Vietnam's National Assembly is concluding an extraordinary session that began on August 3, with lawmakers expected to approve an agreement related to the country's first nuclear power plant project in Ninh Thuan province. The session will also address special mechanisms to resolve obstacles facing certain wind and solar power projects, signaling a strong legislative focus on energy policy. Additionally, the assembly is scheduled to vote on proposals to establish Quang Ninh and Bac Ninh as centrally governed cities and to implement special policies for projects supporting APEC 2027 on Phu Quoc island [1].
In China, major oil and gas companies are set to report earnings for a period marked by a collapse in China's oil imports due to the U.S.-Israeli war on Iran. This decline in imports helped contain the rise in global oil prices. According to the National Bureau of Statistics, China's crude oil throughput in July increased slightly from the previous month but remained down 15.8% year-on-year [1]. Sinopec (China Petroleum & Chemical Corporation) will hold a briefing to discuss its first-half results, which are expected to set the tone for other fossil fuel companies such as China National Offshore Oil Corporation and PetroChina, both of which will report later in the week [1].
Elsewhere in the region, the Bank of Thailand is holding a monetary policy committee meeting to decide its policy rate. Despite the country's economic slowdown in the second quarter, attributed to the fallout from the Iran war, most economists expect the central bank to keep the rate unchanged at 1.0%, according to a Reuters poll [1].
Additionally, Bank of Japan Deputy Governor Ryozo Himino is scheduled to deliver a speech in Saitama prefecture, and the Nikkei Asia Forum in Sydney will bring together high-level government, business, and diplomatic figures to discuss regional developments [1].
CONCLUSION
Vietnam's legislative actions on energy and city governance, alongside key earnings reports from Chinese oil and gas companies, are set to influence regional market sentiment. The anticipated stability in Thailand's policy rate and upcoming speeches by central bank officials further highlight a week of significant economic events in Asia.