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Import ban for innards still divides

The Ministry of Agriculture and Rural Development has proposed the Government lift its ban on importing most frozen animal organs as a move to realize commitments Viet Nam has made in international agreements.

Da Nang criticized for making losses of $160 million of land revenues

VietNamNet Bridge - According to the Government Inspectorate, the allocation of land, land auction and transfer of land use rights in Da Nang city caused losses of over VND3.4 trillion (over $160 million) for the state budget.

Government earmarks budget for education development

  VietNamNet Bridge – The government recently approved a project worth VND340 billion (USD16.3 million) on education development until 2020.  

BUSINESS IN BRIEF 19/1

Fund to help track development goals; Gov’t gets tough on State business equitisation; Cash to dominate real estate market in 2013; Largest tourist complex to open; Ministry may import eggs to meet demand for Tet

Government aims to rescue ailing property market

 VietNamNet Bridge – The Government has issued a resolution dealing with problems in the property market and bad debt.

Government budgets $115m for poor areas

 VietNamNet Bridge – The Government has decided to spend VND2.4 trillion (US$115.2 million) to support 23 poor districts nationwide to reduce poverty quickly and sustainably in the next five years.

Gov’t asked to create investor-friendly environment

Vietnam is still a promising destination for foreign investment in 2013, but the Government needs to urgently create a business environment friendly to investors if the country is to continue attracting foreign direct investment.

Market forecast to rebound in 2013

 VietNamNet Bridge – If the Government effectively implements its business rescue plan this year, the securities market will prosper, say market insiders.

Hundreds of million USD to rescue the economy

Stretch of tax, not charging the personal vehicle fees yet, significantly reducing car registration fees, pumping capital into banks and rescuing the real estate market are the solutions to save the economy, announced by the Government yesterday.

Number of casino operators should be limited

The Government should grant an exclusive license for casino operation to a big investor, or issue licenses to a limited number of foreign investors in order to successfully attract foreign direct investment into this sensitive field.

The stamp of Vietnam’s foreign policy 2012

One of the highlights of Vietnam's foreign policy in 2012 is promoting and deepening relationships with key strategic partners, upgrading relations with important partners, promoting substantive economic relations with other countries and regions.

Deputy Prime Minister criticizes two ministries

Chairing an online conference on administrative reform on December 4, Deputy Prime Minister Nguyen Xuan Phuc criticized the Ministry of Natural Resources and Environment and the Ministry of Planning and Investment.

Government promises tax breaks for businesses in 2013

VietNamNet Bridge - According to Deputy Prime Minister Vu Van Ninh, the Government will soon ask the National Assembly to reduce corporate income tax to below 25 percent.