Economy and commerce
Trade
Thai consumers reluctant to spend
Based on the latest report by the Commerce Ministry, consumer prices based on 450 products and services fell for an eighth straight month in August due mainly to prolonged weak consumption. The ministry on 1 September reported prices contracted by 1.19% year-on-year last month. Keep reading ...
Vietnamese, Venezuelan leaders decide to deepen trade relations
State President Truong Tan Sang reiterated Vietnam’s desire to deepen ties with Venezuela to benefit both countries during talks with Venezuelan President Nicolas Maduro Moros in Hanoi on 31 August. Vietnam backed Venezuela’s constitutional government led by President Moros, said the host, adding that he believed ...
Thailand approves $3.8 billion stimulus to help stumbling economy
Thailand’s military government has approved economic measures worth a combined 136 billion baht ($3.81 billion) aimed at boosting spending power in rural areas, as the junta struggles to lift economic growth. Keep reading ...
Thai shippers fear deeper slump for exports
In the wake of falling exports for the seventh straight month in July, exporters are concerned that Thai shipments may slip into a full-year contraction of between 4.5% and 5%. Keep reading ...
Rice federation forecasts exports to resume as scheduled in mid-September
Recently halted after severe flooding that inundated swathes of the country, Myanmar will resume rice exports as scheduled from mid-September, the country’s rice federation said on 31 August. Members of the Myanmar Rice Federation had agreed to a temporary pause on exports and to sell domestically at ...
Tycoon to the rescue as cheaper China floods Vietnam's economy
Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War. The construction mogul has amassed a war chest of tens of millions of dollars to fight for greater independence for Vietnam’s economy ...
Farming bivalve molluscs for export favourable in Vietnam
Raising bivalve molluscs for export is currently a promising potential for Vietnam as global markets have a growing appetite for the product and the total domestic farming area could be enlarged, many insiders have said. Data from the Directorate of Fisheries show that the bivalve mollusc ...
Economic forum reflects on Vietnam’s international integration
Vietnam’s achievements and missed opportunities in the reform process and international economic integration were reviewed at the Autumn Economic Forum entitled “Vietnam`s Economy: Integration and Sustainable Development”. Keep reading ...
Economists blame lack of policy reforms for Vietnam's failure to benefit from FTAs
Though the government seeks to globally integrate Vietnam — 15 free trade agreements signed since 2007 — its tardiness in reforming policies is preventing businesses from benefiting from the FTAs, delegates said at an economic forum in the central province of Thanh Hoa on 27 ...
US companies bullish on ASEAN business outlook, survey finds
American companies based in the region remain generally optimistic about business prospects for the 10 markets of ASEAN. The findings came in the annual ASEAN Business Outlook Survey by the United States Chamber of Commerce and the American Chamber of Commerce Singapore (AmCham). Keep reading ...
