Vietnam opens airport investment

Vietnam’s government will allow private and foreign investors to provide services at Vietnamese airports for the first time this December. Thanh Nien News reported that new legislation, which will take effect 12 December, will allow private investors to purchase rights to manage airports and provide some ...

Vietnam's Quang Tri province seeking $4b investment

The central Quang Tri Province intends to request a total investment of VND87 trillion (nearly US$4 billion) in its 18 projects in key sectors at an investment promotion conference in November. Speaking at a meeting with 20 investors held here on 28 October, Nguyen Van Hung, ...

Permitted investments, local and foreign, on the increase

Investment in Myanmar will continue to grow after the elections, business sources predict.  They were commenting on the announcement by the Directorate of Investment and Companies Administration that Myanmar Investment Commission had permitted 204 local and overseas investments in the first six months of the current ...

Thai Government to woo Western investors

Prime Minister Prayut Chan-o-cha’s UN trip has eased international concerns over the military coup, paving the way for other cabinet ministers to make overseas visits to boost foreign investor confidence in Thailand, Deputy Prime Minister Somkid Jatusripitak said on 7 October. Keep reading ...

Big plans brewing for Myanmar beer

Myanmar’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead, the company announced on 26 August. Following a recent partnership with Japan’s Kirin Holdings, the company’s chairman Nay Win said the new joint venture will try ...

State Bank of Vietnam assures no further dong/dollar exchange rate changes

The State Bank of Vietnam (SBV) will not make any further adjustment to the Vietnam Dong/US Dollar exchange rate this year, SBV Deputy Governor Nguyen Thi Hong said in a press release issued late on 24 August. Keep reading ...

How China's downturn is impacting southeast Asia

China’s economic growth for this year is projected by the International Monetary Fund to fall to 6.8 percent – its slowest pace of expansion in over two decades. The slowdown in China – which now accounts for about 15 percent of the global economic output – ...

Watching markets from the sidelines

As Chinese markets plunged 8.49 per cent on 24 August sending jitters across global indices, industry insiders were cautious about its potential spillover effects into Cambodia, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector. Jay Menon, lead economist for trade ...

Vietnam pushes ahead with business climate improvement

Improving the business environment is vital to increase competitiveness for enterprises, especially in the light of international integration, heard a workshop in the Mekong Delta city of Can Tho on 25 August. Keep reading ...

Vietnamese firms ignore rural potential: media

Despite being seen as the decisive factor in achieving sustainable rural development, Vietnam’s business sector still remained largely an untapped power, local newspaper Vietnam News on 26 August quoted officials and experts as saying. Keep reading ...

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