Investment

Prime Minister Hun Sen on November 7 urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony ...

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...

Laos and Cambodia have agreed to open new border crossings to link the two nations more closely and enhance trade and investment cooperation. The plans were agreed to during Prime Minister Thongloun Sisoulith’s meeting with his Cambodian counterpart Hun Sen in Phnom Penh in June. ...

Vietnam and the International Rice Research Institute hope to boost cooperation in developing genetic resources and choosing technology to improve rice quality, experts have said. The IRRI gene banks, wild-rice introgression population, structured genetic population and breeding lines represent a critical resource for generating the ...

Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...

Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...

Authorities from eight northern provinces met in Bokeo province recently to discuss a proposed draft law of treaties and international agreements. The draft law would be the first law issued by the Ministry of Foreign Affairs and would set the principles, regulations and procedures for ...

Deputy Prime Minister Phạm Bình Minh said on November 3 at the Việt Nam Summit 2016 that the country would continue to focus on restructuring the economy, renewing its growth model and integrating into the global production and value chain. Minh, who is also Minister of ...

Plastic firms in Việt Nam face fierce competition and risk being acquired by foreign companies, experts said on November 2 at a conference in HCM City. Phạm Văn Bắc, deputy head of the construction ministry’s department of building materials, said the plastic industry had the potential ...

Amid booming demand for high-quality construction materials, Meranti Singapore is planning to build a steel galvanising plant and paintline in Thilawa special economic zone. The firm intends to spend US$85 million on the facility, and is in discussion with the SEZ operator and potential local ...