Economy and commerce
Investment
VN firms invest in textile, dyeing
Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...
President pledges to encourage investment to Myanmar
President Trần Đại Quang pledged that Việt Nam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism. At a meeting with visiting Myanmar Minister of Home Affairs Kyaw Swe in Hà Nội yesterday, the President said that Việt ...
Foreign markets interested in Lao organic coffee
A famous chef from France has tasted the organic coffee in Pakxong district, Champassak province and agreed to place an order for the top quality beans for coffee shops in Europe including France. The order is expected to serve as a boon for the region’s ...
Coca-Cola opens new $100M plant at capital economic zone
Global beverage giant Coca-Cola officially inaugurated its new $100 million Cambodian production facility on December 5, significantly increasing its local bottling capacity while bolstering the confidence of foreign investors. The 25,000-square-metre factory, situated on 12.5 hectares in the Phnom Penh Special Economic Zone on the ...
Japanese MFI starts social loans expansion
Japanese microfinance lender MJI Enterprise has started offering three new types of loan and is expanding into two new areas, its chief executive told The Myanmar Times. Yuko Kato said the firm is now offering education, health-care and solar power loans, in addition to its ...
Myanma railways to ramp up carriage production next year
A new Myanma Railways passenger carriage factory built with Chinese help is expected to be up and running by the end of the next financial year, according to the factory’s general manager. The new Myit Nge factory is being built on a 27-acre plot some ...
KBank targets middle-income earners for its insurance
Kasikornbank is adjusting its back-office processes and training branch employees to better explain and sell insurance products to middle-income earners. Kattiya Indaravijaya, president of KBank, said that the Office of Insurance Commission wants banks to educate customers about insurance products that are not deposit products. ...
Equal, transparent climate necessary for SMEs: PM
Prime Minister Nguyễn Xuân Phúc has underscored the need to create an equal and transparent climate in order to facilitate the operation of small-and medium-sized enterprises. Speaking at the third national congress of the Vietnam Association of SMEs (VINASME) in Hà Nội on December 3, ...
China is stepping up its global power play
With US president-elect Donald Trump threatening to build a wall on the Mexican border and force Asian allies to increase defence spending, Beijing is busy luring countries across the eastern hemisphere into its orbit. President Xi Jinping, who is consolidating his power at home, is ...
GMS nations back investment boost
The region’s transportation network stands to get an investment boost after the The 21st Greater Mekong Subregion Ministerial Conference decided on a new investment plan on December 1. Six ministers from GMS countries — China, Laos, Vietnam, Cambodia, Thailand and Myanmar — endorsed an additional ...
