Developers

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry

He said that 35 years since Doi Moi, the economic renovation policy adopted in 1986 to see Vietnam opened its economy to the world, Vietnam has made great achievements of historical significance and developed more strongly and comprehensively compared to the years before that. … [Read more...] about Vietnam targets to become a developed country by mid-21st century: Party chief

Hanoi (VNA) – Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA). During the interview, Wiesen said Vietnam was commended for the significant preparations of all the background documents for the 13th National Party Congress, particularly socio-economic development strategy and the socio-economic development plan. The official noted these critical documents will determine Vietnam’s cause of development for the next five- and ten-year periods. Wiesen affirmed the UNDP has been delighted to partner with the Ministry of Planning and Investment and other partners to contribute to the development of the socio-economic strategy and plan, saying it is looking forward to joining the Vietnamese Government in implementing them. The UNDP … [Read more...] about UNDP vows to accompany Vietnam in development process

'Previously we focused on colorectal cancers. We proved in the lab that our laser system can remove cancer cells in a way that restricts damage to the surrounding, healthy cells — within the width of a human hair [as depicted],' said Professor Shephard … [Read more...] about Scientists developing new laser system that can zap cancer cells within the width of a human hair without damaging healthy surrounding tissue

GHAZIABAD: Three supervisors of the Ghaziabad Development Authority (GDA) have been suspended for allegedly conniving with builders for illegal constructions, officials said on Monday. Besides, recommendations have been sent to the state government to suspend two junior engineers, they said. Executive engineer Manavendra singh, junior engineers Luv Kesh Kumar and Shiv Om Tyagi have been sacked from the enforcement department and attached with the GDA office, GDA vice chairman Krishna Karunesh told . An inquiry was initiated based on inputs that illegal construction was underway. Investigation revealed that the illegal construction was going on with the connivance of junior engineer Shivam Tyagi and supervisor Anil Tyagi. Supervisor Tyagi has been suspended while a recommendation has been sent to the government to take similar action against junior engineer Tyagi. Seven flats were constructed without approval of map in Nehru nagar colony under enforcement zone-4. Three … [Read more...] about Three Ghaziabad development body supervisors suspended over illegal constructions

LUCKNOW: The state cabinet on Monday gave its nod to reducing development charges in less developed areas around the cities in Uttar Pradesh.The cabinet modified the development charges clause of the UP urban planning Act of 1973 to decide the developmental charges in the areas coming under the jurisdiction of development authorities. The cabinet also authorised CM Yogi Adityanath, who also holds the charge of housing and urban planning, to take a decision vis-a-vis development charges of different categories of areas coming under the jurisdiction of development authorities. Housing officials said that the development authorities were facing problems in recovering development charges from the projects in the less developed areas having people with low paying capacity. This was because the charges were in accordance with the 2014 rules in which the less developed areas were equated with the main cities which were more developed.At the same time, development charges have been raised for … [Read more...] about Uttar Pradesh to levy category-wise development charges