Recovery

Jakarta (VNA) - The online ASEAN Customs Transit System (ACTS) was officially launched on November 30 to accelerate trade in goods by road within Southeast Asia. In 2017, ASEAN economic ministers set the twin goals of reducing trade transaction costs by 10 percent by 2020 and doubling intra-bloctrade between 2017 and 2025. ACTS has been developed to realise this goal to allow businesses to lodge e-transit declarations directly to ASEAN customs authorities and track the movement of their goods from loading to delivery. Being developed with the support of the European Union, ACTS is simplifying the movement of goods across the region, making it more efficient and cost-effective.  Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam, the system has now been formally launched. The first successful ACTS transit movement occurred on October 23-24 when a truck travelled from Singapore via Malaysia to … [Read more...] about ASEAN customs transit system launched

Hanoi (VNA) - Solutions to promoting sustainable finance in ASEAN, digital transformation in the financial service sector amid the fourth Industrial Revolution, comprehensive financial solutions, and regional digital commerce links were on the agenda of the 6th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM), held online on October 2. In his opening remarks, Minister of Finance of Vietnam Dinh Tien Dung emphasised that the annual dialogue between ASEAN Finance Ministers and Central Bank Governors and representatives of member groups of the ASEAN Business Advisory Council, the EU-ASEAN Business Council, and the US-ASEAN Business Council has created a forum for managers and policy makers to openly exchange views on issues of concern in the region and the world. He highlighted the necessity of implementing solutions to mobilise and use public finance effectively and mobilising private resources and donor development assistance for sustainable … [Read more...] about ASEAN 2020: Meeting held promoting regional sustainable finance

-- Ho Chi Minh City has requested authorities of District 1, District 3, District 6, District 10, Phu Nhuan District, Binh Tan District, and Tan Phu District to inspect the places patient 1,347, Vietnam’s first locally-transmitted COVID-19 patient after nearly three months, had visited and to seal them off if necessary.  … [Read more...] about Breakfast @ Tuoi Tre News – December 2

Anh went on to say that when implementing the policies, it is necessary to pay higher attention to workers in the non-official sector as they account for a large proportion of workers, most of whom are vulnerable, and are affected most in the crisis and have difficulty accessing support. … [Read more...] about Covid-19 crisis leads to lower incomes, living conditions for tens of thousands of families

New orders continued to rise but only fractionally as business was impacted by the stormy weather conditions and flooding, as well as the pandemic. The latter had a particular effect on new export orders, which decreased solidly. On the other hand, a number of respondents indicated that new orders had increased amid improving underlying demand. With new order growth slowing, firms worked through outstanding business, leading to a 10th successive reduction in backlogs of work. The latest fall was solid but softer than in October. … [Read more...] about Storms disrupt manufacturing in November