Economy and commerce
Trade
Vietnam mulls trade remedies against cheap steel imports: report
Vietnam may take remedial action against imported steel as an influx of cheap imports has reportedly threatened the local steel industry. News website Bao Dau Tu reported on 27 November that local producers have received support from Deputy Prime Minister Hoang Trung Hai. He ordered the Ministry of Industry ...
Thai start-ups in line for incentives
The Information and Communication Technology (ICT) Ministry is considering tax incentives for companies investing in tech start-ups in an attempt to stimulate long-term investment. The ministry plans to spend 100 million baht to promote Thailand’s tech start-up industry, said vice-minister Pansak Siriruchatapong. Keep reading ...
Thai Chamber urges bolder Myanmar approach
Thai businesses want the government to help them enter or expand into the Myanmar market by conducting more official visits to the neighbouring country, according to the AEC Strategy Centre at the University of the Thai Chamber of Commerce. Centre director Pussadee Polsaram said more official ...
November trade deficit narrows to $3.8b
Vietnam’s trade deficit narrowed to US$3.8 billion in the first 11 months of this year, from the $4.1 billion recorded for the first 10 months. According to the General Statistics Office, the reduction was thanks to an $18.8 billion trade surplus achieved by foreign direct investment ...
Firms study EEU deal opportunities
Numerous Vietnamese firms and member states of the Eurasian Economic Union (EEU) gathered at a business forum on 25 November in Hanoi to study opportunities from the free trade agreement. The business forum, which was co-organised by the Vietnam Chamber of Commerce and Industry, the Ministry of ...
US to review Thai trade benefits after labour complaint
The United States will review Thailand’s eligibility for trade benefits after complaints that the country is not properly protecting workers’ rights, the US Trade Representative said. Keep reading ...
Chinese firm intends to list on Cambodia Stock Exchange in 2016
Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year. Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...
Cautious optimism on the economic front
The Thai economy will expand by 2.8% by year-end, and government megaprojects will accelerate higher growth rates next year, the Fiscal Policy Office said on 26 November. Keep reading ...
'Echelon Thailand' set to host Mekong region start-ups
“Echelon Thailand” will bring active start-up communities from around the Mekong region including CLMV (Cambodia, Laos, Myanmar and Vietnam) to connect with one another. The 26-27 November event organised by e27, Asia’s largest tech media platform, is expected to attract the best of the Mekong region’s ...
Thai auto production hitting 2m units in 2016
With the slowdown in domestic auto sales ebbing and strong exports, Thai automobile production is expected to reach 2 million units next year, the Federation of Thai Industries projects. Surapong Paisitpatanapong, a spokesman for the FTI’s automotive industry club, said the production in 2016 likely will grow ...
