Economy and commerce
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 ...
Vietnam stocks plunge as bank concerns trigger sharp sell-off
Vietnam’s stocks just had a rough week after bad news kept hitting the markets, prompting many investors to dump a large number of bank shares amid a broad sell-off. The benchmark VN-Index dropped to 556.30 at the 3 p.m. close on 21 August, shedding nearly 17 ...
State banks help more Thais to join financial system
Thailand is among several countries in the East Asia and Pacific region to record an increase in financial inclusion thanks to greater financial services offered by state-owned banks, says a World Bank senior economist. Thailand registered a higher rate of financial inclusion among adults aged 15 ...
Vietnam sets up steering committee for industrialisation strategy
The Prime Minister has decided to establish a Steering Committee for Vietnam’s industrialisation strategy as part of a cooperation agreement with Japan by 2020, with a vision to 2030. The Steering Committee for the strategy will be led by Deputy PM Hoang Trung Hai while Minister ...
China factory index hits 6-year low
A key indicator of China’s manufacturing activity slumped to a 77-month low in August, an independent survey showed on 21 August, fuelling concerns of further deceleration in the world’s second-largest economy. The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 47.1 this month, ...
Vietnam, Dagestan reach oil and gas exploitation agreement
Vietnam is willing to pour up to 300 million USD into an oil and gas exploitation project in the Caspian Sea of the Republic of Dagestan within the Russian Federation, said Dagestan’s Government Office on 18 August. Keep reading ...
Major Cineplex targets 30 cinemas in Laos within three years
Major Cineplex Group is expanding its footprint in Laos, aiming to have 30 movie screens there within three years. Entering the country of 7 million people through its partner Platinum Cineplex, Thailand’s largest movie-theatre operator formed a 60:40 joint venture to open its first five movie ...
Street food blues in the Kingdom’s capital
While street food vending is among Phnom Penh’s most visible cottage industries, proprietors are left in the legal dust as authorities demand unexplained “fines”. Dy Poch, the operator of a mobile grilled meat stall in front of the White Building tenements on Sothearos Boulevard, would rather ...
Costco sued over claims Thai shrimp harvested with slave labour
Costco Wholesale Corp was sued for selling farmed shrimp from Thailand, where slave labour and human trafficking in the fishing industry are widespread, and allegedly misleading US consumers about it. A California woman, Monica Sud, filed what may be the first such lawsuit against the retailer ...
Advertising signs in Laos still not conforming
Shops and restaurants in Laos are still not following the law because much, if not all, of their signs and banners are written in a foreign language. All signboards are legally required to feature the Lao language predominantly, on top and in the most prominent position, ...
