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Thursday, September 21, 2017

7:35:00 PM CEST

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Adam Szubin testified: “The only hope we have lies in a qualitatively different and more severe level of pressure — one that threatens Kim Jong Un’s hold on power,” External link

WashingtonPost Monday, September 11, 2017 3:00:00 AM CEST

Jose Arruda questionou: "O que é que se passa? Qual é o equívoco?" External link

dn Saturday, September 9, 2017 1:46:00 AM CEST

Nguyen Xuan Phuc admitted: "Decree 210 has proved problematic. There remain many problems in the agriculture sector due to reliance on small and retail households, thus having low productivity, market access difficulties, and low added value," External link

vietnamnet-en Friday, September 8, 2017 2:13:00 PM CEST

Nguyen Dinh added: “The two key tasks will focus on agriculture restructuring towards increasing added value chains and dealing with the weaknesses of the sector, mainly processing and market access. We will also promote sci-tech applications amid the increasing global integration," he added. Under this draft decree, a firm that has a project with special investment incentives will be exempt from land-use fees, while those having a project with investment incentives will enjoy a 70 per cent reduction in land-use fees. This draft also includes financial support for agricultural businesses. Accordingly, a firm investing in an agriculture project with special investment incentives and investment incentives, and accepting land-use rights of households and individuals as capital contribution to develop a material area will get a financial support of VND50 million ($2,270) per hectare to develop infrastructure for the area. In terms of credit policies, a business investing in an agriculture and rural development project will get local support for the interest rate for their commercial loans, once the project is completed. Specifically, local support for interest rate payments will have a maximum term of eight years for agriculture projects with special investment incentives and six years for projects with investment incentives. The borrowing cap with interest rate support is not higher than 70 per cent of the project's total investment. This draft also includes big support for startups in the sector. Accordingly, they will be exempted from water surface and land rental fees from the moment their projects are put into operation. Startups will also be exempt from import duty for machinery and equipment for their project. There are also many other special financial supports for research, transfer, and application of high-technology in agriculture, for human resources training and market development, for investments in dairy cow and high-yielding cow projects, for investments in slaughter houses, for grown-forest processing projects, for investment in agro-forestry-fishery processing and preservation facilities, and for investments in agriculture and rural development infrastructure. Both local and foreign firms can benefit from the special incentives, according to the draft. MARD expects to submit the draft decree to the government for approval in September, contributing to making the sector more attractive to private investors. According to the ministry, the number of businesses investing in agriculture remains modest. As of September 2016, the country had 4,424 businesses in the sector, making up less than 1 per cent of the country's total. Imexpharm may scrap FOL if market winds are right. Imexpharm Pharmaceutical Joint Stock Company, Vietnam's fourth-biggest pharmaceutical firm, will consider scrapping the foreign ownership limit if this becomes a common trend. Nguyen Quoc Dinh, chairman of Imexpharm (IMP), told VIR that the company is not an exception to this trend. However, at present, IMP has yet to have any plans to remove the FOL as no stakeholders have submitted a proposal to this effect yet. Imexpharm's FOL now remains set at 49 per cent. The company has Balestrand Limited (6.09 per cent), Franklin Templeton Investment Funds-Templeton Frontier Markets Fund (8.49 per cent), and Kwe Beteiligungen AG (8.23 per cent) as foreign shareholders. The drug maker aims to fetch a total revenue of VND1.26 trillion ($57.27 million) in the second half of this year, up 23.4 per cent on-year, while making a pre-tax profit of over VND160 billion ($7.27 million), up 14 per cent on-year. At present, IMP is developing two new factories. Binh Duong high-tech pharmaceutical plant, coming at a cost of VND370 billion ($16.8 million), is over 60 per cent built and is scheduled to be put into operation in late 2019. Vinh Loc high-tech antibiotic plant, which will end up costing VND180 billion ($8.2 million), is 95 per cent built and is scheduled to open in late 2018. When the two new facilities are put into operation, they will increase IMP’s revenue by 15-28 per cent and profit by 12-15 per cent on average in the 2017-2021 period. In the first half of 2017, revenue from IMP-made products accounted for 83.9 per cent of the firm’s total net revenue of VND510.4 billion ($23.2 million), up 17.1 per cent on-year. "Of this total, revenue from OTC drugs made up 81.7 per cent and rose 15.9 per cent on-year. ETC drugs accounted for 18.3 per cent, ascending 14.3 per cent on-year,” External link

vietnamnet-en Friday, September 8, 2017 2:13:00 PM CEST

Zhang Dejiang said: "We have to put nuclear safety at the top of our agenda, and expect the highest standards," External link

sinacom-en Friday, September 1, 2017 7:05:00 PM CEST

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