Economy and commerce
Investment
Slow ODA disbursement hampers Vietnam
Slow ODA disbursement is badly affecting Vietnam’s credibility and development according to a workshop on ODA programmes heard on October 18 in Hanoi. The problems were discussed at the workshop on accelerating the implementation and disbursement of ODA programmes and projects. According to the Deputy Minister of ...
Huge challenges still facing Vietnam's economy
It has been five years since the economic restructuring programme was launched, and despite some improvements to the Vietnamese economy, there has been little change in the growth model. For that reason, many have called for a reconsideration of the restructuring methods used over the past ...
Airports nationwide see volume growth
Passenger traffic through Thailand’s six major airports continues to show robust growth, leaping 12.3% to almost 112 million in the fiscal year to September. The figures reflect the country’s vibrant aviation industry, fuelled by flourishing tourism, growing economic activity and Thailand’s importance as an air ...
TFF to fund western expressway project
An expressway linking Rama III Road, Dao Kanong and the western outer ring road, will be the first project financed by the Thailand Future Fund, Deputy Prime Minister Somkid Jatusripitak says. The cabinet in December approved the launch of TFF to raise liquidity from the ...
Agro SEZ to grow China exports
A Chinese firm plans to invest at least $2 billion into developing the Kingdom’s first special economic zone geared entirely for agro-processing and storage, with the sprawling zone’s factories and warehouses aimed at meeting the growing potential for Cambodia to export its agricultural produce to ...
Chinese dual tax burden relieved
An extensive tax treaty that would shield Chinese businesses operating in the Kingdom from double taxation, and vice versa, has been drafted and is expected to be approved imminently, according to a senior Cambodian tax official. Experts said on October 19 the double taxation agreement would create ...
BIDV signs cooperation agreement with Japanese bank
The Joint Stock Commercial Bank for Investment and Development of Vietnam and the Yachiyo Bank of Japan have inked a memorandum of understanding on cooperation in supporting Japanese firms in Vietnam. This is the 26th Japanese bank that BIDV has signed such a cooperation deal with ...
Thai hospitality industry offers advice as Myanmar hotels eye boost in standards
A joint seminar on hospitality management development will be held on October 22, in a cooperative effort between the Myanmar Hotelier Association and Thai industry figures. The conference is to be held by Krung Thai Bank at Taw Win Garden Hotel, Hotelier Association joint secretary ...
Low marks for Cambodia’s efforts to combat illicit trade
Cambodia ranked third-worst for illicit trade out of 17 countries in the Asia-Pacific region in a recently released index by the Economist Intelligence Unit that analysed governments’ abilities to combat illegal trade operations. The report, commissioned by the European Chamber of Commerce of Singapore, reviewed countries ...
FDI sluggish as investor mood dims
Foreign direct investment for the whole of 2016 is expected to grow by just 2.7%, indicating that confidence in the Thai economy remains fragile, says Vallop Vitanakorn, vice-chairman of the Federation of Thai Industries. He said the likely FDI growth of 2.7% is low when ...
