Economy and commerce
India must focus on expanding banks network in Cambodia, Laos, Myanmar and Vietnam
Expansion of Indian banks network in CLMV – Cambodia, Laos, Myanmar and Vietnam- countries would help in enhancing trade and investment relations with these nations, a report has suggested. The Commerce and Industry Ministry report – “India’s Strategy for Economic Integration with CLMV” was prepared by think ...
Thailand's public debt drops to 42% of GDP
Thailand’s public debt fell slightly to 42.36% of gross domestic product, or 5.68 trillion baht, on June 30, according to the Finance Ministry. At the end of May, the figure was 5.69 trillion baht, or 42.58% of GDP. Keep reading ...
Thailand's ready-to-eat food prices skyrocket
Prices of ready-to-eat meals, or fast foods, have soared 5-20 baht per dish across Thailand, with prices in the South increasing the most, a survey has found. Keep reading ...
Vietnam’s growth earns kudos in US
Vietnam continues to grow as a manufacturing hub, climbing to first place on Cushman & Wakefield’s 2014 Growth Index, a ranking of the top 15 manufacturing locations by growth in emerging markets. Keep reading ...
Organising Vietnamese - Japanese second high-level dialogue on agriculture
The Ministry of Agriculture and Rural Development in coordination with Japanese Ministry of Agriculture, Forestry and Fisheries held the second high-level dialogue on agricultural development cooperation in Hanoi on 12 August. At the dialogue, Minister of Agriculture and Rural Development Cao Duc Phat called on the ...
Customs red tape costs Vietnamese traders $10 billion a year: expert
Vietnam can help traders save US$10 billion every year by simplifying its customs procedures, which are now very time-consuming and complicated, an expert from a think tank has said. Nguyen Dinh Cung, head of the Central Institute for Economic Management, told an online conference on Tuesday that customs ...
China's currency devaluation could spark 'tidal wave of deflation'
China’s devaluation of the yuan has sent shockwaves through global markets. Edwards, of the bank Société Générale, argues that as well as creating a challenge for China’s Asian rivals, by making its exports more competitive, a cheaper yuan will send “a tidal wave of deflation” breaking ...
More investing in Laos' specific economic zones
Many more companies are planning to invest in special and specific economic zones (SEZs) in Laos after witnessing the potential to benefit from the coming regional integration, according to a recent report. Keep reading ...
Malaysia to open trade and industry office in Vietnam
The Malaysian Ministry of International Trade and Industry will open a representative office in Hanoi latter this year to embrace economic links with Vietnam. Minister Mustapa Mohamed made the announcement to reporters after his attendance at a dialogue with members of the ASEAN Business Club. Keep reading ...
Yuan devaluation seen reigniting currency wars in Asia
A measure of the region’s 10 most-traded currencies excluding the yen is set to decline for a third year, its longest losing streak since 1997, amid signs the US will raise interest rates for the first time in a decade. The People’s Bank of China’s cut ...
