Policy generali

JAKARTA -- Indonesia allowed a resumption of palm oil exports from Monday after a three-week ban, but shipments were not expected to get underway until details emerge on new rules aimed at securing domestic supplies of the edible oil. The Southeast Asian country, the world's biggest palm oil producer, halted exports of palm oil from April 28 in an attempt to bring down soaring local prices of cooking oil, rattling global edible oil markets already struggling with sunflower oil supply shortages due to the war in Ukraine. President Joko Widodo announced the lifting of the ban on exports of crude palm oil and some derivative products last week, expressing confidence that bulk cooking oil prices were heading towards a target level of 14,000 rupiah ($0.9546) per litre, even if they were currently higher in some areas. Palm oil, used in everything from margarine to shampoo, comprises a third of the world's vegetable oil market, with Indonesia accounting for about 60% of supply. To … [Read more...] about Indonesia policy uncertainty hampers resumption of palm oil exports

Containers at Tan Cang Cat Lai Terminal in HCM City (Photo: VNA) Hanoi (VNA) – Cargo throughput across seaports nationwide hit 241 million tonnes in the first four months of 2022, rising 2 percent year-on-year, according to the Vietnam Maritime Administration. The volume, excluding transited goods not unloaded at seaports, included 61.95 million tonnes of exports (up 2 percent), 67.49 million tonnes of imports (down 9 percent), and 110.99 million tonnes of domestic goods (up 10 percent). Container throughput also increased 2 percent to over 8.3 million TEUs during the period. The administration said 2 percent is the slowest growth in recent years though Vietnam has entered the post-pandemic new normal. Seaports in many localities have recorded a sharp decline in volume, such as Binh Thuan down 28 percent from a year earlier, Can Tho 25 percent, and Kien Giang 12 percent. Major ports also witnessed drops from 0.5 - 4 percent, including Hai Phong down 0.5 percent, … [Read more...] about Cargo throughput via seaports sees modest growth

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

The Government says that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more Today’s report of the Government on environmental protection has just been sent to the National Assembly warning that environmental pollution in some places is at risk of exceeding the tolerance threshold of ecosystems, affecting many aspects of economic life - society, locals’ living conditions, and health condition. Worse, residential areas in rural provinces don’t have a centralized domestic wastewater collection and treatment system which is also one of the reasons why environmental pollution is still complicated. Investment requirements for domestic wastewater treatment are an urgent issue while the country’s capital is limited and socialization policies are not effective. The Government said that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more and more while the collection and treatment … [Read more...] about Just 15 percent of urban wastewater treated

The Deputy PM’s participation at the session will deliver an important message from the Vietnamese Government that it highly values the effective cooperation with the U.N. in general and ESCAP in particular over the past 45 years, while demonstrating the country’s strong commitments to promoting its partnership with the U.N. and ESCAP in the coming time, according to Vietnamese Ambassador to Thailand Phan Chi Thanh, who is also the Permanent Representative of Vietnam to ESCAP. Vietnam wants to further accelerate the dialogue and cooperation process with member countries, effectively optimize ESCAP's support to implement Vietnam's development strategies and goals, especially during the post-pandemic recovery and sustainable development process, and realize its commitments at the 26th UN Climate Conference (COP26), he stressed. Ambassador Thanh affirmed that the Deputy PM will be the highest leader of Vietnam to attend a session of the commission in person in many years, which shows … [Read more...] about Vietnam aims to deepen partnership with U.N., ESCAP: Diplomat

Illustrative image. (Photo: VNA) Hanoi (VNA) - Nine Vietnamese provinces and 10 Lao provinces along the shared borderline will participate in the third cultural, sports and tourism exchange festival, scheduled to be held in the northern province of Dien Bien in September. Laos border to domestic and international friends, contributing to preserving ethnic identities. solidarity and comprehensive cooperation between Vietnam and Laos, and reaffirm Vietnam's consistent policy of maintaining, consolidating and enhancing its special relationship with the neighbour. musical performances , shows featuring traditional costumes, cultural products and images of Vietnamese people as well as socio-economic achievements of some localities that have cooperative ties with Lao counterparts. festival include Dien Bien, Quang Tri, Quang Binh, Son La, Thua Thien-Hue, Thanh Hoa, Nghe An, Quang Nam and Kon Tum and the Lao provinces are Luang Prabang, Huaphanh, Attapeu, Sekong, … [Read more...] about Festival seeks to promote friendship among Vietnamese, Lao border provinces

“The NA will consider and decide many important issues with significant impacts on the national socioeconomic development,” stated NA Chairman Vuong Dinh Hue at the opening ceremony. The National Assembly will discuss and adopt many laws and issues during its third session The session will debate and adopt five draft laws and three draft resolutions, and look into six other laws. The draft laws to be passed include the Law on Mobile Police, the revised Law on Cinematography, the Law on Insurance Business (amended), the Law on Emulation and Reward (amended), and the law amending articles of the Law on Intellectual Property. The draft laws to be advanced for discussions include the Oil and Gas Law (amended), the Law on Domestic Prevention and Control (amended), the Law on Inspection (amended), the Law on the Implementation of Democracy at Grassroots Levels, the law amending and supplementing articles of the Law on Radio Frequencies, and the Law on Medical Examination … [Read more...] about National Assembly to debate issues crucial to socioeconomic development

National Assembly Chairman Vương Đình Huệ delivers opening remarks at the meeting in Hà Nội on Monday. — VNA/VNS Photo HÀ NỘI — National Assembly (NA) Chairman Vương Đình Huệ asked deputies to propose practical and effective measures to fulfil socio-economic targets for the 2021-2025 period. Addressing the opening ceremony of the third session of the 15th-tenure NA in Hà Nội on Monday, Chairman Huệ proposed the deputies assess achievements and shortcomings, while pointing out challenges to successfully implementing socio-economic development tasks. Deputies were also asked to closely follow requirements, targets and solutions set by the NA and the Government regarding socio-economic development, COVID-19 prevention and control, five-year planning frameworks during the 2021-2025 period and fiscal and monetary policies. In order to ensure the highest efficiency of the third session, NA agencies and deputies made careful preparations for discussions, aiming for the best outcomes … [Read more...] about NA meeting expected to create premise for socio-economic achievements

Ambassador Lê Thị Tuyết Mai. Photo vtv.vn Deputy Prime Minister Lê Minh Khái is attending the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland. Ambassador Lê Thi Tuyết Mai, Head of the Permanent Delegation of Việt Nam to the United Nations, World Trade Organization (WTO) and other international organisations in Geneva, talks to VTV News on relations between Việt Nam and WEF, as well as issues surrounding the content of this year's forum. The World Economic Forum Annual Meeting 2022 (WEF Davos Conference 2022) has the theme "History at a turning point: Government Polic ies and Business Strateg ies". This will be the first live event promoting public-private cooperation between leaders of countries, international organi sations and global corporations since the COVID-19 pandemic. Could you please tell us more about the issues that will be discussed at the Conference, as well as the purpose, meaning and comments on this year's topic? The … [Read more...] about Việt Nam commits to working with global community in tackling global issues

GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic outlook in the United States, China, Latin America, South Asia and Pacific, East Asia, sub-Saharan Africa and the Middle East and North Africa in 2022. In Europe, the majority expect the economic outlook to be weak. The choices of both business and government are expected to lead to greater fragmentation in the global economy and unprecedented shifts in supply chains, creating a perfect storm of volatility and uncertainty. These patterns are expected to create further difficult trade-offs and choices for policy-makers, and – without greater coordination – shocking human costs. These are the … [Read more...] about Chief economists outlook warns of dire human consequences from the fragmentation of the global economy