Economy and commerce
Investment
Ministry names 30 environmentally unfriendly projects
The Ministry of Industry and Trade has announced a list of 30 thermal electricity, hydropower, chemical and mining projects that are posing risks to the environment. Among the environmentally unfriendly projects are thermal power plants Thai Binh 1, Vinh Tan 2, Vinh Tan 4, expanded Vinh ...
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
Farmers have date with destiny
A Thai agricultural company will work with a local firm to introduce commercial date palm cultivation to the Kingdom, which it claims can generate more profits for farmers than pepper and other cash crops, and for which it has already lined up buyers. Chiang Mai-based Daily ...
Japanese groups may invest $2 billion into Vietnam real estate
It is rumored that about ten Japanese firms will invest up to US$2 billion in the real estate market in Vietnam, particularly HCM City and Hanoi, in the coming time. Than Thanh Vu, President of Sao Khue, said the information is accurate because recently his company ...
Construction, consultancy firms sign on for Laos-China railway
Five Chinese construction companies and six consultancy firms have been selected for engagement in the Laos-China Railway Project, with construction expected to start in December. Agreements with the companies were signed in Vientiane on October 24 in the presence of Vientiane Mayor Dr Bounchan Sinthavong, Chinese Ambassador ...
Deputy PM greets US business council official
Deputy Prime Minister Phạm Bình Minh has suggested the US-based Business Council for International Understanding endorse the early ratification and implementation of the Trans-Pacific Partnership agreement and help Việt Nam carry out the pact effectively. Minh, who is also Foreign Minister, met with Peter Tichansky, President ...
Rice harvest prompts wary sales
The government will pause its efforts to dispose of state rice stocks to curb any adverse impact on domestic rice prices as the latest harvest enters the market. According to Duangporn Rodphaya, director-general of the Foreign Trade Department, with the annual rice harvest season beginning ...
Technology firms stop selling software as losses mount up
Technology firms, which have incurred loss of revenue because of copyright infringement, have decided to rent, rather than sell, software to businesses at low fees. In mid-September, about 15 technology firms, including well-known names such as Microsoft, ODS, Vonline, Nhan Hoa, BKNS, ESC, Hostvn, and Mat ...
Tourism gears for China rising
Cambodia is working to develop more facilities for Chinese tourists, including an accreditation system for tourism establishments, as part of its “China-Ready” strategy announced in May. Tourism Ministry spokesman Tith Chantha said on October 20 that Chinese tourists present a huge opportunity for Cambodia’s tourism industry ...
State counsellor addresses Rakhine attacks while in India
“We as a nation are struggling to make the democratic culture take root,” State Counsellor Daw Aung Suu Kyi told reporters after meeting Indian Prime Minister Narendra Modi on October 19. The state counsellor was on her first official visit to New Delhi where she attended ...
