Central Highlands seek industry promotion initiatives

15:25 | 02/09/2016 Industry Follow Ven.vn on

(VEN) - The outdated legal framework and inconsistent mechanisms are main challenges for industry promotion in the Central.

Fine-art wood-working at the Tan My Phong Co., Ltd in Quang Ngai Province’s Quang Ngai City

Numerous difficulties

The Ninh Thuan Department of Industry and Trade mentioned tight budget and low-tech production as the two major obstacles to improve industry promotion. Annually, this province records VND1.9 trillion in revenue, only VND 300-350 million of which is used for industry promotion activities.

National industry promotion funding is another source for Ninh Thuan to seek for help, but very limited. Approved national industry promotion projects are often lower than the proposals.

Inconsistency of industry promotion centers in the region is another challenge for industry promotion activities, said Deputy Director of Thua Thien Hue Department of Industry and Trade Nguyen Thanh.

Eight of the 15 provinces and cities in the regionthe region have failed to implement Joint-Circular 22/2015/TTLT-BCT-BNV guiding functions, tasks, rights and structure of industry and trade pisions at the provincial and district level. The old industry and trade promotion center models and the shortage of dedicated staff are examples of this.

In addition, industry promotion project assessment and approval may take up to six months, which is time-consuming and affects project implementation.

In short, outdated legal documents and limited budget remain the key challenge for industry promotion in the region.

Solutions in need

Director of the Lam Dong Industry Promotion Center Cao Xuan Khan suggested that to overcome these difficulties, it is necessary to adjust funding levels in accordance with Joint-Circular 26/2014/TTLT-BTC-BCT. Particularly, increasing the funding for outstanding regional industrial product from less than VND100 million to VND200 million, and outstanding national industrial product from less than VND200 million to VND300 million. Industry promotion management expenses would be increased from 1.5 to 2.5 percent of the annual industry promotion funding.

Joint-Circular 22 should be reviewed, amended and put into implementation across the country to improve industry promotion activities, said Nguyen Thanh.

According to Head of the Agency for Regional Industry Development’s Industry Promotion Division Doan Manh Truong, the pision is urging localities to provide feedback on legal industry promotion documents to submit to the Ministry of Industry and Trade for consideration. Suspended national industry promotion projects will be reviewed for feasibility. “The Agency for Regional Industry Development is striving to fulfill the annual industry promotion plan,” he said.

Viet Nga

ven.vn

See more news

High cost of construction materials puts pressure on Việt Nam's construction industry

10:13 | 15/03/2023 Industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.

Thai Nguyen eases industrial cluster problems

15:00 | 10/03/2023 Industry promotion

(VEN) - Overlapping regulations and policies are among the challenges facing the northern province of Thai Nguyen in managing and developing industrial clusters (ICs).

Dak Lak seeks improved industrial policies

08:00 | 10/03/2023 Industry promotion

(VEN) - The Department of Industry and Trade of the Central Highlands province of Dak Lak has proposed amending and supplementing industrial cluster (IC) management and development regulations.

Vietnam eyes green hydrogen development

09:33 | 09/03/2023 Energy

(VEN) - On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.

Coffee industry needs sustainable development to target $6b in exports by 2030

07:00 | 08/03/2023 Industry

Việt Nam's coffee industry needs to solve many challenges to achieve sustainable development, targeting an export value of US$6 billion in 2030.

Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

15:09 | 07/03/2023 Energy

The “Diagnostic study on Net-Zero for the energy sector in Vietnam” will analyse emission reduction measures to achieve net-zero emissions.

Rise of February industrial production index

07:00 | 05/03/2023 Industry

(VEN) - According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.

Cashew industry moves to boost green production, consumption

08:00 | 03/03/2023 Industry

Although the cashew nut processing and exporting industry was warned of many difficulties in 2023, Vietnamese exporters still have many opportunities to boost exports if both businesses and farmers turn to green production, insiders have said.

Unclogging textile-garment sector supply chain

06:00 | 01/03/2023 Support industries

(VEN) - The government’s backing, especially investment capital and legislation on raw material production, is important and necessary to develop textile and garment support industries.

Ba Ria-Vung Tau boosts industrial development

10:00 | 25/02/2023 Industry

(VEN) - A network of industry promotion collaborators has been operating in the southeastern province of Ba Ria-Vung Tau for more than a year, energizing local industry promotion development.

Latest Most Read

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.

Vietnam adopts high integration standards

06:00 | 25/03/2023 Companies

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.

Vietnamese culture and silk are topics of event dedicated to women

06:00 | 25/03/2023 Lifestyle

More than 100 female diplomats, representatives of international organisations in Hà Nội, and spouses of foreign ambassadors in Việt Nam gathered at the event.

Vietnam, Thailand beef up sci-tech, educational collaboration

06:00 | 25/03/2023 Science - Technology

Thailand will further promote sci-tech and education cooperation with Vietnam, including a plan to teach Vietnamese at some local universities, affirmed Minister of Higher Education, Science, Research and Innovation (MHESI) Anek Laothamatas in a working session with Vietnamese Ambassador Phan Chi Thanh in Bangkok on March 20.

Xoan singing in Phu Tho Province

06:00 | 12/03/2023 Lifestyle

(VEN) - Xoan singing is an ancient art performed during the first two months of the lunar year and designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a valuable intangible cultural heritage of the northern Vietnamese province of Phu Tho. It is based on the Vietnamese practice of ancestor worship and dates back to the period of the 18 Hung kings who ruled northern Vietnam from 2879-258 BCE. However, some music researchers believe that Xoan singing emerged much later, during the Later Le Dynasty (1428-1789 AD), as the lyrics bear literary forms and styles of the period.

Son La Dam’s powerful tourism potential

06:00 | 11/03/2023 Tourism

(VEN) - The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.

Ministry betters business environment

13:00 | 11/03/2023 Economy

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.

Hanoi economy presents mixed picture

13:00 | 12/03/2023 Metropolis

(VEN) - Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Efforts urged to find best technology for Vietnam

06:00 | 12/03/2023 Science - Technology

Minister of Planning and Investment Nguyen Chi Dung has called on the Vietnam-Germany Innovation Network (VGI) to further support the National Innovation Centre of Vietnam in developing strategies as well as finding the best and most suitable technologies for Vietnam.

Multimedia

Video Longform Infographic Photo

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

Vietnam-Italy trade partnership

13:00 | 23/03/2023 Infographic

Two-way trade turnover between Vietnam and Italy has doubled since 2010. Vietnam is Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth largest trading partner in the EU.

Renowned Vietnamese artists collaborate on unique porcelain artworks

06:00 | 23/03/2023 Lifestyle

Titled "Hoa Trên Hoa Kết Tinh" (Flowers on Crystallised Flowers), the exhibition will showcase 13 crystallised porcelain items created by Lê Ngọc Thạch, a famed artisan from Bát Tràng, and painted by the internationally-acclaimed overseas Vietnamese artist Hồng Đức Thanh.

Vietnamese culture and silk are topics of event dedicated to women

06:00 | 25/03/2023 Lifestyle

More than 100 female diplomats, representatives of international organisations in Hà Nội, and spouses of foreign ambassadors in Việt Nam gathered at the event.

The first Vietnamese bread festival

06:00 | 25/03/2023 Entertainment

(VEN) - The first Vietnamese bread or “banh mi” festival will take place in Ho Chi Minh City from March 30 to April 2.

Policy

New legal documents in first half of March 2023

06:00 | 23/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Industry & Trade

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

Ocean dialogue dicusses offshore renewable energy potential

09:53 | 24/03/2023 Energy

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Investment

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

19:54 | 23/03/2023 Vietnam and other regions

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.

Vietnam attracts Czech investors

06:00 | 23/03/2023 FDI

(VEN) - A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Finance-Banking

Vietnam to develop policies to adapt to global minimum tax

07:05 | 23/03/2023 Finance-Banking

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.

Environment

New river trash capture tool launched in Nam Dinh Province

15:00 | 23/03/2023 Environment

On March 23, the Center for Marinelife Conservation and Community Development (MCD) cooperated with the Department of Natural Resources and Environment (DONRE) of Nam Dinh Province, the People's Committee of Nam Thang Commune, and other local partners to organize the event “Launching river trash capture tool” at Village 4 in Xuan Thanh Commune of Nam Dinh Province’s Xuan Truong District.

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.

COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

09:46 | 22/03/2023 Environment

Dr. Sultan Al Jaber, COP28 President-Designate, will visit Copenhagen to co-chair the Copenhagen Climate Ministerial with His Excellency Sameh Shoukry, Minister of Foreign Affairs, COP27 President and Foreign Minister of the Arab Republic of Egypt.

Practical effective activities urged to mark World Water Day

10:03 | 20/03/2023 Environment

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).

Science - Technology

Vietnam, Thailand beef up sci-tech, educational collaboration

06:00 | 25/03/2023 Science - Technology

Science, technology, innovation promoted to support national development

06:00 | 22/03/2023 Science - Technology

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Society

Agriculture sector to use AI to maximise production

10:42 | 24/03/2023 Society

Despite being a relatively new concept in the country, the adoption of AI in Việt Nam's agriculture industry has gained significant interest from both the government and manufacturing firms due to its numerous advantages over traditional agricultural methods.

Việt Nam strives to eliminate malaria once and for all

09:16 | 23/03/2023 Society

The Ministry of Health has announced plans to review, amend, and supplement professional guidelines to ensure nationwide implementation and assess the National Strategy for Malaria Prevention, Control, and Elimination by 2020 with a view towards 2030.

Transport infrastructure fund needed to enhance Southeast regional linkages

Central Highlands seek industry promotion initiatives

See also

See more news

Multimedia