Economy and commerce
Farmers cheer as Vietnam inks deal to export straw to Japan for cow feed
Rice straw, which is usually treated as waste and burned after each harvest in Vietnam, will become a valuable export product for the country next year. A new agreement signed on 18 November in the Mekong Delta city of Can Tho allows the state-owned Song Hau Collective ...
China's role in promoting regional connectivity appreciated: Thai official
Thailand appreciates China for its constructive role in promoting regional connectivity through various initiatives including the establishment of the Asian Infrastructure Investment Bank and the launch of the 21st Century Maritime Silk Road, a senior Thai official said. “We believe that effective connectivity would help promote ...
Krungthai Bank nears B100bn deal
The Finance Ministry plans to acquire the entire 55% stake in Krungthai Bank held by the Financial Institutions Development Fund (FIDF) in a deal worth 100 billion baht. The acquisition would pave the way for transferring the 12 corporatised state enterprises as planned to a holding company ...
Australian, German tourists are the biggest spenders in Vietnam: report
Vietnam has released the first annual tourism report, naming the top visitor markets and the biggest spenders in 2014. According to the report from the Vietnam National Administration of Tourism (VNAT), Australians topped the list in terms of spending per trip. The number of visitors from Australia ...
Cambodia and Laos: The challenge of altering attitudes towards startups
Startups in Cambodia and Laos might be focussed on local problems, but meeting those needs could foster greater receptivity. At 15 million and seven million strong respectively, Cambodia and Laos both have in excess of 50 per cent of their people who are 24 or younger. ...
Thailand still a top-10 Apec choice
Thailand lags behind arch rivals Vietnam and Indonesia as a top investment destination of Apec business leaders over the next 12 months. This finding was reported in PwC’s “2015 Apec CEO Survey: CEO Confidence in Asia Pacific Shaken but Strong”. Keep reading ...
Vietnam eases restriction on import of used machinery
Vietnam has introduced a new policy that will allow local companies to bring in machinery that have been in use overseas for less than 10 years, effectively easing a restriction on machines older than five years. According to the Ministry of Science and Technology, the new ...
Vietnamese exporters ponder ways to penetrate new markets
The US and Latin American countries have huge demand for products made by sectors in which Vietnamese companies have advantages, but they need to study these markets carefully to enter them, a forum heard in Ho Chi Minh City on 17 November. They also need to ...
Cambodia at low risk of debt distress: IMF
Cambodia’s external public debt is well within acceptable limits, but remains vulnerable to financial shocks such as export slowdowns or exchange rate fluctuations, the International Monetary Fund (IMF) said in its latest assessment of the Kingdom’s economy. “Cambodia’s debt distress rating remains low with all debt ...
Vietnam, New Zealand sign four agreements
Vietnamese and New Zealand businesses signed four agreements on 15 November during the official visit by New Zealand Prime Minister John Key to Vietnam. The four business-to-business arrangements – between Global Trust Alliance, AsureQuality and Vinamilk, Airways International and the Vietnam Air Traffic Management Corporation, Airways International ...
