Prime Minister Nguyen Xuan Phuc last month issued Decision No 168/QD-TTg approving a five-year (2016-20) restructuring plan for the electricity sector. Dinh Quang Tri, deputy general director of Electricity of Vietnam (EVN), tells Vietnam News Agency that the plan envisages increased transparency and competition in the sector. What is the role of EVN in the […]
Read MoreHANOI (Reuters) – Vietnam’s economy grew at its slowest pace in three years in the first quarter, government data showed yesterday, as production was weak in agriculture, mining and manufacturing. The General Statistics Office (GSO) said annual growth in January-March was 5.1 percent. That was the slowest expansion for any quarter since the first three […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising closer to the upper end of the two to four percent target until the third quarter due to elevated oil and food prices. BSP Governor Amando Tetangco Jr. said in his speech during the economic briefing 2017 and general membership meeting of the […]
Read MoreThe baht’s further upside bias to the US$34-mark is seen as a short-term run on the back of persistent offshore fund inflows, largely to the Thai bond market, prompted by a perception that the local currency is a safe haven, says a senior official at Phatra Securities. The firmer baht is setting a trend as […]
Read MoreTEMPO.CO, Jakarta – The Energy and Mineral Resources Ministry admitted that they are having difficulties in collecting debts in the oil and gas upstream sector because most oil and gas company contracts have expired. “Many of their [contracts] have been terminated. What should we do?” said Inspector General of the Energy and Mineral Resources Ministry Mochtar Husein […]
Read Moregained a year-on-year increase of 7.6 per cent in total export value of agro, forestry and fishery products in the first quarter of this year to US$7.6 billion. This included $2.9 billion in March, according to the Ministry of Agriculture and Rural Development. Of the total figure for Q1, export value of main farming products […]
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