Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

Thursday 11 June 2020

#Vietnam considers resuming flights to some Asian destinations


Tokyo, Seoul, mainland China's Guangzou city, Taiwan and Laos are among destinations being considered for early reopening of international flights, the government said.

The consideration is based on the condition of places that have had no new Covid-19 cases for at least 30 days, the Government Office said in a statement Wednesday, citing a prime ministerial directive.

Prime Minister Nguyen Xuan Phuc has directed that the flights should undertake strict anti-pandemic measures in line with the Health Ministry’s regulations.

The premier assigned the National Steering Committee for Covid-19 Prevention and Control the task of drafting a list of safe countries and territories where there have been no new cases for at least 30 days, saying these destinations will be prioritized for the resumption of international flights. "There must be guidelines on quarantine for those entering the country via such flights."

Phuc had earlier said that it was impossible for the country to remain completely closed to international flights, but the reopening has to be done carefully and with consideration for the disease safety level in the countries or territories involved.

Vietnam's entry suspension for foreign nationals since March 22 is still in effect, as is one on international flights since March 25. Only those with diplomatic or official passports, or coming for special economic projects, are allowed to enter the country and are quarantined upon arrival. It has also granted permission for some special flights to repatriate Vietnamese citizens stranded abroad.

Domestic flights have resumed since April.

Japan, South Korea and Taiwan are also considering the reopening of international flights with Vietnam, foreign media reported.

Japan has banned entry by foreigners but is considering allowing business travelers from Australia, New Zealand, Thailand and Vietnam who test negative for Covid-19 both while leaving their home country and arriving in Japan, said Asahi Shimbun, a Japanese national newspaper.

South Korea is planning a limited resumption of international flights to certain destinations including Vietnam, which has garnered international acclaim for its effective dealing of the Covid-19 pandemic.

With a population of over 96 million, Vietnam has reported just 332 infections. Of this, 319 have recovered after treatment and no deaths recorded.

Meanwhile, Taiwan’s Minister of Health and Welfare, Chen Shih-chung, had said last month that only a few countries could meet its requirements for resuming flights based on objective data. The minister said he thinks that New Zealand and Vietnam are the most likely countries to open up in the first wave, Taiwan News reported.

Though Vietnam has yet to open its doors to international visitors, the National Steering Committee for Covid-19 Prevention and Control had said at a meeting on May 28 that the tourism industry could pilot a plan to welcome foreign tourists to island destinations on a trial basis with strict safety measures in place.

Phu Quoc, Vietnam's largest island in the Mekong Delta province of Kien Giang, was on the list of priority island destinations.

Due to border closures and flight suspensions, Vietnam's number of foreign visitors in the first five months was 3.73 million, a 48.8 percent year-on-year decline.

The country has gone nearly two months without community transmission of the disease.

Source - VN Express

Sunday 11 October 2015

Proper safeguards needed for long-term AEC benefits, #Thailand


Asean countries need to integrate appropriate safeguards to ensure inclusiveness and sustainability in any benefits to be brought about by the Asean Economic Community (AEC), experts said recently.

 At a Bangkok symposium on "Shared solutions: Safeguarding sustainable development in the Mekong region", Venkatachalam Anbumozhi, senior energy economist at the Economic Research Institute for Asean and East Asia, said AEC will propel infrastructure investment in the Mekong region.

The benefits of AEC for the subregion include faster and more dynamic economic growth, stronger Asian voices in international forums, an alternative to global multilateral institutions, less poverty and better social indicators.

Yet, the benefits outweighed its costs - greater divide between rich and poor, loss of independence of national economic policies, weaker economic linkages with non-Asian countries and a loss of national culture and identity.

He called for proper environmental safeguards. This issue is challenging as Asean has a diverse mix of environmental and natural resources, a different environmental governance structure, dynamic legal regime, land tenure and taxation, and absence from region-wide institutions and systems to regulate, manage and monitor social and ecological impacts.

To improve regional cooperation, it is important to establish a standard approach that is programmatic, systematic, sequenced, targeted and transparent; to adopt a coherent framework for safeguard policies, legislation, tools and initiatives that compliment and strengthen each other; and to integrate policies in the administrative and legislative dimensions.

Networking and institution building, data and information management, education and training, international best practices and dispute settlement are the strategies to achieve the target.

"Asean is different from the European Union, which has a wide range of diversity. We need to learn how they can move forward with this diversity. Both government-to-government and business-to-business cooperation, coordination and collaboration are needed. Development will largely depend on how far we are going," he said.

At the event, Matthew Baird, of Environmental Counsel Asia, stressed the importance of climate change and environmental impact assessments (EIAs). Countries in the region need to seriously take into consideration the two factors for all investment projects.

"It is time for an Asean framework convention on EIA to ensure the bloc will see further developments in the near future," he said.

The framework convention should cover regional EIA capacity-building, access to information and public participation, registration and training of EIA consultants, transboundary EIA assessment, strategic environmental assessment and screening lists for projects.

According to the Intergovernmental Panel on Climate Change, compared to the climate in 1961-90, the average global temperature will increase by 1 degree Celsius from 2010-39 and 3-4 degrees from 2070-99.

Average rainfall will decrease by 20 millimetre from 2010-39, then increase by 60mm from 2070-99. Globally, water has been projected to be a key indicator of these changes. The increase in fossil fuel consumption for economic development directly leads to an increase of carbon dioxide emissions as the major man-made cause of climate change.

Actions on climate change were part of the United Nations' new 17 sustainable development goals. Countries are being invited to submit their action plans on the issue to the UN Framework Convention on Climate Change, as the world is expected to strike a new universal climate change agreement at the UN climate conference in Paris in December.

The Paris agreement will go into effect in 2020, empowering all countries to act to prevent average global temperatures rising above 2 degrees Celsius and to reap the many opportunities that arise from a necessary global transformation to clean and sustainable development.

Over 50 countries have submitted their action plans, including four Asean members - Cambodia, Vietnam, Myanmar and Indonesia.

During the Union Nations General Assembly last week, World Bank President Jim Yong Kim said, "We have no hope of ending extreme poverty unless we tackle climate change".

According to data from the World Wildlife Fund, across the Mekong region, temperatures rose by 0.5-1.5C in the past 50 years. The region is vulnerable to climate change with expected impacts on the region's terrestrial, freshwater, estuarine and marine ecosystems.

According to a report by the Asian Development Bank, Thailand's temperature increased from 1-1.8C in the past 50 years, while Vietnam's temperature increased by 0.7C during this period.

The climate change action plans of the countries in the subregion mainly involve energy policies.

Thailand targets to boost the renewable energy portion to 20.3 per cent by 2022. Vietnam's renewable energy portion will be raised to 5 per cent by 2020 and 11 per cent by 2050. Cambodia aims to raise both the electrification rate and renewable portion to 100 per cent by 2020. Laos aims to extend electricity access to 90 per cent of households by 2020 and increase renewable energy to 30 per cent by 2025.

Seree Nonthasoot, Thailand's representative to the Asean Intergovernmental Commission on Human Rights, said human rights and environmental issues are interlinked.

Asean should adopt people-oriented and gender-responsive development programmes, and needs to develop a CSR (corporate social responsibility) strategy for the grouping. The current discussion on CSR and human rights should be broadened to include other stakeholders.

"Asean needs to incorporate human rights into community vision. Development of regional guidelines and closer cooperation among regional stakeholders is essential. Alignment between NAPs (national action plans) and existing human rights action plans is also needed," he said.

Source: The Nation

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Tuesday 1 September 2015

Thai tourism: Another victim of the bomb?

The remarkable resilience of the hospitality industry is facing its sternest challenge yet.


 When Thailand's new deputy prime minister overseeing economic and foreign affairs, Somkid Jatusripitak, delivered his first major public policy address last week, the news was far from good.

Investigations had so far proven unsuccessful in finding who was behind the bombing at the Erawan Shrine, and the short-term economic consequences continue to be felt. More than 20 nations and territories have issued travel advisories or warnings for their citizens traveling to Thailand. Hotels, as well as tour operators, are reporting cancellations.

And now, the latest economic data has Thai exports shrinking for the seventh consecutive month. Overall exports from Thailand from January to July are now down 4.66 per cent. In June, the country had the worst monthly contraction since 2011 - a 7.87 per cent year-on-year decline.

Yet in this nation famously known for looking on the bright side, Somkid has declared that the economy is merely weak, not in crisis. This is to be no repeat of the Asian financial crisis of 1997.

Five years since violent street protests and the worst floods to hit Thailand in 50 years brought about dire predictions for the nation's tourism industry, the purveyors of economic doom are back. Pessimistic views compete with images from the nation's longstanding "Amazing Thailand" tourism promotions.

Worries continue about the impact of the bombing on the all important inward bound travel market. Chinese travellers now make up about a quarter of all foreign tourists in Thailand annually, with the Erawan Shrine and the surrounding shopping district a popular destination. More than 4 million visitors from China travelled to Thailand in the first six months of this year alone, and those numbers were expected to continue to rise.

In the immediate aftermath of the bomb attack, equities related to tourism, transport and distribution, given Thailand's key role as a regional logistics hub, were particularly hard hit. The Stock Exchange of Thailand Index experienced its worst one-day decline in more than a year. The baht also has fallen to six-year lows to the US dollar.

Responsible for about 10 per cent of Thailand's gross domestic product, the nation's vital tourism industry had been one of the few economic bright spots for Southeast Asia's second-largest economy. And yet amid the gloom and the near-term chill on Thailand's markets, one lesson from past crises in this Land of Smiles is that the Thai tourism sector will survive and once again thrive.

CEO Kevin Beauvais of GLOW Hotels & Resorts, with operations in Thailand and Malaysia and other properties under development in China, Vietnam and the Maldives, underscores this view.

"Thailand is amazingly resilient and still offers some of the best tourism values in the world," says Beauvais, who has lived and worked in Thailand through floods, political turmoil and a succession of governments. "In spite of Monday's [August 17] incident, Bangkok remains one of the safest cities in the world," he adds. "People will always come back for the sun, sand [and] sea."


 Bouncing back

Tourism numbers in recent years support this view. Bangkok has continued along with London to take one of the top two spots in the MasterCard Global Destination Cities Index for the last five years. That index ranks 132 destination cities around the world in terms of total international overnight visitor arrivals and cross-border spending.

Bangkok's draw remained despite some of the worst street violence in Thailand's recent history.

In May 2010, large parts of Bangkok were paralysed by weeks of anti-government demonstrations. Rioting and violence spread, leading to the declaration of Bangkok's first night curfew in 15 years.

Thailand's largest shopping complex was set ablaze. A television station and the stock exchange, among others, were attacked. More than 70 people lost their lives.

Then, as now, dire warnings followed about the nation's tourism industry. Today, a gleaming new and expanded CentralWorld shopping mall complex has emerged from the embers as one of Bangkok's most visited destinations.

And, just a few months later, in October and November 2010, Thailand was hit by one of the worst calamities in five decades. Floods killed hundreds, inundated homes and factories, closed airports and roads, and stranded tourists and residents across the country. Dire predictions about the tourism sector also ensued as hotel occupancy rates plummeted and expenditures by visitors declined.

Few international visitors also may now remember that four years earlier, on December 31, 2006, during the New Year's countdown, bombings in Bangkok left at least 40 dead or injured.

So, what lies ahead for Thailand's enduring travel and tourism industry?

Dan Fraser, co-founder of Smiling Albino, a leading luxury adventure tour company in the Kingdom, says: "Bookings will take a very short-term hit, like the markets, but will bounce back. Thailand is resilient and has a history of bouncing back… so we don't expect anything more than a temporary blip."

Short of a sustained campaign of bombings, which would wreak havoc with any nation's tourism sector, Thailand will more than recover from the Erawan Shrine tragedy. That event is unlikely to have a long-lasting impact on the nation's still lacklustre economy or investor sentiment, already weighed down by Thailand's continued political uncertainties.

Other major travel destinations have withstood much worse attacks - including the resort island of Bali, the focus of bombings in 2002 and 2005, and New York in September 2001. The Erawan Shrine has reopened, vigilance is up, and the nearby Grand Hyatt Erawan Bangkok hotel, which experienced some minor damage in the Monday explosion, is in full operation at this time, says Hyatt area vice president and hotel general manager Gordon Fuller.

With exports continuing to contract, falling consumer sentiment, a drought-stricken agricultural sector and a persistent political divide, the resilience of the nation's tourism sector should be among the least of the worries facing Thailand's newly installed economic team.

Indeed, that so much focus has been placed on the Erawan Shrine bombing's possible impact on tourism is itself a testament to the sector's ability to bounce back. It has done so in the past, and will do so again.


Source: The Nation
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