Economy and commerce
Investment
The battle in the plastic industry among local, foreign rivals
Plastics companies’ high growth rate of 11 percent in the last five years has attracted the interest of foreign companies. Many Vietnamese plastics companies have become targets of foreign conglomerates planning to conquer the Vietnamese market. Thai SCG Group, for example, not only has a 20 percent ...
Laos, Thailand, China, Vietnam pave way for tourism integration
Eleven provinces across four countries in the upper Mekong basin have agreed to join in a development cooperation agreement that will seek sustainable tourism integration across the sub-region and its borders. Officials from these provinces signed a Memorandum of Understanding on the mechanism of their ...
Trick is to make VN startups competitive: experts
Many young people, including those who’ve studied abroad and returned home to establish their own businesses, shared useful ideas on startups at a conference held last week in HCM City. Nguyễn Trọng Nhân, director of Fablab Sài Gòn, said that starting a business means working ...
Auto parts makers steer toward Poipet
For nearly two decades, Poipet was a one-trick pony, relying on the casinos huddled around its Thai border crossing for its economic fortune. But now a different type of cluster is emerging on the frontier town’s outskirts, where industrial parks are attracting predominantly Japanese manufacturers ...
Joint trade commission to foster links with Bangladesh
Bangladesh is rushing to push forward a draft proposal to form a joint trade commission with Cambodia that is expected to be signed this year, an official from Cambodia’s Commerce Ministry said on February 12. Soeng Sophary, spokesperson for the Ministry of Commerce, said that ...
Thai-Myanmar council push
Thai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting ...
Phuket awaits Russian, Chinese rebound
Russian and Chinese tourist arrivals to Phuket are expected to rebound this year thanks to improving tourism sentiment, says hospitality market researcher and consultant C9 Hotelworks Co. Managing director Bill Barnett said Russian tourists are starting to return to a normal level while Chinese travellers are ...
Cambodia’s estates look to reap benefits of Thai ‘Industry 4.0’ drive
The government’s “Thailand 4.0” development drive is seen as providing a potential windfall for Phnom Penh Special Economic Zone Plc, whose industrial-estate operators hope manufacturers from Thailand and other countries with production at the Industry 1.0 or Industry 2.0 stage will shift their operations to ...
Suu Kyi strengthens ties with ASEAN and China
Myanmar’s democractic government has laid down a people-centered foreign policy which it will play pro-actively role in the region and international affairs. The Association of Southeast Asian Nations marks 50th anniversary this year after it was established on 8 August 1967 in Bangkok, Thailand. The founding ...
DPM offers measures for Xekong to pursue robust growth
Xekong provincial authorities were told to translate the government’s measures, outlined to boost 2017 socio-economic development, into the province’s planning and projects to drive local growth and improve people’s livelihoods. Deputy Prime Minister Dr Sonexay Siphandone, during his working trip to the province last week, ...