Economy and commerce

Finansa directors back B180m licence deal

The board of SET-listed Finansa Plc has given the nod to its securities brokerage arm Finansa Securities to divest securities and derivatives agent licences to joint venture SBI Thai Online Securities for 180 million baht.  Keep reading ...

Thai stocks dive in global sell-off

Thai shares are heading towards a bear market after falling by 4.73% on 24 August as the deepening global equities rout, concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction could continue ...

Turmoil at the top prompts business uncertainty

In Myanmar’s business environment, where many prominent firms have close ties to officialdom, political developments at the top can have major ramifications for the economy. It remains to be seen how significantly the political turmoil that recently engulfed Myanmar’s ruling party will play out in Myanmar’s business sector. When Union ...

Chinese steel may flood Vietnam market

After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese market, causing difficulties for them. Vice-Chairman of the Vietnam Steel Association Nguyen Van Sua said although in recent years, the local steel ...

Vietnam's garment firms look to Europe

Enterprises from Hanoi hope to find more business opportunities in the textile, garment and footwear industries in Eastern European countries in the future. At a seminar on encouraging trade between Hanoi and the Czech Republic held in Prague on 20 August, Le Hong Thang, director of ...

China, ASEAN to strive to end talks on upgraded FTA

Chinese Commerce Minister Gao Hucheng said on 23 August that both China and ASEAN have agreed to strive to bring to an end their negotiation on an upgraded version of the China-ASEAN Free Trade Area before the end of this year. “Progress has been made in ...

Japan charts road to industrialization for Mekong region

Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint on 24 August to boost industrialization in the subregion. The blueprint, known as “The Mekong Industrial Development Vision,” got the thumbs-up during a meeting between Japan’s Minister for Economy, Trade and Industry Yoichi ...

Vietnam enjoys strong export growth in UAE

Vietnam’s exports to the United Arab Emirates (UAE) hit 3.463 billion USD in the first seven months of this year, up 23.37 percent year on year, reported Nhan dan (People) daily. Keep reading ...

Vietnam exports over 500,000 tonnes of rice to Africa

The volume of Vietnam’s rice export to African markets in the first seven months of this year rose by 52% in the comparison to the same period last year. Keep reading ...

Vietnam's CPI expected to drop slightly in August

Vietnam’s consumer price index (CPI), the main gauge of inflation, is expected to drop slightly by 0.07 percent in August, compared to the previous month, said the country’s General Statistics Office on 24 August. Keep reading ...

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