Economy and commerce

Myanmar agricultural exports hit over USD3.6 billion

Data released by the Myanmar Commerce Ministry on Monday showed that the country saw more than USD3.61 billion from agricultural exports in more than 11 months of the current fiscal year (FY) 2019-2020. The agricultural exports of the current fiscal year expanded USD500 million in comparison ...

MENAFN

Unwarranted sanctions: US move against Chinese firm in Cambodia strongly condemned

The government as well as the Chinese Embassy in Cambodia have strongly rejected and condemned the United States move to impose sanctions on Union Development Group (UDG), with Defence Minister General Tea Banh considering it part of US “geopolitical ambitions.” Academics also said yesterday the move ...

Ben Sokhean and Sen David

Asia sees first regional recession in 60 years

The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy ...

Auto sales down 25 pct

Auto sales fell 25 percent year-on-year in the first eight months to 151,903 units due to the continuing impacts of the Covid-19 pandemic. Passenger cars accounted for 109,694 units, followed by commercial vehicles and special-purpose vehicles, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales in August, ...

Dat Nguyen

New stimulus package to boost spending power of low-income groups

The government will this week consider measures to increase the purchasing power of low-income groups and support small businesses. Lavaron Sansnit, the director-general of the Fiscal Policy Office, said on Sunday that the Finance Ministry would urge the government’s centre for economic situation administration to approve ...

Fruit prices go down because of decline of export

According to the Agro Processing and Market Development Authority and the Institute of Policy and Strategy for Agriculture and Rural Development – IPSARD’s annual report of agro product price, dragon fruit dropped continuously to VND3,000- VND3,500 per kilogram in August while it had been VND6,000- ...

Cambodia, South Korea wrap up second round of FTA Talks

Cambodia and South Korea ended the second round of their negotiations on free trade agreement (FTA) today with positive progress. It was a remarkable progress after four days of virtual meeting held from Aug. 31 to Sept. 3, said Seang Thay, Secretary of State at the ...

Vietnam dodged the coronavirus bullet, so why are its workers struggling?

Along a busy highway on the outskirts of Vietnam’s largest city, a worn-out looking woman carrying all her worldly possessions in a handful of plastic bags picks her way through a web of swaying hammocks, looking for one that’s empty so she can lay her ...

Sen Nguyen

Three-Decade Economic Boom Comes to a Sudden Halt in Vietnam

For the past three decades, Vietnam has known only good — or great — economic news. The nation’s consistent growth as an exporter, propelled by Communist leaders who began embracing market-oriented policies in the late 1980s, pushed many into the middle class. The coronavirus pandemic changed ...

John Boudreau and Nguyen Dieu Tu Uyen

Laos faces serious budget deficit

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos’ debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21. The Lao Government has estimated that the budget deficit will rise from 6.69 trillion kip (700 million USD) , ...

VNA

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