Read what is in the news today, July 24!
-- Young people of Vietnam and Russia as well as agencies in charge of youth affairs in both countries should organize practical activities to continue fostering the friendship and cooperation between the two nations, said Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh as he received Head of the Russian Federal Agency for Youth Affairs Alexander Bugayev in Hanoi on Tuesday.
-- A ceremony to mark the 60th anniversary of late Vietnamese President Ho Chi Minh’s historic visit to Baku, the capital city of Azerbaijan, was held in Hanoi on Tuesday, bolstering the relationship between the two nations.
-- Vietnamese PM Nguyen Xuan Phuc on Tuesday demanded ministries, agencies and localities to speed up the building of the country’s e-Cabinet system and not let financial or practical difficulties hamper the work as he chaired a teleconference on developing e-Government.
-- Hanoi has announced it will spend VND265 billion VND (US$11.39 million) until 2020 on implementing the local One Commune-One Product (OCOP) program, which aims to develop stable and sustainable forms of production for local organizations and businesses towards producing traditional products and improving services.
-- The Border Defense Force of Da Nang City in central Vietnam on Tuesday said it had seized 2,000 liters of fake Castrol engine oils and lubricants after raiding a local establishment.
-- The administration of Da Nang on Tuesday said it will remove all structures belonging to 14 local hotels and resorts that infringe upon public beaches without any exception, with works expected to finish by the end of July.
-- Vietnam has become a favored destination for merger and acquisition (M&A) deals for foreign investors, particularly those from South Korea, Hong Kong, Singapore and Japan, as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies, according to a report compiled by the Vietnam M&A Forum.
-- Vietnam’s Ministry of Finance is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation. The regulation would be applicable for micro and small businesses which are established from household firms.
-- Vietnam imported a total of 75,437 assembled cars, worth $1.63 billion, in the first half of 2019, six times more than in the same period last year, according to the General Department of Vietnam Customs.