Thai Vietjet has inaugurated its maiden flight from capital city of Bangkok (Suvarnabhumi Airport) to Nakhon Si Thammarat, an administrative center of southern Thailand and one of the most ancient cities of the country.
Hundreds of real estate projects in Ho Chi Minh City have been delayed by cumbersome administrative procedures and the authorities’ temporary halt on project approval.
The Market Surveillance Agency has just issued a decision on an administrative fine of VND250 million, equivalent to $10,766 to the maternal and baby products distributor Con Cung for eleven violations.
According to Ministry of Industry and Trade’s working group, Con Cung complied with the law of protecting the interests of consumers, goods’ quality and origin tracking but the well-known retail store chain of mother and baby products violated regulations on goods labeling, promotion and e-commerce.
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Cao Thi Ngoc Dung, Chairman of PNJ said that it has been seven months but they still have not received permission to build new headquarter, even though their current one is already overloaded.
The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.
According to Dr. Nguyen Duc Thanh, the current draft law on Special Administrative-Economic Units has failed to do the single most important thing which is to create breakthroughs in the business environment and administrative institutions.
Economist Pham Chi Lan said that providing incentives for too many fields in special economic–administrative zones would increase the tax inequality for businesses.
On May 23, the draft Law on Special Administrative and Economic Zones was discussed by the National Assembly, in which the casino business service in the Units is expected to enjoy a special consumption tax incentive of 15 percent for the first ten years if approved.
The Law on Special Administrative and Economic Units is one of the highlighted issues put high on agenda in the fifth working session of 14th National Assembly.
Without both of economic incentives and a special administrative institution, the special economic zone will hardly be able to sustain its appeal, according to experts.
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According to European Chamber of Commerce in Vietnam (EuroCham), Vietnam should conduct appropriate solutions to cut costs and administrative workload for automotive enterprises, aligning with the target of administrative reform in Vietnam as well as the objectives and principles of the EU - Vietnam Free Trade Agreement (EVFTA).
Ninh Binh provincial People's Committee has issued a decision on administrative sanction to Viettel Telecom Corporation (Viettel Telecom), a member of Viettel Group for trading in illegally-imported goods valued from VND100,000,000 (US$4,400) and above, according to the local authority.
Prime Minister Nguyen XuanPhuc has inked the Decision 56/QD-TTg on setting up a National Steering Committee for the establishment of special administrative and economic zones (SEZ).
