Economy and commerce

ELEPHANTS and elephant-related products can again be exported from Thailand under a new regulation from the Commerce Ministry, which may provoke controversy and debate over whether it violates the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). However, the National Park, ...

The industrial sector in Thailand, Cambodia, Laos, Myanmar and Vietnam contributed 32.3 per cent of the region’s GDP in 2017 and provided an estimated 20 per cent of the employment, said the IFC, the private-sector arm of the World Bank. It said that industrial zones provide ...

In prioritising Southeast Asia in its assistance, the multilateral lender would get involved in many operations in the region, said Ramesh Subramaniam, the director general of the bank’s Southeast Asia department. Subramaniam told the ADB annual meeting yesterday that the development lender would invest around US$5 ...

Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country’s rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs. In Vietnam, rates for ...

The new 500 kV and 230 kV transmission lines to be installed in Laos’ capital Vientiane, a joint project between Lao and Chinese companies, will ensure more Lao people to have sufficient power, officials here have said. The new power lines will transmit electricity from hydropower ...

Việt Nam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the domestic tra fish sector faces ...

On 12 April 2019, the Ministry of Industry and Trade of Vietnam (“MOIT”) released the third draft (“Third Draft”) of the Decision of the Prime Minister on the mechanism for encouraging the development of solar power in Vietnam, applicable from 1 July 2019 (“Draft Decision”). Keep ...

The Belt and Road Initiative (BRI) is China’s grand plan to revive ancient trading routes over both land and sea. Since its inception in late 2013, how China has influenced Southeast Asia through the BRI has become central to the debate on China’s keynote global outreach ...

The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia. The facility offers loans and technical assistance for sovereign projects in areas such ...

The Lancang-Mekong Cooperation (LMC) marked its third anniversary last week with the announcement that China’s trade with the five Mekong member countries – Cambodia, Lao, Myanmar, Thailand and Vietnam – has reached over US$260 billion for the period, highlighting the overarching role China plays in ...