Economy and commerce
South Korean cargo line aims to double shipments
The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port in Cambodia, and cargo sizes are expected to double in the coming month, a local company representative said on ...
Laos's Attapeu seizes 9,000 cubic metres of illegal lumber
More than 9,000 cubic metres of illegal timber has been seized in southern Attapeu province since late last year, according to a report by the provincial authorities. Timber traders have reportedly been attempting to export timber through the province, despite an export ban imposed by the ...
Banks offer credit for those with steady jobs
The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit. Canadia Bank began offering advance salary loans in early 2014, while ...
Foreigners buy houses in Vietnam as green light turns on
Though some problems still exist in the legal framework, more and more foreigners are registering to buy houses in Vietnam. A local newspaper reported that a Japanese footballer playing Series A football league in Italy has bought luxury houses in district 2, HCM City, through a ...
Tycoon looks to expand and deepen private Sihanoukville seaport
Agro-industrial tycoon Mong Reththy plans to expand his private port to handle bigger ships and containerised cargoes, increasing potential competition with the country’s principal port in Sihanoukville. “In order to handle container ships, the port must be renovated and the channel deepened to eight metres, which ...
Poverty reduction – Central Highlands’ main political task: PM
Poverty alleviation remains a main political task of the Central Highlands region, stated Prime Minister Nguyen Xuan Phuc at a working session with the Central Highlands Steering Committee in Dak Lak province on June 20. He suggested regional localities study and propose amendments to their specific ...
DCA preps new air transport policies
Myanmar will sign air service agreements with the Netherlands and Mongolia this year, and is drawing up new policies that include tackling the profusion of domestic airlines, the Department of Civil Aviation’s director for transport has said. Myanmar boasts 11 airlines and a 12th – a ...
Exporters ask for exchange solution
Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. The problem is that the Central Bank only allows lenders to conduct foreign ...
Change for growth
As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Meanwhile, ...
Laos banks on road link with China
With its fast-growing economy, landlocked Laos is turning a once disadvantageous position into an important land transport link for ASEAN regional connectivity with southern China’s Yunnan province. The 114-kilometre Hongsa-Chiang Man Road, which will be a shortcut to Laos’ northern Luang Prabang province, will link Thailand, ...
