WORLD BANK PROMISES $200 BN IN 2021-25 CLIMATE CASH
The World Bank on Monday unveiled US$200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding. The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an important signal to the wider global community to do the same."
FEES OF SEAPORT SERVICES TO RISE NEXT YEAR
The Ministry of Transport has released the new fees for seaport services to be applied at local seaports, with many fees edging up by between 10% and 50%. The new fees will come into effect on January 1, 2019, Sai Gon Giai Phong newspaper reported.
ONE-TIME SOCIAL INSURANCE CASES APPLIED TO FOREIGN WORKERS
According to Government Decree 143/2018/ND-CP issued on October 15, 2018 and put into force on December 1, 2018, providing details on enforcement of compulsory social insurance for foreign workers working in Vietnam under the Law on Social Insurance and the Law on Occupational Safety and Health. There are four cases that foreign workers are entitled to receive one-time social insurance.
TIME TO DIGITISE LAND MANAGEMENT
The Ministry of Natural Resources and Environment (MONRE) has been working on a strategy for the development of land management for the 2020-30 period. It is hoped it will meet the demand of e-government project as well as enhance the land use efficiency, said Mai Van Phan, deputy head of the MONRE’s General Department of Land Administration (GDLA).
VTG 2018- THE MOST PROFESSIONAL AND B2B PLATFORM FOR TEXTILE & GARMENT INDUSTRY
The 18th edition of Vietnam International Textile & Garment Industry Exhibition (VTG) concurrent with Vietnam International Textile & Apparel Accessories Exhibition (VitaTex) will run on November 21-24 at Saigon Exhibition & Convention Center (SECC) again.
REFERENCE EXCHANGE RATE TURNS AROUND TO DROP ON NOVEMBER 14
The daily reference exchange rate was adjusted down 2 VND to 22,725 VND per USD on November 14 after two consecutive days rising since November 12.
POSITIVE SIGNS FROM VIETNAM’S BANKS AS CREDIT RANKING RISES
The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts made by commercial banks.
BÀ RỊA-VŨNG TÀU TO DEVELOP LOGISTICS SECTOR
The southern province of Bà Rịa-Vũng Tàu has set a goal to develop logistics into a major service sector with a focus on seaport development. The Vũng Tàu Shipbuilding and Oil Services Joint-Stock Company will invest in the new logistics centre and container port.
