Investment
Investment policy and regulation
Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As
Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...
Vietnam's fast economic growth is quietly slipping, but no one cares
In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. It’s odd then that ...
Singaporean firms find room to grow in Cambodia
Singaporean firms are taking an increasingly close look at the Cambodian market, both as a low-cost offshore production base and as a destination for their goods and services. Ho Meng Kit, CEO of the Singapore Business Federation, which represents 22,500 Singaporean companies, said as Cambodia ...
Malaysian trade agreement inked at Phnom Penh business forum
Cambodia and Malaysia took strides on August 9 to enhance bilateral trade and investment, holding a business forum in Phnom Penh and inking a cooperation agreement aimed cementing existing ties – and forging new ones. Malaysia is one of the top investors in Cambodia, and a cornerstone ...
Decree addresses securities firms
The Government has issued Decree No. 86/2016/NĐ-CP dated July 1, 2016 governing requirements applicable to securities investment and business activities in Việt Nam. The decree applies to securities companies, fund management companies, securities investment companies, foreign securities business organisations, and relevant organisations and individuals in ...
China-Laos relations improve as Gezhouba Group constructs hydro power plant
The project is called Xelanong 2 and is foreseen to generate 35 megawatts of power, or 140,700 megawatts of electricity annually. The Chinese company is the one which built the giant Gezhouba Dam in the Yangtze River which produces 2,715 megawatts of power. Lin Boqiang, director of the ...
ASEAN and the EEU: close to free trade zone?
ASEAN and EEU member countries are estimated to have a combined GDP of $3.5 trillion and a combined population of over 700 million. On August 5, Russian media outlets quoted Russian Minister of Economic Development Alexei Ulyukayev as saying that an agreement had been reached ...
Monster sugar mill eats through sugarcane supply
Just three months since starting production, Cambodia’s largest sugar mill is sitting idle due to a shortage of its primary input sugarcane, a provincial Agriculture Ministry official said on August 7. Poeung Trida, director of the Preah Vihear Agricultural Department, said Rui Feng (Cambodia) International Company’s ...
Mekong agriculture lacks FDI
Bad weather, fluctuating prices and high risk in agricultural cultivation has made foreign investors hesitate in pouring capital into the sector. According to the Vietnam Chamber of Commerce and Industry – Can Tho branch, for the first six months of this year, the Mekong Delta attracted ...
Thailand's central declares $89.6 mln tax on Big C Vietnam deal: report
Thai retail giant Central Group has declared around US$89.6 million in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C Vietnam, which declared the tax on behalf of its new owner, has paid $17.03 million of the amount, ...
