Experts at the Law Committee’s forum on Thursday called for an early decision on administrative management models for special administrative economic zones. National Assembly (NA)’s Deputy Chairman Uong Chu Luu said at the forum several options were discussed to decide which administrative management model should be applied to which economic zone. The first option proposed there would be no people’s councils and people’s committees but a head of the zone appointed by the Prime Minister, with a centralised power and a compact administrative management system. The second option was to continue with people’s councils and people’s committees in the special zones like other localities. Luu said another option proposed the setting up of people’s councils and committees but with a chairman who would be empowered like the head of the zone. “Whichever option is chosen, it must comply with the Constitution and ensure a compact and efficient administrative management system to drive growth,” Luu said. The draft Law on Special Administrative Economic Unit is expected to be discussed at the fifth meeting of the 14th National Assembly in May. Nguyen Si Dung, former Deputy Head of NA Office, emphasised the urgency to make a quick decision. He believed the first option was a good administrative management model as it would create conditions for a breakthrough development of the special zones. There were concerns, however, about the mechanism to prevent the abuse of power by zonal heads, he said. “Don’t expect everything to be perfect from the beginning. The mechanism and… [Read full story]
Under the proposal, a company operating at Chu Lai EZ would get corporate income tax exemption for four years, paying a tax rate of 5% for the next 10 years and 10% for the following six years.The MPI also wants a corporate income tax of 10% for another 10-year period for projects which produce finished products such as autos, machinery for ago-forestry-fisheries, or involve capital of more than VND2 trillion (US$95.2 million) and employ more than 4,000 workers.But the Ministry of Finance said these recommendations were not in line with the government’s regulations for economic zone priorities.Businesses with new projects…... [read more]
Photo: Quang Ngoc Why did Quang Ninh Province organize the conference? Quang Ninh Province actively proposed the project on developing rapid and sustainable economy, ensuring national defense and security and constructing the Van Don and Mong Cai Special Economic Zone models to the Politburo on September 8, 2012. The building and development of the Van Don and Mong Cai Special Economic Zone models aimed at developing outwardly orientated economy and piloting special administrative and economic models and some specific mechanisms and policies, contributing to creating an engine for the province’s socioeconomic development. According to Notice 108-TB/TW dated October 1, 2012,…... [read more]
The establishment of these economic zones started in June, 2003 with the setting up of Chu Lai open economic zone but it is too soon to evaluate the socio-economic efficiency of the economic development model. However, it is undeniable that the operations of economic zones such as Chu Lai, Dung Quat, Nhon Hoi and Chan May have made significant progress in attracting domestic and foreign investments.By April, 2006, as many as 280 projects registered to operate in these economic zones, with total investment capital of US$10 billion, of which 60 projects valued at US$60 million were put into operation. Chu…... [read more]
On the theme of social development and management in East Asia: its characteristics and experience, the workshop was held by the Vietnam Academy of Social Sciences. It is part of a research programme on social development management during Vietnam ’s renovation process.As for Vietnam, the participants agreed that although its economy has progressed and the people’s living standards have improved significantly over the last 20 years, there remain shortcomings in the state’s social policies management capacity.From their studies on social development policies prevalent in East Asian countries like China, Malaysia, Singapore, Thailand, Japan and the Republic of Korea, the sociologists…... [read more]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; font-size:11.0pt;"Calibri","sans-serif"; mso-fareast-"Times New Roman"; mso-bidi-"Times New Roman";} After 10 years of construction and development, the face of the first economic zone in Vietnam has gradually formed. Projects in Chu Lai Open Economic Zone have significantly contributed to the overall development of Quang Nam province, especially generated key industrial products and increased local budgetary revenue. Mr Huynh Khanh Toan, Vice Chairman of Quang Nam Province People’s Committee and Director of Chu Lai Open Economic Zone Authority, said: “Chu Lai Open Economic Zone was chosen…... [read more]
