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Denmark helps VN business lift competitiveness

The Global Competitiveness Facility under the Danish International Development Agency (DANIDA) on Sept. 23 launched a programme to assist Vietnamese enterprises in the 2011-2013 period.
The Global Competitiveness Facility under the Danish InternationalDevelopment Agency (DANIDA) on Sept. 23 launched a programme to assistVietnamese enterprises in the 2011-2013 period.

Under theprogramme, GCF will provide 216 billion VND (10.3 million USD) asnon-refundable aid to between 50-60 private and non-State economicorganisations in Nghe An, Thanh Hoa, Khanh Hoa, Phu Yen, Dac Lac, LamDong, An Giang and Can Tho provinces.

Enterprises involving inagriculture, farm produce processing, fisheries, aquaculture,handicrafts and tourism will be given priority. Top priority will begiven to female entrepreneur producers.

GCF’s programme aimsto help develop trade services, which bring active and long-termbenefits to the development of the value chain towards exports. It alsohelps reduce financial risk for private and non-State organisations,which are providing new business services and new technology or areseeking new export markets and applying new business models.

Inthe 2006-2010 period, GCF granted 135 billion VND to 52 Vietnameseenterprises in Ha Tay, Nghe An, Khanh Hoa and Lam Dong provinces,generating 6,396 jobs for local people./.

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

💦 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

꧙ Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🐈 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ไ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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