Economy and commerce
Investment
Govt approves Vientiane-Vangvieng expressway corridor, legislation
The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development.The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister Thongloun Sisoulith and attended by the cabinet members. The 113.7-km corridor is part of ...
Yin Yi bags $124.5M construction contract
China’s Sino Great Wall signed a construction contract worth $124.5 million with Cambodia’s Yin Yi Venture for work on Amethyst One, an 8,100-square-metre mixed-use development located on capital’s Chroy Changvar Peninsula, Reuters news agency reported on Monday.Read more ...
Drop ICT tariffs to grow: study
Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research published yesterday.According to a study by the Washington-based ...
VN vows to boost Pacific trade
A seminar “The Pacific Alliance (PA) and Việt Nam in the global context” was held in Hà Nội on Monday, aiming to support Việt Nam’s role as the ASEAN co-ordinator with the alliance. The event also looked to promote co-operation, trade and investment opportunities between ...
Pioneers prospering in Hà Tĩnh border land
Witnessing it now, one cannot imagine how sterile and deserted the Tây Sơn economic zone in central Hà Tĩnh Province was 14 years ago. Lying among the greenery of rubber, tea and acacia on the Việt Nam-Lào border – some 30km from the Cầu Treo ...
Agriculture firms receive Gov’t funds
State credit institutions will offer enterprises developing national agricultural products 70 per cent of investment capital support, said the Ministry of Planning and Investment. MPI has finalised a draft decree on policies encouraging enterprises to invest in agriculture and rural areas to submit to the ...
Myanmar to receive first foreign coaching on communications via Singapore agency
As Myanmar’s growing economy creates opportunities for communications professionals in a wide range of industries, Rice Communications, a Singaporean public relations agency with presence in the nation, has planned to conduct a free training on PR and communications. Sonya Madeira, founder and managing partner of ...
Deep-sea fishing banned in Formosa spill area
Fishermen from the central provinces, which saw the Formosa spill, have been warned not to catch species living in the deepest levels of the ocean for 20 nautical miles offshore. Deputy Prime Minister Trương Hòa Bình issued this advisory on Wednesday during a meeting with ...
NA session ends, calling for govt to pursue targets
The National Assembly’s Eighth Legislature ended its third ordinary session on May 18, calling for the government to work harder in the pursuit of development targets. In her closing remarks, NA President Ms Pany Yathotou said the 17-day session agreed on multiple points that the ...
RCEP opens markets for Cambodia
The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP ...
