Mr. Le Huu Tho, chairman of Vietnam Tourism Association, said that regional connectivity between HCMC and the Mekong Delta should be implemented more drastically by local government, businesses and residents. The Mekong Delta in particular should pay more attention to developing human resources in the tourist industry to meet the region’s development requirements. … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery
Bangkok (VNA) – Thai Prime Minister and Defence Minister Prayut Chan-o-cha is scheduled to attend the 36th ASEAN Summit and relevant meetings chaired by Vietnamese Prime Minister Nguyen Xuan Phuc on June 26. According to a report from the Thai government, with the theme “Cohesive and Responsive”, the event will be the first summit held in the form of a video conference. The summit will focus on enhancing cooperation among ASEAN member nations in responding to the COVID-19 outbreak, and discussing a post-pandemic comprehensive recovery plan for the region. PM Prayut will propose three post-pandemic approaches, including promoting ASEAN's true connection through accelerating the implementation of the Master Plan on ASEAN Connectivity 2025 (MPAC 2025); fostering ASEAN's strengths from the inside through economic integration and digital infrastructure investment; and promoting ASEAN's long-term immunity with building a post-COVID-19 recovery plan whereby … [Read more...] about Thai Prime Minister to attend 36th ASEAN Summit
Dung updated the gathering on progress in launching priorities and initiatives during Vietnam’s ASEAN Chair Year 2020. He also reaffirmed ASEAN’s cooperative spirit, close coordination with partners in the fight against COVID-19, and post-pandemic recovery. … [Read more...] about Online PREP-SOM prepares for 36th ASEAN Summit
Hanoi (VNA) – The Vietnam Oil and Gas Group (PetroVietnam) has reported oil equivalent output of 8.99 million tonnes in the first five months of 2020, 4.4 percent higher than its target. In May, crude oil output reached 0.96 million tonnes, 2.1 percent higher than the monthly plan while gas production fulfilled the monthly goal at 0.84 billion cu.m. The firm generated 2.05 billion kWh of electricity and produced 149,800 tonnes of nitrogenous fertiliser, surpassing the monthly targets by 4.7 percent and 4.2 percent, respectively. Its production of oil and petroleum exceeded 1.01 million tonnes during the month, only equivalent to 91.5 percent of the monthly goal, largely because the Nghi Son Oil Refinery were cutting capacity for maintenance and the PetroVietnam Oil Corporation (PV Oil) reduced production of petroleum as demand dropped. The company has made drastic efforts to cut nearly 8.7 trillion VND in costs during the first five months of the year to deal with declining … [Read more...] about PetroVietnam’s oil equivalent output totals 8.99 million tonnes in five months
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?