Economy and commerce

Traders defy the law to import more teak into the USA from Myanmar than before the coup

Despite sanctions put in place against the brutal military junta in Myanmar, US traders continue to source precious teak from the country for luxury yachts and flooring. The allegations are made in the new EIA report Acts of Defiance – How US traders are ignoring sanctions to import ...

China, Vietnam, Laos are hotspots for the criminal wildlife trade: does Asia really care about biodiversity?

Pangolin scales at US$160 a kilogram, monkeys and wild cats for sale – the online trade in protected and rare species is thriving in Laos, a key Southeast Asian gateway to the insatiable Chinese and Vietnamese markets for animal products. As world leaders gather in Egypt ...

Aidan Jones

Price fluctuations in goods in Mekong Delta

Specifically, the farm-gate price of hogs bred for slaughtering in many localities in the Mekong Delta has decreased by about VND2,000-VND3,000 per kg, to the lowest level in many months. In Can Tho City and many provinces such as Soc Trang, Vinh Long, An Giang, ...

Anh Duong - Translated by Anh Quan

Vietnam digital economy growth expected to be highest in Southeast Asia

Vietnam will achieve the highest growth in the digital economy in Southeast Asia between 2022 and 2025, a report by Google, Temasek and Bain & Company has forecast. It will grow at 31% followed by the Philippines with 20% and Indonesia with 19%, according to e-Conomy ...

Dat Nguyen

Việt Nam – Laos friendship, solidarity, cooperation to further thrive: President

Talking to the press on the occasion of the 60th anniversary of the nations’ diplomatic relations (September 5, 1962 – 2022), he said with their time-tested relationship, Việt Nam and Laos have many advantages and great potential to increase the scale of cooperation. It requires both ...

VNS

Thailand grapples with allowing more Chinese landowners

Thailand has been a popular expatriate destination for investment and retirement for decades, but foreign land ownership has long been restricted. Foreigners can own no more than 49% of any condominium development and are restricted from owning most freehold estates. Yet Thailand is keen to attract ...

PREM SINGH GILL

Cambodia's fishery exports dive amid dearth of processing experts

A senior official noted that the country lags behind in technical expertise when it comes to turning raw fish and other aquatic species into higher-value items. In the first seven months of 2022, total freshwater and marine fishery production amounted to 24,500 tonnes and 6,860 tonnes, ...

The Phnom Penh Post

Developing river economy in Mekong Delta should be focused: Experts

According to experts, the Mekong Delta has a dense network of rivers, creeks, and canals, with a length of about 26,550 km of natural rivers; thereby, it is convenient for the development of waterway traffic and river economy. On August 1, the Academy of Politics Region IV in ...

Money flows: Who's investing in Laos, and what problems do they present?

A nation disadvantaged by geography, Laos has turned to intense infrastructural development and foreign direct investments to accelerate economic growth. As the landlocked nation opens its doors to foreign money, who is it inviting, and what troubles lay ahead? Once an ancient kingdom and a hub ...

Pei Ying Loh & Zenn Wong

Why Vietnam Should be Worried About Laos’ Economic Crisis

Laos is facing one of its worst economic crises in many years. Last month, inflation hit a 22-year high of 23.6 percent, according to official reports. Consequently, the price of fuel, gas, and gold has increased by 107.1 percent, 69.4 percent, and 68.7 percent, respectively, compared to June 2021’s price. Long ...

Khang Vu

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