World

RoK calls for policy coordination among East Asian nations to minimise COVID-19 economic impact

The Ministry of Economy and Finance of the Republic of Korea (RoK) on May 7 urged East Asian nations to step up policy coordination to minimise the economic fallout from the COVID-19 pandemic, reported Yonhap news agency.
RoK calls for policy coordination among East Asian nations to minimise COVID-19 economic impact ảnh 1(Photo: mofa.gov)
Hanoi (VNA) - The Ministry of Economy and Finance of the Republic of Korea (RoK) on May 7 urged East Asian nations to step up policy coordination to minimise the economic fallout from the COVID-19 pandemic, reported Yonhap news agency.

Han Kyeong-ho, a senior ministry official who is a co-chairman of the Public Expenditure Management Network in Asia (PEMNA), made the remarks during a videoconference with senior economic officials from 14 nations in the region.

Han said fiscal policy has played a key role for the RoK to navigate the economic slowdown triggered by the pandemic.

He added that nations in the region must boost policy coordination to revive economic growth.

PEMNA has 14 members, including 10 from the Association of Southeast Asian Nations, along with the RoK, China, Timor Leste and Mongolia./.

VNA
#COVID-19 #Republic of Korea #economic fallout #Public Expenditure Management Network in Asia (PEMNA) #vietnamplus #Vietnam News Agency Korea (RoK)
Follow VietnamPlus

Related News

Vietnamese, Korean businesses join efforts against COVID-19

Vietnamese, Korean businesses join efforts against COVID-19

A delegation of the Vietnam-Korea Business and Investment Association (VKBIA) on May 4 and 5 presented 5,300 face masks, along with 800 bottles of hand sanitiser, 20 cans of disinfectant and other necessities to border guards and staff working at COVID-19 check points in the northern mountainous province of Lai Chau.
ASEAN working to restructure supply chains, recover economies: Minister

ASEAN working to restructure supply chains, recover economies: Minister

Faced with the negative impact the COVID-19 pandemic has had on regional and global economies, including interruptions to supply chains, ASEAN countries are making greater efforts to recover and improve their responsiveness to future risks, Minister of Industry and Trade Tran Tuan Anh has said.

See more

Cambodian PM Hun Manet (Photo: AFP)

Cambodian PM urges police to crack down on all forms of crimes

Speaking at a ceremony marking the 80th founding anniversary of the National Police held in southern Kandal province, Hun Manet praised the countless achievements of the police forces, saying that police officers are the good guardians of the nation and people.

Indonesian President Prabowo Subianto (R) and Australian Prime Minister Anthony Albanese at a joint press conference in Jakarta (Photo: AFP)

Indonesia, Australia strengthen defence collaboration

Indonesia is committed to finalising the ratification process of the defence cooperation agreement that was agreed upon last year, and continuing discussions on ways to improve and enhance collaboration in this area, said Indonesian President Prabowo Subianto.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, speaks at the dialogue. (Photo: VNA)

Vietnam reaffirms continued contributions to UNGA President’s Office

Ambassador Dang Hoang Giang called on the UNGA President candidate to promote the issues of Vietnam’s concern during her tenure, including the upholding of and respect for international law and the UN Charter, and ensuring a transparent UN reform process with the full participation of all member states.

Prime Minister Paetongtarn Shinawatra (Photo: nationthailand.com)

Thailand outlines strategy for trade talks with US

Deputy Prime Minister and Minister of Finance Pichai Chunhavajira detailed the strategy, which includes restructuring the agricultural processing sector to address domestic supply shortages and identify areas where US imports can complement Thailand's production chains.

Prime Minister Paetongtarn Shinawatra meets with fruit traders at Government House. (Photo: Thai Government House)

Thai PM announces comprehensive support plan for fruit farmers

The initiative involves direct procurement from farmers through four key channels, namely purchase with intent to distribute domestically, corporate social responsibility initiatives, purchase for consumption in organisations, and procurement by government agencies like the Department of Corrections.

Medicines for malaria treatment (Photo: Antara)

Indonesia builds AI model for malaria diagnosis

The National Research and Innovation Agency of Indonesia (BRIN) is developing an artificial intelligence (AI) tool to support malaria diagnosis, toward warding off the disease by 2030.