Latest news with #VietnamNewsAgency
The Star
4 hours ago
- Politics
- The Star
Vietnam to appoint leaders for newly-merged localities
HANOI: The Vietnamese government will appoint chairpersons and vice chairpersons for newly-merged localities to implement a two-tier local administration system starting from July 1, Deputy Prime Minister Nguyen Hoa Binh (pic) said on Friday (June 20). Binh made the statement while responding to questions from National Assembly deputies during an ongoing session of the top legislature in the capital Hanoi, Vietnam News Agency reported. He said the government will also reorganise headquarters and facilities for newly established provincial and communal-level agencies. Last week, the National Assembly passed a resolution on merging provincial-level administrative units, reducing the number of provinces and centrally-run cities from 63 to 34. - Xinhua
The Star
a day ago
- Business
- The Star
Vietnam party chief calls on newly merged southeastern city to become international megacity
HANOI: Vietnam's newly merged city comprising Ho Chi Minh City, Binh Duong province and Ba Ria-Vung Tau province is expected to become an international megacity in South-East Asia, the Vietnam News Agency quoted General Secretary of the Communist Party of Vietnam Central Committee To Lam (pic) as saying on Wednesday (June 18). Speaking at a high-level working session in Ho Chi Minh City on Wednesday, Lam said the merger has brought together the country's three most dynamic economic regions with strategic strengths in finance, high-tech industry and seaport logistics, the state-owned media reported. According to Lam, the new vision for the city is to become a "Southeast Asian international megacity," which is a smart, green and innovative urban hub that excels not only in economic capacity, but also in culture, arts, sports, entertainment and modern lifestyle. Vietnamese official data from 2024 shows that the newly merged Ho Chi Minh City will cover 6,772sq km with a population exceeding 14 million, while consolidating the three top-performing provinces in the field of digital governance, administrative reform and free trade implementation. The merger of the three provinces is a part of the Vietnamese government's broader plan to reduce the number of provincial-level administrative units from 63 to 34, according to the Vietnam News Agency. - Xinhua
Hans India
3 days ago
- Climate
- Hans India
Typhoon Wutip leaves seven dead in Vietnam
Hanoi: Heavy rains and flooding triggered by Typhoon Wutip have left seven people dead and caused extensive agricultural and property damage in central Vietnam, reports said on Tuesday. Four deaths were reported in Quang Binh province and three in Quang Tri province, while one person was injured in Quang Tri, according to the Department of Dike Management and Natural Disaster Prevention. According to reports, floods have submerged more than 33,000 hectares of rice fields, along with thousands of hectares of aquaculture ponds, while eight ships have been sunk or damaged, Xinhua news agency reported. Local authorities have visited affected families and mobilised emergency forces to support recovery efforts and help residents resume normal life, the Vietnam News Agency said. Earlier on June 15, at least six people were killed and another remains missing in central Vietnam due to torrential rains and flooding triggered by Typhoon Wutip, according to the Vietnam Disaster and Dyke Management Authority. Six fatalities were reported in Quang Binh and Quang Tri provinces, while one person went missing after being swept away by floodwaters in Quang Binh. The typhoon also damaged 47 houses, either collapsing them or blowing off their roofs, and inundated more than 58,000 hectares of rice fields and other crops across the region. From January to May, natural disasters left 40 people dead or missing nationwide, according to the National Statistics Office. Earlier on June 14, Typhoon Wutip had caused severe flooding in central Vietnam, leaving three people dead. Two victims died in Trieu Phong district of Quang Tri province during flood prevention efforts, while another was drowned in Hai Lang district. In neighbouring Quang Binh province, four people were missing as search and rescue teams continue to expand operations under improving weather conditions. Wutip, the first typhoon which made landfall in China this year, developed over the South China Sea. In recent summers, China has faced a series of extreme weather events, ranging from intense heat waves and droughts to heavy rainfall and flooding. As the world's largest emitter of greenhouse gases, China also leads in renewable energy development and has committed to achieving net-zero carbon dioxide emissions by 2060. Last August, torrential rains brought by Typhoon Gaemi, which tracked from the Philippines and Taiwan before hitting eastern China, resulted in at least 30 fatalities and left many others missing.
Business Times
3 days ago
- Business
- Business Times
Vietnam parliament approves extension of VAT cut until end-2026
[HANOI] Vietnam's National Assembly, the country's lawmaking body, on Tuesday passed a resolution to extend a cut in the value-added tax rate until the end of next year, state media reported. Vietnam cut its VAT rate to 8 per cent from 10 per cent in early 2022 to support the economy after the Covid-19 pandemic, and has since extended it a number of times. The lowered rate applies to most goods and services, with exceptions for telecommunication, financial, insurance, real estate and stock trading services and metal products, Vietnam News Agency reported. The tax cut will cost 121.74 trillion dong (S$6 billion) in foregone revenue from July to the end of next year, the report cited a Finance Ministry report as saying. US President Donald Trump said earlier this year that value-added taxes in other countries carried a lot of blame for America's trade deficit. REUTERS
Reuters
4 days ago
- Business
- Reuters
Vietnam parliament approves extension of VAT cut until end-2026
HANOI, June 17 (Reuters) - Vietnam's National Assembly, the country's lawmaking body, on Tuesday passed a resolution to extend a cut in the value-added tax rate until the end of next year, state media reported. Vietnam cut its VAT rate to 8% from 10% in early 2022 to support the economy after the COVID-19 pandemic, and has since extended it a number of times. The lowered rate applies to most goods and services, with exceptions for telecommunication, financial, insurance, real estate and stock trading services and metal products, Vietnam News Agency reported. The tax cut will cost 121.74 trillion dong ($4.7 billion) in foregone revenue from July to the end of next year, the report cited a Finance Ministry report as saying. U.S. President Donald Trump said earlier this year that value-added taxes in other countries carried a lot of blame for America's trade deficit. ($1 = 26,060 dong)
