Chủ đề: policies

Under inland waterway infrastructure planning for the 2021-2030 period and vision to 2050, studies will be conducted on preferential mechanisms and policies to attract investment in developing a port system and building waterway infrastructure, including exemptions on water surface rentals, land rentals for 15 years, and import taxes on loading and unloading equipment.

Capital demand for implementing expressway projects to 2030 totals up to VND900 trillion ($39.41 billion), of which the State budget can meet VND600 trillion ($26.25 billion), with the remaining VND300 trillion ($13.16 billion) to be mobilized from domestic and foreign investors. In order to attract private investment, Mr. Nguyen Xuan Cuong, Deputy Director-General of the Directorate for Roads of Vietnam, said that the profit margin of build-operate-transfer (BOT) projects should be increased to over 15 per cent and the rate of State capital contribution could be increased to 70 per cent.

Minister of Industry and Trade Nguyen Hong Dien told the meeting of the National Assembly Standing Committee on petroleum management on March 16 that if tax tools are used up but still cannot control the petroleum price, social security policies will need to be applied to resolve the situation. He also suggested that ministries, sectors, and businesses complete strategic projects on petroleum reserves in the time to come.

A range of new policies are taking effect during February, such as those on VAT reductions, origin of goods, increased fees for conditional business appraisal in the seafood sector, strengthened judicial assessment in seafood, and land use levy exemptions for people with meritorious service, among others.

Industrial parks in cities and provinces around Vietnam have great demand for worker housing. Incentive mechanisms for social housing are adequate but the problem is that procedures are cumbersome and troublesome. It is therefore necessary to adopt breakthrough policies and separate processes for social housing projects.

Supporting industries require practical, strong, and consistent policies to ensure investment flows come their way.

The key North - South Expressway project has been delayed due to a lack of soil for embankments. The government has therefore issued a resolution on strengthening “specific mechanisms” for the People’s Committees of cities and provinces the project passes through.

In order for banks to continue to support businesses, especially those facing difficulties and that are sub-prime, it is necessary to have mechanisms and policies at a higher level to protect banks against potential huge bad debts in the future.

The government has agreed with a proposal from the Ministry of Finance (MoF) to supplement support measures for people and businesses affected by Covid-19.