Oil price 3 year high

While the industry waits on new permanent regulations, the Government and the Ministry of Industry and Trade (MoIT) are expected to release provisional regulations. These will focus on shortening the approval process for oil and gas fields to ensure that exploration keeps up with demand. … [Read more...] about PVN asks for revision of oil law

The indictment said Thang independently plowed ahead with a 20 percent stake purchase in OceanBank in 2008 without discussing it with other board members or seeking approval from the then prime minister. He was aware of the bank’s “poor capacity,” it added. The stake, worth VND800 billion ($35 million), was completely written off when the central bank took over it in 2015. … [Read more...] about Former oil honcho implicates ex-PM in massive Vietnam graft case

Indeed, rice had been sold at high prices in markets such as Hong Kong (China) and China, although they have now fulfilled their quota. Meanwhile, the Philippines has stopped importing rice and is now awaiting direction from the Government, according to Don, adding that rice from the summer-autumn crop has yet to be sold. … [Read more...] about Rice export price begins to decline following record high

Garment workers operate sewing machines in a supplied photo taken inside a factory of Dony Garment Co. Ltd. in Vietnam. According to Anh, partnerships with U.S. firms boast certain leg-ups in terms of buying power and commerce feasibility compared to those of other markets — from transnational logistics, shipping to payment. … [Read more...] about 25 years of Vietnam-US diplomatic relations – Part 1: Cooperation to tackle COVID-19 pandemic

HCM City (VNA) – Practice-based training is needed to create high-quality human resources, key to improve productivity and the competitive capacity of Vietnam’s tourism sector, tourism experts have said. Nguyen Huu Tho, Chairman of the Vietnam Association of Tourism, said Vietnam’s labour productivity remains low compared with other countries. Singapore productivity is 15 times higher than Vietnam, Japan 10 times, and Thailand 5 times, he said. The persistence of theory-focused education and little practical application in Vietnam requires enterprises to offer workplace-based retraining programmes for their employees, he said at a conference held in HCM City on July 7. The labour turnover rate in the tourism and hospitality industry, which is struggling with a lack of qualified human resources, is relatively higher than other industries, he said. Education and training of high-quality human resources in tourism … [Read more...] about Practice-based training needed to create high-quality tourism staff