FEE COLLECTION AT HAI PHONG PORTS IS LEGAL: PEOPLE’S COMMITTEE
The collection of fees for the use of infrastructure, service facilities and public utilities at all ports in northern Hai Phong City is as per the laws and regulations. The municipal People’s Committee released a document on Tuesday affirming that the collection had adequate legal foundation.
HCM CITY TO LAUNCH FIRST RIVER-BUS SERVICE
HCM City plans in June to launch the first river bus transport service connecting Bạch Đằng Wharf in District 1 with Thủ Đức District, and a second route in September from Bạch Đằng Wharf to District 8.
VIETNAM AIMS TO QUICKEN ELECTRICITY SECTOR RESTRUCTURING
Prime Minister Nguyen Xuan Phuc has approved a project on restructuring the electricity industry from 2016-2020, with a vision to 2025, to increase transparency and fair competition in the field.
VINALINES TO DEVELOP LOGISTICS CENTRE IN THE CAPITAL
Vietnam National Shipping Lines (Vinalines) plans to develop a large-scale logistics centre in the capital as part of its development strategy for 2020, thoibaotaichinhvietnam.vn reports.
NEW REGULATIONS ON LENDING ACTIVITIES OF FOREIGN CREDIT ORGANIZATIONS
The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers. Accordingly, lending activities of credit organizations for customers will be launched based on agreements between the credit organizations and customers suitable with the Circular mentioned above and related legal documents, including laws on environmental protection.
INFRASTRUCTURE BOOSTS DONG NAI PROPERTY MARKET
The property market is booming in the southern province of Dong Nai of thanks to its excellent infrastructure. The local Department of Construction said 250 property projects were developed recently, 15 by foreign investors and involving a minimum investment of US$10 million.
DA NANG INTERNATIONAL AIRPORT TO BE INAUGURATED IN LATE MARCH
By March 29, Da Nang International Airport will be completed, welcoming the first flight and then operating on a trial basis from April to September 2017. Construction of a new terminal at Da Nang International Airport is scheduled to be completed to serve foreign passengers, especially delegates to meetings held within the framework of the Asia-Pacific Economic Cooperation (APEC) Year 2017.
TARIFF CUT LEADS TO LOWER PRICES OF IMPORTED CBU AUTOS
Several auto firms have adjusted down prices of completely-built-up (CBU) autos imported from regional markets following an import tax reduction this year in line with a roadmap of the ASEAN Trade in Goods Agreement (ATIGA).
