Industries
Chinese steel may flood Vietnam market
After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese market, causing difficulties for them. Vice-Chairman of the Vietnam Steel Association Nguyen Van Sua said although in recent years, the local steel ...
Vietnam's garment firms look to Europe
Enterprises from Hanoi hope to find more business opportunities in the textile, garment and footwear industries in Eastern European countries in the future. At a seminar on encouraging trade between Hanoi and the Czech Republic held in Prague on 20 August, Le Hong Thang, director of ...
Japan charts road to industrialization for Mekong region
Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint on 24 August to boost industrialization in the subregion. The blueprint, known as “The Mekong Industrial Development Vision,” got the thumbs-up during a meeting between Japan’s Minister for Economy, Trade and Industry Yoichi ...
Garment tool makers size up Cambodia
Industrial technology companies from across Asia expect garment manufacturers to turn to mechanization as a way to supplement human labor power in Cambodia. At the Kingdom’s fifth annual International Textile and Garment Industry Exhibition, representatives showed off advanced sewing machines, automatic embroidering tools and even an ...
Chinese tourists head to Thailand despite bombing fears
Busloads of visitors from China flocked to Bangkok’s glittering Grand Palace on 21 August but, days after a bomb at another of the city’s popular attractions killed five Chinese tourists, Thailand’s biggest spending holidaymakers are rattled. The attack on a Hindu shrine, particularly popular with Chinese devotees, did ...
Vietnam sets up steering committee for industrialisation strategy
The Prime Minister has decided to establish a Steering Committee for Vietnam’s industrialisation strategy as part of a cooperation agreement with Japan by 2020, with a vision to 2030. The Steering Committee for the strategy will be led by Deputy PM Hoang Trung Hai while Minister ...
China factory index hits 6-year low
A key indicator of China’s manufacturing activity slumped to a 77-month low in August, an independent survey showed on 21 August, fuelling concerns of further deceleration in the world’s second-largest economy. The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 47.1 this month, ...
Gov’t eyes ban on asbestos
Cambodia may soon join other countries in banning the import and use of asbestos, which is known to have serious health consequences, officials have said at a symposium organised by the Ministry of Labour and Union Aid Abroad, an Australian aid NGO. Speaking at the event, ...
Vietnam's steel output reaches highest in a decade
Building steel output in July reached 613,000 tonnes, posting 51.5 per cent increase over the same period last year and marking the record high in the past 10 years, said the Vietnam Steel Association. Keep reading ...
Tourism an immediate casualty
Business leaders believe the explosion at the Ratchaprasong intersection will hurt tourism but expect the overall negative effect on the economy will be more psychological and short term. Supant Mongkolsuthree, chairman of the Federation of Thai Industries, said tourism would be the sector hit hardest by the horrific ...
