The Ministry of Finance has decided to cut oil import tariffs to 5 percent from the current 10 percent on the back of global price jumps. The ministry's latest move, coming weeks after Vietnam decided to remove oil price caps, was hailed by domestic petroleum import enterprises who said it was necessary so that their forthcoming oil price hikes not shock consumers. Oil prices rose over the weekend after Saudi Arabia said it foiled an Al-Qaeda-linked plot to attack the kingdom's oil facilities, rekindling concerns over the vulnerability of world energy supplies. The news came against the backdrop of expectations that the US will face a gasoline inventory crunch when drivers hit the roads this summer vacation season after a slew of refinery outages slashed stockpiles. London Brent crude, currently seen as more representative of global oil prices, gained 76 cents to reach US$68.41 a barrel and the US barrel rose $1.40 to $66.46. The government has recently allowed petrol enterprises to … [Read more...] about Vietnam government lowers oil import tariff
Vietnam government
Vietnam government gets new spokesman
The National Assembly, Vietnam's legislature, approved the promotion of a Central Communist Party Committee member to official spokesman for the government Thursday. Nguyen Van Nen, deputy chief of the Communist Party's Department of Propaganda and Education, received 72.69 percent of deputy's votes to be the new minister and chairman of the Government Office. Nen's predecessor, Vu Duc Dam, was elected deputy prime minister one day earlier. Dam's predecessor, Nguyen Xuan Phuc, was also elected as a deputy prime minister in 2011. Nen, 56, was nominated by Prime Minister Nguyen Tan Dung, who said Nen had been trained through various positions at the district, provincial and central levels. Nen has is the second minister in the government cabinet to have held the post of deputy chief of the Communist Party's Department of Propaganda and Education. The other is Minister of Information and Telecommunications Nguyen Bac Son. … [Read more...] about Vietnam government gets new spokesman
Further H1N1 cases found in Vietnam, Government swings into action
The Ministry of Health announced the new infections June 1, which have now brought the number of swine flu cases in Vietnam to three.The Government is implementing emergency measures to prevent the spread of the A/H1N1 influenza. The mother and the child had returned home from the US, and tested positive for the fatal virus and quarantined at the Children Hospital No.1. Tests conducted on May 30 at the TropicalDiseasesHospital in Ho Chi Minh City showed that a 23-year-old student who returned home early last week from the US via Hong Kong was positive for the virus and the Ministry of Health officially announced the first case of swine flu on May 31. The other 189 passengers who traveled on the same flight with the student from the US and arrived in Vietnam will be kept under observation, according to the Southern Airport Corporation. Of them, 133 live in the city and 55 in other areas. Authorities at TanSonNhatInternationalAirport have got their addresses so that health authorities … [Read more...] about Further H1N1 cases found in Vietnam, Government swings into action
Chan Hom spares Vietnam, government prepares for storm season
Tropical storm Chan Hom turned away from Vietnamese waters toward the Philippines over Wednesday night, but the government has asked relevant agencies to stay on alert for the storm season. Chan Hom moved further away from Vietnam's mainland to the EastSea on Tuesday night, according to the CentralHydrometeorologyForecastCenter, after threatening the coffee-growing Central Highlands. "The storm no longer threatens the mainland, but it's still very dangerous to ships operating in the area of its path," the government said in a statement posted on the government website on Thursday. Chan Hom formed early this week to become the first tropical storm detected in Vietnamese waters this year. Le Thanh Hai, deputy director of the CentralHydrometeorologyForecastCenter, said the area between the Hoang Sa (Paracel) and Truong Sa (Spratly) Islands continued to be the most dangerous, and advised sailors there to find refuge immediately. Until late Thursday, the government had released no damage … [Read more...] about Chan Hom spares Vietnam, government prepares for storm season
Mekong nations to discuss water management Vietnam Government website
Vietnam and five other riparian nations situated along the MekongRiver will attend a summit in Thailand next month to discuss management of its water resources at a time when the river is flowing at its lowest level in two decades. The conference, to be held in Hua Hin from April 2-5, will see China, Myanmar, Thailand, Laos, Cambodia, and Vietnam come together in an effort to preserve the region's most important river. They are expected to discuss food and energy production, biodiversity, and local poverty alleviation. It is estimated around 250 million people depend on the waters of the 4,900km-long river for their livelihoods, with 60 million of them earning their living mainly by fishing. The conference, expected to become a quadrennial event, will also mark the 15th anniversary of the founding of the Mekong River Commission, a management and information-gathering body, by Cambodia, Laos, Thailand, and Vietnam. There are four large hydroelectric dams along the river in China while … [Read more...] about Mekong nations to discuss water management Vietnam Government website