Economy and commerce
Investment
FMI stock exchange debut set for March 25
First Myanmar Investment will begin selling its shares on the Yangon Stock Exchange on March 25, becoming the first company to list on the country’s first modern bourse, which officially opened last December, according to the Securities and Exchange Commission chair. The local conglomerate which is ...
Challenges lie ahead for Vietnam economic growth
Vietnam has challenges to tackle if it wants to achieve economic targets and deeply integrate into the world’s economy in the context of new trade agreements. Speaking at a seminar held in Ho Chi Minh City on 3 March, Tran Dinh Thien, director of the Vietnam ...
Hai Phong needs to choose investment projects with practical value: President
Vietnam’s Hai Phong needs to have a clear investment mechanism and select projects with practical benefits for both investors and the locality, President Truong Tan Sang said while visiting the northern port city on 1 March. He asked the locality to efficiently utilise investment in infrastructure ...
The first Lao businesswoman in Myanmar
Somsavath Khemsuliyajack is one of the first Lao nationals to set up a business in Myanmar, which is currently one of the hottest investment destinations in the world. Somsavath develops, distributes, and markets cosmetics under the brand name ‘SK Herbal’. SK Herbal’s line of products has ...
Vietnam wants more foreign investors for stock market after bullish year
A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam’s securities market to keep attracting foreign investors this year, a senior official has said. Speaking to news website VnEconomy on 16 February, Vu Bang, chief of the State Securities ...
South Korean company to invest in resort complex project
A company from the Republic of Korea (ROK) is intending to carry out a Lao Resort Complex Project in Phonhong district, Vientiane province, one of the mega projects to be developed in Laos. If the project is approved by the Lao government, the total value of ...
French bank set to enter Cambodia
French bank BRED Banque Populaire – part of the second-largest banking group in France – will start commercial operations in Cambodia later this year, marking the first foray for a European bank in the Kingdom since the late 1990s, sources in the banking sector said ...
Thai BJC to seek $6.2 bln loan for Big C purchase; shares drop
Thailand’s Berli Jucker PCL (BJC) said it would seek a short term loan and may consider an equity issue to fund a planned $6.2 billion acquisition of hypermarket operator Big C Supercenter PCL , sending its shares down 5 percent. Berli, controlled by Thai tycoon Charoen ...
ASEAN currencies prove they're not as vulnerable as you think
Typically regarded as the more vulnerable currencies in Asia to external shocks, the ringgit, baht, and rupiah are proving the most resilient on their relatively lower exposure to China and a dovish Federal Reserve. The Malaysian, Thai and Indonesian exchange rates are the top three performers ...
Domestic retailers urged for better links
Vietnamese domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said. According to Phu, Vietnamese retailers are vulnerable to integration because of their ...
