Economy

Garment worker Ny Thea never expected she would be in such big trouble. Just recently she still earned about $300 (€253) per month in a clothing factory, and on top of that, she took in extra cash renting out a luxury car.  But the coronavirus pandemic ...

By 2025, the Association of Southeast Asian Nations (ASEAN) region is expected to be the next destination for global participants, replacing China, with its geographic proximity, large consumer base, and low costs attracting traders. Cambodia, Myanmar, Laos, and Vietnam (the CLMV countries of the Greater ...

The Kiên Giang Province People’s Committee has approved making Phú Quốc a smart city by 2020. The project will be based on the Việt Nam Post and Telecommunications Corporation’s information communications technology infrastructure and the province’s e-governance. It seeks to develop Phú Quốc island into ...

Tourist spots, hotels and amusement venues, and buses and ferries across the country were packed with holiday makers during the four-day holiday that ended on May 2. The sunshine and hot weather in the south made it suitable for sea-related tourism and eco-tourism. Hotels in Vũng ...

Asian cities such as Singapore and Tokyo were the most expensive worldwide for residents in 2016, as currency appreciation drove an increase in the general cost of living. The Worldwide Cost of Living research, conducted semiannually by The Economist Intelligence Unit, found that half of ...

The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years. Speaking at the signing ceremony for a memorandum of understanding between the public and ...

Tourist arrivals during 2016 to the World Heritage town of Luang Prabang rose to more than 601,000, from over 500,000 in 2015, and this number is expected to rise further in 2017, the local tourism authority said. Head of the province’s Information, Culture and Tourism ...

The National University of Laos should set its sights on national development, especially in terms of the quality of the graduates it is producing, as they are fundamental to the nation’s progress. The university is only in the initial stages of its success. There is still ...

Thailand and Burma have agreed to renew negotiations over disputed border demarcations, which had stalled under Burma’s previous government. The agreement was reached during State Counselor Aung San Suu Kyi’s recent visit to Thailand, according to Burma’s Ministry of Foreign Affairs. Observers say that Thailand wants to ...

A recent World Bank report says that trade growth in Myanmar could reduce poverty and boost prosperity, but local observers say in order for that to happen the government must implement economic policies that increase export markets. The Myanmar Diagnostic Trade Integration Study released last week by the ...