Economy and commerce
Investment
How can the ‘pavement economy’ contribute to the national economy?
The expansion of the ‘clearing pavement campaign’ in Hanoi and HCMC means fewer vending stalls in the cities. But the informal economy in Vietnam has existed for decades. Van, a girl from Mekong Delta, has been selling grilled corn for the last 10 years in HCMC. Her ...
Gold orders drop due to purchase tax
Since the government started to collect tax on gold purchases on April 1, orders at workshops and goldsmiths have dropped. Goldsmith Ko Naung Naung from Chan Mya Tharsi township, Mandalay Region, said the downward trend was worrying because in the past, jewellers would make orders ...
Việt Nam, Cambodia agree on measures to boost ties
Prime Minister Nguyễn Xuân Phúc and his Cambodian counterpart Samdech Techo Hun Sen on April 25 agreed on several measures to strengthen multi-faceted relations between the two countries. PM Hun Sen said he considered the Vietnamese leader’s official visit as having historical significance, with the two ...
Uber confident on legal clearance for services
UBER has expressed confidence that it can clear within five months the legal hurdles that have dogged its taxi-service operation in Thailand. The Thai operation of the US-based company put out the timeline after its representatives met officials from the Department of Land Transport late ...
ASEAN urged to use arbitral ruling in code of conduct framework
Former Foreign Secretary Albert del Rosario on Tuesday urged the Association of Southeast Asian Nations to invoke the arbitral tribunal ruling that invalidated China’s expansive claims in the South China Sea in crafting a planned code of conduct in the disputed waters. The Permanent Court ...
Cross-border bridge congestion target of Savan Park proposal
Savan Logistics based in the Special Economic Zone or Savan Park has proposed establishment of Common Control Areas in the park, aimed at easing traffic congestion at the Lao-Thai border checkpoint. Currently the CCA proposal is being discussed among the officials concerned from line ministries, ...
Investment down by $1B
Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...
Machinery giant expands to Cambodia
Chinese construction machinery giant Sunward Group will set up an office in Cambodia this year to capitalize on the surge in infrastructure development in the country. He Qinghua, chairman of the board at Sunward Group, told Khmer Times his company is currently researching business opportunities ...
ADB gets behind solar project
The Asian Development Bank has financially backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with the state-run energy utility Electricite Du Cambodge. ADB’s private sector operations department will provide Sunseap Asset (Cambodia) with a debt financing ...
Productive outcome to bilateral talks
Cambodia and Vietnam on April 25 agreed in principle to work together in a range of commercial activities following two-hour talks at Peace Palace between Prime Minister Hun Sen and Vietnamese Prime Minister Nguyen Xuan Phu. Deals were struck relating to a major new highway, education, fisheries ...
