Gas price inked for $10-billion Block B-O Mon

At the event (Source: VNA)   Hanoi (VNA) – Agreements on wellhead gas prices and transport costs for Block B – O Mon gas project were signed in Hanoi on September 1. The deals were inked between the Vietnam Oil and Gas Group (PetroVietnam), PetroVietnam Exploration Production Corporation (PVEP), and PetroVietnam Gas Joint Stock Corporation (PV Gas), Japan’s Mitsui Oil Exploration Co. Ltd. (MOECO) and Thailand’s PTT Exploration and Production Public Company Limited (PTTEP). Speaking at the signing ceremony, PetroVietnam General Director Nguyen Vu Truong Son said the project has a quite complicated geological structure, which requires exploitation methods similar to other gas projects in the Gulf of Thailand. In July, PetroVietnam submitted a gas field development plan to the Ministry of Industry and Trade, under which the exploitation needs up to 1,000 drilling wells and 50-60 oil rigs, he said. The signing of the agreements creates an important premise for the involved parties to soon reach necessary trade deals for the project, he added. Vietnamese Deputy Minister of Industry and Trade Cao Quoc Hung said Block B – O Mon is one of the two biggest gas projects in Vietnam, with a total investment of 10 billion USD. With an annual output of 5 billion cubic meters, the project will supply crude gas for O Mon power centre and Ca Mau gas-power-fertilizer complex. Particularly, with estimated total revenue of 47 billion USD, the project is expected to contribute around…... [read more]

Vietnam holds many advantages from the free trade agreements it has with other APEC members, according to Vietnamese Deputy Minister of Foreign Affairs and APEC 2017 SOM chairma Bui Thanh Son. AEPC representatives discussing issues on the sidelines of APEC-SOM 3. Photo: Le Toan “Joining free trade agreements (FTA) can help Vietnam access foreign markets and seek long-term and stable markets for local goods, particularly agro-forestry-fishery products, footwear, and electronics, and improve the competitiveness of Vietnamese businesses,” Son said at the Dialogue on RTAs and FTAs at the APEC-SOM 3 held on August 27 in Ho Chi Minh City. Vietnam has so far negotiated and signed 12 FTAs and is currently negotiating four others. Regarding the challenges faced by Vietnam when joining FTA, Deputy Minister Son underscored uncertainties of the global economy, further explaining that many economies still use both tariff and non-tariff tools to protect their domestic markets, thus hindering efforts towards trade liberalisation and market opening. “Benefits from RATs/FTAs are playing an important role in creating new motivation for economic, trade, and investment growth in the region,” Son said. For the past 30 years, RTAs/FTAs in the APEC region have flourished in number, scope of work, and sophistication. As of December 2016, 165 RTAs/FTAs signed by at least one APEC member economy have come into effect, 62 of them intra-APEC agreements. Increasingly sophisticated, next-generation regional FTAs addressing next-generation trade…... [read more]

Ambassador Robert Holleyman, President and CEO of C&M International, LLC, told Vietnam News Agency reporters on the sidelines of the dialogue that Vietnam has a large, growing population, as well as a global footprint in trade.  “Vietnam’s leadership in hosting APEC this year is a big signal that Vietnam is a key player in wanting to be integrated in the Asia-Pacific economy and in taking steps to ensure that it is integrated with other economies in the region,” he said. “The efforts by Vietnam to bring the parties together in this host year and talk about the future of trade in Vietnam is important and it’s great to see what has been done by Vietnam,” he added.   Echoing Robert Holleyman’s views, David HSU, Deputy Director General of the Bureau of Foreign Trade under the Ministry of Economic Affairs of Taiwan (China), highlighted Vietnam’s young population, diverse natural resources, favourable geological location and hard working labour as advantages for the country to participate in the trade agreements.  Benefits and how to maximise these benefits According to Bui Thanh Son, Vietnamese Deputy Minister of Foreign Affairs, Vietnam has so far negotiated and signed 12 free trade agreements, and is negotiating four others. Joining trade agreements can help Vietnam access foreign markets, seek long-term and stable markets for local goods, particularly agro-forestry-fishery products, footwear and electronics, and improve competitiveness of Vietnamese businesses, he said.  Robert Holleyman said “the data is clear that…... [read more]

The policy dialogue to discuss the acceleration of action on tuberculosis and multi-drug-resistant tuberculosis in the APEC region takes place on August 22 (Photo: VNA) HCM City (VNA) – The APEC Health Working Group (HWG) held a policy dialogue on August 22 to discuss the acceleration of action on tuberculosis (TB) and multi-drug-resistant tuberculosis (MDR-TB) in the region. The dialogue was part of the third APEC Senior Officials’ Meeting (SOM 3) and related meetings in Ho Chi Minh City. More than 100 participants included representatives of the World Health Organisation (WHO), the Stop TB Partnership, the Global TB Caucus, the US Centres for Disease Control and Prevention, and the APEC economies. Vietnamese Deputy Minister of Health Pham Le Tuan stressed his country has gained a number of positive outcomes in TB prevention and control over the last decades. It is one of the nine economies achieving the three main targets of TB infection minimisation and also among the three economies that have effectively implemented the WHO’s End TB Strategy. Vietnam’s top priority at present is to early detect all TB infections and cure them so as to prevent transmission, he noted. He said the policy dialogue, an initiative of Vietnam with coordination from other APEC economies and the WHO support, aimed to devise a breakthrough strategy and build a common responsibility framework to eradicate TB in the APEC region. Diana E.C Weil, a coordinator of the Policy, Strategy and Innovations Unit of the WHO…... [read more]

At the event (Source: VNA) HCM City (VNA) – The Health Working Group (HWG) hosted a policy dialogue on promoting healthy aging and non-communicable diseases (NCD) control for a healthy Asia - Pacific region. The event, part of the third APEC Senior Officials’ Meeting (SOM 3) and related meetings in HCM City, drew over 100 delegates from APEC economies, representatives from UN agencies, international and social organisations, researchers and health care service providers. Vietnamese Deputy Minister of Health Pham Le Tuan said population aging generates major opportunities and challenges, and impacts all economic and social aspects. The APEC economies account for 40.5 percent of the global population and nearly 50 percent of the total elderly in the world. Most APEC members are facing challenges posed by rapid population aging. Vietnam’s population aging started in 2011, with the rate of people aged 60 and above making up 10 percent. It is now among the countries with the fastest population aging speed. Vietnam has more than 10 million old people and figure is estimated to reach 28 million by 2050. Participants also discussed issues such as population aging in the APEC region, the burden of non-communicable diseases (NCDs) amid population aging, prevention and control of NCDs among the elderly. Tuan also highlighted the fast increase of NCDs and population aging pose huge challenges for the global health care system. Heart diseases, diabetes, cancers and chronic diseases are among the leading causes of death…... [read more]

At the exhibition (Photo: VNA)   Can Tho (VNA) - Six APEC member economies are displaying agricultural products and advanced agri-production technologies required to address food security and sustainably develop agriculture at an exhibition that opened in Can Tho city on August 21.  Besides Vietnam, the other economies joining the exhibition are Japan, Australia, the US, China and Taiwan. Speaking at the event, Vietnamese Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said the exhibition showcases technologies for sustainably increasing agricultural productivity and incomes, adapt to climate change and reduce emissions of greenhouse gases. [APEC 2017: workshop talks sustainable food system] It also focuses on the relationship between food security and climate change, sustainable natural resources management, sustainable rural–urban development, facilitation of investment in agriculture and food, and harmonisation of food safety standards and food-loss control, he said. Vietnam has set up 8 of the 18 booths at the event to exhibit drought- and salinity-resistant rice and other crop strains besides other agricultural products from the Mekong Delta. Dao Anh Dung, Vice Chairman of the Can Tho city People’s Committee, said the exhibition is an opportunity for APEC economies to discuss and seek solutions for sustainable agricultural development. Koichi Yamada, a visitor from Japan, praised the quality of the organic products and model shrimp farms initiated by Can Tho University in the delta. Nancy Sun, an exhibitor from China, said that 95 companies worldwide had purchased her soy food products,…... [read more]

In his opening remarks, Vietnamese Deputy Minister of Health Le Quang Cuong highlighted health as a critical component of economic and trade development and cooperation in the Asia-Pacific region. Investment in health is the key to inclusive and sustainable economic growth, he said, adding that better health leads to greater wealth and that will be an essential driver of long-term economic development growth.  Cuong reviewed Vietnam’s hosting of the first Health Working Group Meeting in Nha Trang city, the central province of Khanh Hoa, from February 23-24, with the theme of “Health system strengthening towards sustainable development” and five priorities. The priorities include progress on universal health coverage in APEC economies towards healthy Asia-Pacific by 2020, strengthening communicable disease control and antimicrobial resistance among APEC economies, integrated approach for promoting healthy aging and non-communicable diseases (NCDs), sustainable health care finance in the transitional period and health in all policies, and multi sectoral action to achieve health related to sustainable development goals (SDGs) 2030.  The theme and priorities were highly appreciated and endorsed by 21 APEC economies as they are issues of common interest that need to be strengthened more for all APEC economies in the coming year, he noted.  The second APEC Health Working Group Meeting will review the 2017 HWG Work Plan, and discuss priorities and indicators for healthy Asia-Pacific by 2020, as well as progress reports on approved and on-going projects of APEC economies. New HWG concept notes for…... [read more]

Officials of the APEC Health Working Group gather in Ho Chi Minh City on August 21 (Source: VNA) HCM City (VNA) – Officials of the APEC Health Working Group gathered in Ho Chi Minh City on August 21, expecting to address a range of issues in order to build a healthy Asia-Pacific region. In his opening remarks, Vietnamese Deputy Minister of Health Le Quang Cuong highlighted health as a critical component of economic and trade development and cooperation in the Asia-Pacific region. Investment in health is the key to inclusive and sustainable economic growth, he said, adding that better health leads to greater wealth and that will be an essential driver of long-term economic development growth. Cuong reviewed Vietnam’s hosting of the first Health Working Group Meeting in Nha Trang city, the central province of Khanh Hoa, from February 23-24, with the theme of “Health system strengthening towards sustainable development” and five priorities. The priorities include progress on universal health coverage in APEC economies towards healthy Asia-Pacific by 2020, strengthening communicable disease control and antimicrobial resistance among APEC economies, integrated approach for promoting healthy aging and non-communicable diseases (NCDs), sustainable health care finance in the transitional period and health in all policies, and multi sectoral action to achieve health related to sustainable development goals (SDGs) 2030. The theme and priorities were highly appreciated and endorsed by 21 APEC economies as they are issues of common interest that need to be strengthened…... [read more]

NDO/VNA – Officials of the APEC Health Working Group gathered in Ho Chi Minh City on August 21, aiming to address a range of issues in order to build a healthy Asia-Pacific region. In his opening remarks, Vietnamese Deputy Minister of Health Le Quang Cuong highlighted health as a critical component of the economic and trade development and cooperation in the Asia-Pacific region. Investment in health is the key to inclusive and sustainable economic growth, he said, adding that better health leads to greater wealth, which will be an essential driver for long-term economic development growth. Cuong reviewed Vietnam’s hosting of the first Health Working Group Meeting in Nha Trang city, Khanh Hoa province, from February 23-24, with the theme of “Health system strengthening, towards sustainable development” and focusing on five priorities. The priorities include; ensuring progress on universal health coverage in APEC economies towards a healthy Asia-Pacific by 2020, strengthening communicable disease control and antimicrobial resistance among APEC economies, an integrated approach for promoting healthy aging and non-communicable diseases (NCDs), sustainable health care finance in the transitional period and a focus on health in all policies, and multi sectorial action to achieve health in relation to sustainable development goals (SDGs) by 2030. The theme and priorities were highly appreciated and endorsed by the 21 APEC economies as they are issues of common interest that need to be strengthened further for all APEC economies in the coming year, he noted. The second APEC Health Working Group Meeting will review the…... [read more]

NDO/VNA – Officials of the APEC Health Working Group gathered in Ho Chi Minh City on August 21, aiming to address a range of issues in order to build a healthy Asia-Pacific region. In his opening remarks, Vietnamese Deputy Minister of Health Le Quang Cuong highlighted health as a critical component of the economic and trade development and cooperation in the Asia-Pacific region. Investment in health is the key to inclusive and sustainable economic growth, he said, adding that better health leads to greater wealth, which will be an essential driver for long-term economic development growth. Cuong reviewed Vietnam’s hosting of the first Health Working Group Meeting in Nha Trang city, Khanh Hoa province, from February 23-24, with the theme of “Health system strengthening, towards sustainable development” and focusing on five priorities. The priorities include; ensuring progress on universal health coverage in APEC economies towards a healthy Asia-Pacific by 2020, strengthening communicable disease control and antimicrobial resistance among APEC economies, an integrated approach for promoting healthy aging and non-communicable diseases (NCDs), sustainable health care finance in the transitional period and a focus on health in all policies, and multi sectorial action to achieve health in relation to sustainable development goals (SDGs) by 2030. The theme and priorities were highly appreciated and endorsed by the 21 APEC economies as they are issues of common interest that need to be strengthened further for all APEC economies in the coming year, he noted. The second APEC Health Working Group Meeting will review the…... [read more]




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