Economy and commerce
Investment
VN economy faces tough future
Viet Nam’s economic growth in 2016 will be affected by many factors. General Director of the Viet Nam Statistics Office, Nguyen Bich Lam, speaks to business news website BNEWS. Social investment capital in the first six months of 2016 reached VND 618.2 trillion (US$27.71 billion), an ...
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded on 10 July to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer ...
BOI eyes continued Japanese investment
The board of Investment feels convinced that Japanese investors have remained confident in Thailand and will continue to expand their investment here. BOI secretary-general Hirunya Suchinai made the remark on 7 July at the in “Bangkok Nikkei Forum”, co-organised by the BOI, Nikkei Inc and Nikkei ...
Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one ...
Struggle with changes as Thai firms venture abroad
In the last three years, Thai conglomerates have made significant acquisitions abroad, mostly in the Asia Pacific as well as in the US. In 2014, Thai firms invested almost $4 billion in other Asian countries, more than double the figure in previous years, according to ...
Vietnam's Masan invests more in meat businesses
Vietnam’s consumer giant Masan Group Corporation is now shifting its focus to the meat sector that reportedly made up 46 percent of its revenue in 2015. The group’s subsidiary Masan Nutri-Science has bought the remaining 30 percent stake in animal feed company Anco, and increased its ...
Farmers urge region government to restart Southwest New City project
A farmers group is pressing local authorities to resurrect the controversial Southwest New City project. Though the three companies selected to build the new city were ready to proceed on the basis of approval from the outgoing Yangon Region government, the incoming National League for ...
Somkid woos investors from China
Deputy Prime Minister Somkid Jatusripitak has told Chinese investors that political tensions in Thailand will decline by the middle of next year after the country holds a general election. Meanwhile, the government aims to attract further investment from China and elsewhere with extra incentives and ...
Technology startups: high failure rate worries some investors
More than 60 percent of startups fail and 70 percent fail in the first year of operation. Rapid-fire good news has come to the Vietnamese technology startup community. US President Obama, during his visit to Vietnam in late May, announced that 500 Startups, the investment fund ...
Officials bid to increase South Korean investment
A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, on 29 June in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector. The Cambodian delegates briefed more than 80 Korean investors in attendance on ...