Mr. Phong stressed that regional connectivity and cooperation is an inevitable trend in socioeconomic development of each locality. With the already obtained results for the last past, he hoped the two sides will increase the contribution ratio of the tourist industry to the Gross Regional Domestic Product of each locality to 11-17 percent. … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery
Post marathon mental recovery
The workshop is part of VPI’s ongoing long-term research programme seeking solutions for improving oil recovery in Vietnam’s mature fields, which are hoped to curb reductions in output and enhance exploitation efficiency, VPI expert Nguyen Huu Trung said. … [Read more...] about Hanoi to host international workshop on oil recovery technology
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
The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Cumulatively, the total State budget collection during the first five months of this year was estimated at VND577 trillion, or 38.2% of the plan, a plunge of 9.2% over the year-earlier period. This indicates that the State budget collection also runs into trouble when the economy turns sour due to Covide-19. … [Read more...] about Higher labor productivity: pay rise