Investment

Korean conglomerate Lotte Group got the go-ahead from the HCM City People’s Committee on Wednesday to develop the Thủ Thiêm Eco Smart City in District 2. The 74,420sq.m project in the core of the Thủ Thiêm New Urban Area will cost VNĐ20.1 trillion (US$884 million) ...

After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built ...

Despite being dubbed the leading economic sector of HCM City, the city’s tourism sector is struggling with a lack of qualified human resources. According to the National Administration of Tourism, HCM City’s tourism sector needs roughly 40,000 new workers added to the labour pool each ...

In a bid to lower maternal and child morbidity and mortality, Laos will aim to reduce the unmet need for contraception to 13 percent and increase the contraceptive prevalence rate using at least one method from 42 to 65 percent by 2020. The nation’s unmet ...

Cambodia, Laos, Myanmar and Vietnam plus Thailand (CLMV+T) have reaffirmed their commitment to strengthen their cooperation in promoting tourism. The countries’ leaders agreed on their tourism partnership during the two-day Regional Workshop on Methods and Strategies for Implementing Public Private Sector for Cambodia-Laos-Myanmar-Vietnam Plus Thailand, ...

The Japanese government has supported the improvement of weather recording equipment and facilities which were handed over last Saturday to the Meteorology and Hydrology Department. The project was handed over to the department under the Ministry of Natural Resources and Environment by the Japan International ...

Laos’ leaders have ambitious plans for the country, and Singapore hopes to be part of Laos’ growth story, Prime Minister Lee HsienLoong said on Tuesday. Speaking at an official dinner at the Istana for visiting Lao Prime Minister Thongloun Sisoulith, Mr Lee noted that Singapore ...

Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. Cambodian Petrochemical Company (CPC) formed a joint venture with China Perfect Machinery Industry Corp (Sinomach) for ...

Experts have objected to several provisions of a draft decree on foreign investment in education saying they need further clarification and revision. They expressed their opinions at a consultative workshop held last week on a draft decree prepared by the Ministry of Education and Training. ...

Viet Nam lacks the legal wherewithal to deal comprehensively with dubious multilevel marketing companies operating in the country, officials say. While a crackdown on pyramid schemes by the Vietnam Competition Authority has made some headway, authorities are unable to exercise due control over the multilevel ...