Economy and commerce
Domestic retailers urged for better links
Vietnamese domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said. According to Phu, Vietnamese retailers are vulnerable to integration because of their ...
Thai shares dip as global recovery stalls
Thai stocks fell briefly below the psychological 1,300 mark on 9 February as intensifying anxiety over the global economy fanned demand for safe-haven assets, with local gold bullion momentarily hitting 20,050 baht per baht-weight. The Stock Exchange of Thailand (SET) index started the day on a ...
Mid-term public investment need estimated at almost $495m
Vietnam’s Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment. Under the plan, total public investment need for the period is estimated at nearly VND11 trillion (US$495 million), equal to ...
TCC set to take on retail giants
TCC Group, owned by billionaire Charoen Sirivadhanabhakdi, will emerge as a leading retail chain in Thailand after buying a 58.56% stake in SET-listed Big C Supercenter Plc for 122 billion baht. The acquisition has fulfilled Mr Charoen’s dream of owning a retail distribution channel after failing ...
Analysts see Thai stock market advancing 11% this year
The Stock Exchange of Thailand index is forecast to gain 11% to 1,442 points this year, based on government infrastructure projects, says the Investment Analysts Association (IAA). The analysts forecast the index will peak at 1,501 points and hit a trough of 1,163, with 60.7% of analysts ...
Thai FDI soaring in nearby lands
Thailand’s outward foreign direct investment (FDI) is flourishing as investors large and small rev up international expansion in line with the government’s commitment to supporting such investment and helping companies secure cheaper raw materials. Keep reading ...
Stimulus stuck in slow lane
Thai Deputy Prime Minister Somkid Jatusripitak’s appointment at the economic helm late last August was followed by rapid-fire launches of stimulus measures to revive the slowing economy. Measures worth more than 400 billion baht were announced but disbursement of the funds was slow, snagged by red tape. ...
Tra fish exports to UK increase sharply
Tra fish exports to the UK hit US$46 million last year, an increase of 13.9 percent against 2014, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Keep reading ...
Da Nang targets 12 percent rise in industrial production value
The central city of Da Nang has set targets of raising its industrial production value by 11-12 percent and the city’s industrial production index by 10.8 percent in 2016. The city’s total retail sales and services are also projected to increase by 16-17 percent, and export ...
Laos orders product labelling in Lao language
Every product manufactured domestically and also imported products shall now be required to be labelled in Lao language prior to distribution in order to protect consumers. The Ministry of Industry and Commerce has issued an ordinance on product labelling in Lao language, in order to expand ...
