PM attends opening session of IMF-WB annual meetings
Prime Minister Nguyen Xuan Phuc joined leaders of other ASEAN countries at the opening ceremony of the annual meetings of the International Monetary Fund (IMF)-World Bank (WB) Group in Bali, Indonesia, on October 12.
Vietnamese Prime Minister Nguyen Xuan Phuc (fourth, left) and other heads of delegations at the IMF-WB annual meetings in Bali (Photo: VNA)
Bali (VNA) –Prime Minister Nguyen Xuan Phuc joined leaders of other ASEAN countries at theopening ceremony of the annual meetings of the International Monetary Fund(IMF)-World Bank (WB) Group in Bali, Indonesia, on October 12.
The event also saw the presence of financeministers and central bank governors of 189 member countries of IMF and WB,leaders of international organisations, representatives of many enterprises andsocial organisations, and researchers from around the world.
Themed “Harnessing disruption to shape inclusiveeconomies of the future”, the annual meetings are scheduled to discuss manyemerging issues in the global economy, such as the impact of trade wars oninternational and regional economic growth prospects; financial and monetarypolicy coordination; as well as the impact of the Fourth Industrial Revolutionon economic growth, financial stability, employment, and social equality andprogress.
At the event, the IMF released the WorldEconomic Outlook Update, predicting a global economic growth rate at 3.7percent in 2018 and 2019 due to the growth slowdown in some key economies underthe influence of the tightened monetary policy in the US, escalating tradetensions, and growing oil prices.
Addressing the opening session, IMF ManagingDirector Christine Lagarde and WB Group President Jim Yong Kim called oncountries to improve resilience in their economies; promote structural reforms;support multilateralism; oppose protectionism; enhance global cooperation;reduce global imbalances; and make use of the Industry 4.0 to servesustainable, equal, and inclusive development.–VNA
Prime Minister Nguyen Xuan Phuc’s presence at the ASEAN Leaders’ Gathering (ALG) and the plenary session of International Monetary Fund (IMF)- World Bank (WB) annual meetings will affirm Vietnam’s commitments to being an active and responsible member of ASEAN and treasuring global multilateral institutions.
The International Monetary Fund and the World Bank on October 11 launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology, while at the same time managing the inherent risks.
Members of the Association of Southeast Asian Nations (ASEAN) have reaffirmed commitment to upholding the open and rules-based multilateral trading system which has underpinned the countries’ economic growth during a meeting between ASEAN leaders.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
Vietnamese Prime Minister Nguyen Xuan Phuc (fourth, left) and other heads of delegations at the IMF-WB annual meetings in Bali (Photo: VNA) 
