Foreign investors

Foreign direct investment in the first seven months declined by 8 percent year-on-year to US$8.8 billion, Vietnam’s Foreign Investment Agency has reported.   Newly licensed projects were worth $6.9 billion, 1 percent up from last year.   Keep reading ...

Thaicom Plc’s mobile operating unit in Laos has seen its licence extended for another 25 years, six years before the expiry of the original contract. Thailand’s sole satellite service provider expects the extension granted to its joint venture company, Lao Telecom, to cement its leadership in the ...

A government decision to ax a luxury development project and four others amid opposition from Buddhist monks has left developers wondering if their investments are safe in one of the world’s fastest-growing real-estate markets. Last month the government axed plans for the $300-million Dagon City luxury development. ...

Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license.    The province refused to give Dewan International Vietnam more time to find money, canceling the ...

Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...

Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...

A group of Thai and Lao business people have announced a plan to spend 10 billion baht to develop a large shopping and hotel complex in Vientiane in order to cash in on opportunities arising from the coming from the coming Asean Economic Community. The massive ...

Germany’s development bank is considering expanding its investments into Cambodia’s renewable energy and agriculture sectors, a visiting German parliamentarian told the president of Cambodia’s Senate last week. Thomas Gambke, chairman of the ASEAN Parliamentary Group in the German Parliament, met with Cambodian Senate President Say Chhum ...

Dutch giant Heineken opened its US$60 million brewery on 12 July, with its locally developed Regal Seven lager beer set to hit store shelves shortly. The brewer will also face the unusual situation of competing against one of its own beers. It owns Tiger beer, but ...

An ILO project that provides free lunch at garment factories is proving to be a hit with workers, but whether or not this 50-cent per worker “experiment” catches on will depend on factory owners and the brands they supply. Last July, eight garment factories in Phnom ...