Economy and commerce

Vietnam’s economic growth has continued to firm up in 2015 with gross domestic product forecast to expand 6.3 per cent in the first half of this year, according to the World Bank’s latest Taking Stock report. The bank’s semi-annual review of Vietnam’s economic performance said the ...

A government decision to ax a luxury development project and four others amid opposition from Buddhist monks has left developers wondering if their investments are safe in one of the world’s fastest-growing real-estate markets. Last month the government axed plans for the $300-million Dagon City luxury development. ...

Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license.    The province refused to give Dewan International Vietnam more time to find money, canceling the ...

Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...

With its revenues estimated at US$83 million last year, Vietnam’s mobile game market is leading Southeast Asia and is likely to grow further, news website VnEconomy has reported.   The market accounts for 37 percent of total mobile game revenues in the whole region, according to the ...

Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...

Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...

Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...

A local developer is proposing to the Lao government to convert BM Plaza into a specific economic zone in order to facilitate business operations and attract more investment, trade and tourism through the single window service. Representatives from BM Group yesterday met with officials from the ...

Vietnam’s securities regulator is planning new measures to lure more foreign investors to the stock market.   The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period, and force listed companies to release information in both Vietnamese and ...