Upgrading internet speed

The National Economic and Social Development Council  upgrades its export growth forecast to 5.8 percent from 4.2 percent. (Photo: VNA) Bangkok (VNA) – The Thai government has pledged to revitalise tourism, stimulate domestic spending , and spur exports and investment to help economic growth reach its 4-percent target this year, local media reported. Deputy Prime Minister Supattanapong Punmeechaow said the government still maintains an economic growth target of 4 percent this year although various economic forecasting agencies have downgraded their outlook to only 2.7-3 percent growth. The Fiscal Policy Office (FPO) recently slashed Thailand's economic growth forecast to 2.8 percent this year, down from 4.5 percent in October 2020, while the Joint Standing Committee on Commerce, Industry and Banking maintained its economic outlook at 1.5-3.5 percent, despite the distribution of the COVID-19 vaccine. Supattanapong noted three factors, namely exports, domestic … [Read more...] about Thailand persists with 4-percent GDP growth target this year

Vingroup is preparing for a $10 billion complex urban area in Quang Ninh and a $5 billion resort complex in Danang One oOf the two Vingroup mega-projects, the 4,109-hectare Ha Long Xanh Complex Urban Area, with a total estimated investment of VND232.369 trillion (around $10 billion), will be built by the joint venture of Vingroup and Vinhomes. The project will stretch across Ha Khau and Dai Yen wards in Ha Long city, as well as Tan An, Ha An, Hoang Tan, and Lien Hoa wards in Quang Yen town. Meanwhile, the Lang Van resort and entertainment complex in Danang is planned with a total scale of 1,500ha, including land area and lake surface. Vinpearl JSC (a subsidiary of Vingroup) has received the nod from Danang People’s Committee to be in charge of this project, with an estimated initial investment of $5 billion. Recently, Lien Chieu District People's Committee had a meeting with the investor to speed up the implementation progress. Accordingly, by the end of June 2021, the … [Read more...] about Vingroup prepares for two mega-projects of $15 billion in Quang Ninh and Danang

Locals at the Tien Giang provincial Centre for Public Services (Photo: VNA) Tien Giang (VNA) - The Mekong Delta province of Tien Giang is making efforts to speed up administrative reform, which has so far proven effective in boosting its socio-economic development. The comment was made at an online conference reviewing the intensification of administrative reform and the application of information technology (IT) in Tien Giang’s State offices during 2020, which was chaired by Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Nguyen Van Vinh on March 4. According to assessments from the committee, administrative reform has been carried out effectively by all local departments and sectors, and administrative discipline gradually put in order. The province has focused on building e-government and posted positive results. Submitting administrative requests at the provincial Centre for Public Services (Photo: … [Read more...] about Tien Giang stepping up administrative reform to foster socio-economic development

A corner of the Dung Quat Oil Refinery (Photo: VNA) Quang Ngai (VNA) – The Binh Son Refining and Petrochemical One Member Co Ltd (BSR), a subsidiary of PetroVietnam, pocketed nearly 54 trillion VND (2.37 billion USD) in revenue in the first six months of the year, accounting for 69 percent of the yearly plan. At its shareholders’ meeting held in the central province of Quang Ngai on June 21, the company said that its net profit reached 2.7 trillion VND (118.8 million USD), equivalent to 77.6 percent of the target set for the whole year. The company’s total output stood at 3.53 million tonnes while its sale volume was estimated at 3.6 million tonnes, completing 57 percent of the yearly plan. Under the firm’s business development plan in 2018 and orientation for the 2018-2022 period, the BSR’s revenue is expected to hit a peak of nearly 6.4 trillion VND (281.6 million USD) in 2019 and the amount will taper off in the three following years due to plant’s expansion. … [Read more...] about BSR earns 54 trillion VND in revenue in six months