efficiency of seaports in Cai Mep-Thi Vai area in HCMC-Ba Ria-Vung Tau seaport complex, speed up connectivity traffic projects, develop logistics infrastructure for Saigon Seaport and quickly complete relevant procedures to submit North-South Expressway project to the Central Committee of the Communist Party of Vietnam and the National Assembly.By staff writers – Translated by Hai Mien... [read more]

The Prime Minister has agreed with the plan of hiring international consultants to review, study and estimate land use for aviation industry, build a project to broaden Tan Son Nhat Airport, set up an adjusted overall plan of airports and plans relating to Tan Son Nhat Airport without limitation in land use plan to improve the capacity of infrastructure exploitation and suit the development speed of air transport. The Ministry of Transport will decide to assign an agency to set up plan, a company to be the investor of the airport broadening project and select a qualified, prestigious and experienced international consulting firm as per the law. In addition, it should acquire opinions from the Ministry of Planning and Investment, the Ministry of Justice and the Ministry of Finance to use the investment and development fund of Airports Corporation of Vietnam to implement the project. According to the resolution, the Government also asks the Ministry of Transport to improve the use efficiency of seaports in Cai Mep-Thi Vai area in HCMC-Ba Ria-Vung Tau seaport complex, speed up connectivity traffic projects, develop logistics infrastructure for Saigon Seaport and quickly complete relevant procedures to submit North-South Expressway project to the Central Committee of the Communist Party of Vietnam and the National Assembly.By staff writers – Translated by Hai Mien... [read more]

NDO – The Prime Minister has entrusted the Dong Nai provincial People’s Committee to chair and work with the Ministry of Transport, and other relevant agencies, to design a pre-feasibility study report for the Long Thanh International Airport land clearance, compensation and resettlement project. >>> Long Thanh Airport designs displayed to gather public feedback >>> NA discusses US$16 billion Long Thanh airport project The Ministry of Planning and Investment (MPI) is assigned to coordinate with the relevant units in examining the report in line with regulations, before reporting it to the PM, so that the Government may then submit the report to the 14th National Assembly (NA) at its upcoming fourth session. Depending on their functions, tasks and jurisdictions, the relevant ministries and sectors are responsible for working in conjunction with the Dong Nai People’s Committee in order to promptly construct and finalise the contents of the project’s feasibility study report. The Government leader has assigned the MPI, in collaboration with the Ministries of Finance and Transport, to balance and prepare the investment capital for the project, with the immediate task of transferring the NA-approved VND5 trillion (US$220 million) capital source to the Dong Nai People’s Committee, for them to manage and use in accordance with the law. Concerning the selection of an advisory service for the compilation of the project’s feasibility study report, the PM agreed on the application in the form of selecting contractors in special cases, as stipulated in Article 26…... [read more]

NDO/VNA – The fulfillment of the gross domestic product (GDP) growth rate of 6.7% in 2017 requires great political determination from ministries and departments, as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12. Addressing the conference between the Government’s Standing Board and ministries, sectors, economic groups and corporations, the PM noted that in order to realise the aforementioned target, the growth rate in the six remaining months of this year must be at a level of 7.42%. He stressed that this is an important political task for all sectors, especially the agriculture, industry, construction, processing and manufacturing sectors. According to the Ministry of Planning and Investment, the surging GDP in the second quarter raised the January-June growth rate to 5.73%. The service sector made the most significant contribution to the overall growth rate (2.59 percentage points), particularly in wholesale, retail, accommodation, catering, finance, banking, insurance, and real estate. The total volume of international tourists traveling to Vietnam in the period was 7.42 million, an annual rise of 28.8%. While the mining industry suffered from a sharp decline, the agriculture, forestry and fishery sectors have recovered with a growth rate of 2.65 %. The average consumer price index (CPI) rose by 3.91 % in the first seven months, slightly below the National Assembly’s set target of 4 %. To reach the goal of 6.7 %, the GDP growth must be at a minimum level…... [read more]

The abolition of people’s councils, permitting casinos to be set up and allowing foreign investors to lease land for 99 years are among the main provisions of a proposed new law to govern the three special administrative-economic zones in Việt Nam. Vân Đồn in Quảng Ninh Province, like Vân Phong in Khánh Hoà and Phú Quốc in Kiên Giang, is a special administrative-economic zones which is expected to see sea changes under a proposed new law. - Photo qtv.vn Speaking at the 2017 M&A Forum organised on Thursday by the Việt Nam Investment Review, Minister of Planning and Investment Nguyễn Chí Dũng said in recent years many important laws have been enacted or are being drafted. The Special Administrative Economic Zone Law is expected to create a proper legal framework for the three zones in Vân Đồn (Quảng Ninh Province), Vân Phong (Khánh Hòa Province) and Phú Quốc (Kiên Giang), he said. It aims to create a new development model with breakthrough policies and mechanisms meant to improve the investment environment and make Việt Nam competitive in attracting investment. The zones will only have an administrative committee and no people’s council, and the latter’s role related to legislation and inspection would be taken over by provincial authorities, he said. “To effectively operate these special zones, we should remove unnecessary and inappropriate levels of special economic zones.” The ministry has also proposed increasing…... [read more]

President of the Vietnam Fatherland Front Central Committee Tran Thanh Man (Photo: VNA) Vientiane (VNA) – President of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man had a meeting with Chairwoman of the Lao National Assembly Pany Yathotou on August 11 as part of his working visit to Laos. Man said Laos is the first country he has chosen to visit since taking the top position at the VFF, and vowed to do his best to contribute to the special solidarity and comprehensive cooperation between the Parties, States and people of Vietnam and Laos as well as to the ties between the two countries’ front organisations. He informed the host about the outstanding development of the ties between the VFF and the Lao Front for National Construction, saying that the two fronts have regularly held exchanges and share working experiences. The two organisations will continue to work closely to successfully implement joint plans for 2017-2020. The VFF leader took the occasion to ask the Lao NA leader to help create more favourable conditions for overseas Vietnamese in Laos to acquire Lao citizenship or long-term residential status, and reduce fees and simplify procedures for them in registering marriage, labour and business, as well as in applying for alien resident status. [Vietnamese, Lao fronts discuss enhancing ties] Man also urged the two countries to enhance transport connectivity, invest in border gate infrastructure and continue to collaborate in the search for…... [read more]




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