Economy and commerce
Investment
Japan's Sapporo buys out its Vietnamese beer venture: report
State-owned tobacco company Vinataba has sold out its 29 percent stake in Sapporo Vietnam to Japanese parent Sapporo Holdings, news website VnExpress reported on 4 October. Keep reading ...
Investors sour on Southeast Asia’s growth plans
Governments in Southeast Asia in the past several weeks have accelerated plans to boost growth and prop up markets amid worries about the spillover of China’s slowdown. But investors aren’t convinced. In August and September combined, equity outflows from Malaysia, Indonesia and Thailand quickened at the ...
Lao economy forecast up 6.4 pct for this year, 7 pct for 2016: World Bank
Investments in power generation and higher than expected production of gold and copper are set to see Laos post economic growth of 6.4 percent for the year 2015 despite the impact of weak commodity prices and sluggish global trade, according to a World Bank report ...
Made in Vietnam: Should Samsung be treated as a local company?
On the sidelines of a conference at the end of July, Samsung Vietnam CEO Myoung-Sup Han told the press that his company hopes to be treated as a local business soon, instead of a foreign investor. He said every year Samsung makes huge contributions to Vietnam’s ...
PPA for Mega First’s Laos unit
Mega First Corp Bhd said its 80%-owned power generation unit in Laos, Don Sahong Power Co Ltd, has secured the power purchase agreement for its hydropower project. Keep reading ...
Vietnam a top investor in Cambodia
Vietnam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects. It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said. Keep reading ...
Vietnam moves closer to market economy
Vietnam was striving to perfect the market economy and committed to creating the most favourable conditions for foreign investors, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum on 30 September. With improvements in the business climate, infrastructure and the financial markets, Vietnam ...
Thailand slips in competitiveness survey
Thailand has slipped one place on the Global Competitiveness Index (GCI) and is now ranked 32nd out of 140 economies analysed in a survey released by the World Economic Forum on 30 September. This year’s results reversed the uptrend that the Kingdom had been on in previous ...
Vietnam GDP grows 6.8% in 3Q
Vietnam’s economy grew 6.8% in the third quarter, up from 6.1% and 6.5% in the first and second quarters, respectively, the government said on 29 September. Keep reading ...
Retailers to invest B100bn to make Thailand shopping hub
The Thai Shopping Centres Association said it will invest 100 billion baht to turn Thailand into a regional shopping destination. Keep reading ...
