Economy and commerce
Trade
Laos to pursue trade, business environment improvement
The government of Australia will contribute US$2.5 million in additional funding for the ongoing Second Trade Development Facility Project, aiming to improve trade and Laos’ business environment. An official launch ceremony for the additional financing took place on March 13 at the Ministry of Industry ...
Struggling with free trade
As Thailand continues to negotiate more free trade agreements, local businesses often struggle to reap the rewards of lower or zero tariffs offered for shipments. The Commerce Ministry reported exporters took advantage of US$52.5 billion worth of FTA preferences and lower tariffs allowed by the Generalised ...
Quang Ninh: Tonkin Gulf fishery logistics centre to be launched
The construction of the Tonkin Gulf fishery logistics center in Co To island district, northern Quang Ninh province, is expected to be put into operation in March, said Secretary of the district Party’s Committee Hoang Ba Nam. The project, started in 2009, has a total ...
Checks for rice exporters
More than 40 rice millers have applied for quality checks to allow for export to China but most have not yet reached a high enough standard, the Agriculture Ministry said. Applications were received in a second call for expressions of interest after 28 millers gained certification ...
Robust factory growth charted
Cambodia has seen a marked increase in industrialisation over the past five years, with the number of factories nearly doubling during that period and producing a broader range of goods for both export and domestic consumption, according to new unreleased government data. In the yet-unpublished ...
Laos, Vietnam speed up plans for Vientiane-Hanoi expressway
Laos and Vietnam have agreed to take the next steps to start construction of an expressway linking the capitals of Vientiane and Hanoi this year. The agreement was reached at a bilateral meeting held in Hanoi on Tuesday between Laos’ Ministry of Public Works and ...
Election to be held after coronation, Finance Minister tells fund managers
Foreign fund managers posed several questions to Finance Minister Apisak Tantivorawong after he gave his keynote speech at the CLSA ASEAN Forum 2017 on March 9. One member of the audience asked Apisak when the general election would take place, adding that investors really wanted to ...
New transfer pricing decree: a step closer to international standards
On February 24, 2017, the Vietnamese government released the new transfer pricing Decree No. 20/2017/ND-CP ‘Providing tax administration applicable to enterprises having controlled transactions’ (Decree 20), which will take effect from May 1, 2017. Decree 20 replaces the existing TP regulations (Circular No.66/2010/TT-BTC) and provides new ...
Oil imports lift US trade deficit
The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration. President Donald Trump took office ...
HomePro mulls investment in Cambodia
HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. Rakpong Aroonwatdhana, HomePro’s head of investor relations, is quoted by the Bangkok Post ...
