Economy and commerce
Investment
Provincial officials shut down Vietnamese nightclub in northeastern Laos
A Vietnamese-run night club featuring scantily-clothed pole dancers in the historic Viengxay caves in northeastern Laos has closed down a few days after its opening after it received a barrage of criticism on social media, a provincial official said. The nightclub had a soft opening on ...
US companies bullish on ASEAN business outlook, survey finds
American companies based in the region remain generally optimistic about business prospects for the 10 markets of ASEAN. The findings came in the annual ASEAN Business Outlook Survey by the United States Chamber of Commerce and the American Chamber of Commerce Singapore (AmCham). Keep reading ...
Vietnam index posts biggest single-day jump in 15 months
Vietnam’s benchmark VN Index ended up 3 percent on 26 August, its biggest jump in 15 months, after the government reassured it will maintain the country’s economic growth target and keep the dollar/dong rate stable until the year-end. 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 ...
Thai stocks bounce back
Thai stocks have rebounded on the back of the country’s strong economic fundamentals after a steep drop of 64 points to an 18-month low on 24 August, Finance Minister Apisak Tantivorawong said on 25 August.The Thai bourse joined several other Asian and European markets in the ...
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 ...
Consumer confidence posts larger fall in August
The ANZ-Roy Morgan Vietnam Consumer Confidence index slid 4.9 points to 133.7 points in August, 1.8 points lower than a year ago. The decline was caused by reduced confidence across all components of the survey. In terms of personal finances, just one third of respondents (31 ...
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 ...
