Vietnam 

Kiên Giang gets Ministry of Construction nod to delay special economic zone plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — The Ministry of Construction has green-lighted Kiên Giang Province’s proposal to suspend the master plan to develop Phú Quốc Island into a special administrative-economic zone (SEZ). In a report to the Government Office, the ministry said: “Right now is not the right time to establish a master plan to develop Phú Quốc Island into an SEZ due to lack of provisions in the current laws on planning [to set up a special economic unit].” But as a long-term development strategy, it said the province should draft…

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Singapore 

Singaporeans advised to defer non-essential travel to Hong Kong: Foreign Ministry, Singapore News

SINGAPORE – The Ministry of Foreign Affairs (MFA) has issued a travel advisory asking Singaporeans to defer all non-essential travel to Hong Kong, following several pro-democracy protests in the financial hub. In an advisory dated Friday (Aug 16), MFA said the protests that have been ongoing since June have become increasingly unpredictable and could turn violent. The recent protests had also affected Hong Kong International Airport, leading to the cancellation of flights and leaving many travellers stranded at the airport. “Singaporeans are thus advised to defer non-essential travel to Hong Kong,…

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Vietnam 

Ministry of Construction urges strengthening of anti-money laundering in realty – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — The Ministry of Construction has recently requested its department in cities and provinces urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VNĐ300 million (nearly US$13,000) and above. This is in line with the ministry’s strengthened efforts to prevent money laundering and terrorist financing. The international Financial Action Task Force (FATF) has recognised the real estate sector as a high-risk sector for money laundering due to the high value of assets, high proportion of cash transactions, price fluctuation and…

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Global 

China’s purchases of US agricultural products not linked to resumption of trade talks, ministry says

China’s purchases of agricultural products from the United States have “no direct link” to the agreement to resume face-to-face trade talks next week in Shanghai, but rather reflects commercial decisions by individual Chinese buyers, the Ministry of Commerce said on Thursday.Spokesman Gao Feng confirmed next week’s talks will take place on Tuesday and Wednesday in China’s financial hub rather than the capital city of Beijing after the White House earlier announced US trade representative Robert… Source link

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Vietnam 

Talking Shop: Ministry helps steel exporters minimise negative impacts of US decision – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Lê Triệu Dũng, Director general of the Trade Remedies Authority under the Ministry of Industry and Trade. — VNS Photo Đoàn Tùng Earlier this month the US Department of Commerce (DOC) announced a preliminary ruling on the circumvention inquiries into Vietnamese cold-rolled steel and corrosion-resistant steel exports made from raw materials imported from Taiwan and South Korea. Việt Nam News’ reporter Thu Ngân asks Lê Triệu Dũng, director general of the Trade Remedies Authority, about it. The DOC has announced a preliminary ruling on Vietnamese steel imported into the…

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Vietnam 

FDI firms to be listed soon: Ministry of Finance – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Finance is working on a policy to put FDI firms on the stock market and co-operate with other ministries to supervise the trading of the shares. — Photo tapchitaichinh.vn HÀ NỘI — The Ministry of Finance will soon release a policy to put foreign direct investment (FDI) firms on the stock market. According to the ministry’s six-month report on the equities market, there will be a framework to supervise the FDI firms when they are listed. Some FDI firms have transformed into joint-stock companies from limited-liability…

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Vietnam 

Airlines need to take the initiative in human resources, says transport ministry official – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam is considered one of the fastest-growing aviation markets. The domestic market, including Vietnam Airlines, Jetstar Pacific, Vietjet Air, Bamboo Airways and Vasco, has witnessed the newest name Vinpearl Air, a member of Vingroup. The development of the aviation industry will require human resources and infrastructure. Deputy Minister of Transport Lê Đình Thọ yesterday spoke with Vietnam News Agency about the sector. How can airlines deal with the shortage of human resources? The appearance of new airlines in recent years has increased competition in Việt Nam’s…

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Money 

China insists US must remove all trade war tariffs as part of deal, says commerce ministry spokesman

China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached.US President Donald Trump agreed to pause placing tariffs of up to 25 per cent on an additional US$300 billion of Chinese imports not yet subject to taxes after his meeting with… Source link

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Singapore 

MFA warns of phone scammer claiming to be from ministry, Singapore News

SINGAPORE – The Ministry of Foreign Affairs (MFA) issued an advisory on Tuesday (June 18), after three members of the public reported receiving suspicious calls from a person claiming to be from the ministry. The MFA said the three people who picked up the call were asked to log on to a certain website and transfer money. The phone number displayed on the receivers’ phones was identical to the number for MFA’s main line. But those who received the call were unable to recall details of the website. The MFA…

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Vietnam 

Ministry will strongly support innovation and start-ups – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Minister of Planning and Investment Nguyễn Chí Dũng talks to the Government Portal about the ministry’s commitments to supporting start-ups and innovative enterprises. Can you talk in detail about how the Ministry of Planning and Investment is supporting innovation, start-ups, the operation of the National Innovation Centre, and the start-up support fund? We’re now witnessing rapid changes regarding technologies and innovation. Việt Nam aims to reform its economy based on raising its competitiveness and productivity. There are four main pillars: human resources, funding, technology infrastructure and professional…

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