Economy and commerce

Ministerial delegates from the Mekong River Commission (MRC) Council have now approved a list of strategic documents, charting a new course for it and strengthening its efforts to balance environmental protection and economic development in the Mekong Basin. The MRC Council represents the highest level of ...

Asia Pacific leaders set aside differences Friday with their first joint communique in three years, calling for free and predictable trade to help a global economy laid low by the coronavirus pandemic. Leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), which included U.S. President Donald Trump ...

Seafood exports by Vietnam’s Mekong Delta provinces are picking up after a lull caused by the Covid-19 pandemic. Ca Mau, one of the largest shrimp producing provinces, struggled earlier this year, but exports have been improving recently due to authorities’ support and businesses’ own efforts. Shrimp exports ...

The World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled ...

NEWS flow on the construction of the China-Laos railway is giving confidence that the mega infrastructure will be on track for completion in December next year, and Laos will reap vast economic benefits from the project. Last month, the Laos-China Railway Company announced that the boring ...

The Asian Development Bank (ADB) is assisting the government of Thailand in designing, issuing and monitoring innovative capital market initiatives as part of the country’s recovery from the Covid-19 pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals. ADB’s ...

Data released by the Myanmar Commerce Ministry on Monday showed that the country saw more than USD3.61 billion from agricultural exports in more than 11 months of the current fiscal year (FY) 2019-2020. The agricultural exports of the current fiscal year expanded USD500 million in comparison ...

The government as well as the Chinese Embassy in Cambodia have strongly rejected and condemned the United States move to impose sanctions on Union Development Group (UDG), with Defence Minister General Tea Banh considering it part of US “geopolitical ambitions.” Academics also said yesterday the move ...

The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy ...

Auto sales fell 25 percent year-on-year in the first eight months to 151,903 units due to the continuing impacts of the Covid-19 pandemic. Passenger cars accounted for 109,694 units, followed by commercial vehicles and special-purpose vehicles, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales in August, ...