Economy and commerce
Investment
Mekong Delta localities urged to work harder to complete yearly targets
In a document informing the PM’s conclusion in a meeting with leaders of the Mekong Delta localities, PM Phuc called for the engagement of the whole political system in implementing the Government’s resolutions on supporting COVID-19-hit people and solutions to remove difficulties facing business and ...
VNA
B1.4bn loan for Myanmar power grids
A concessional loan worth 1.45 billion baht to help Myanmar improve its electricity system has been approved by the government, according to an official. Rachada Dhnadirek, deputy government spokeswoman, on Tuesday said the loan is part of an initiative to strengthen ties with neighbouring countries. The Neighbouring ...
MONGKOL BANGPRAPA
Vietnam’s Southern Key Economic Region: Opportunities for Investment
Vietnam has emerged as an important investment spotlight for foreign investors. With GDP growth of 7 percent, import-export turnover of US$518 billion in 2019, and total registered capital of $362.58 billion by the end of 2019, the country continues to thrive in a wide variety ...
Rebecca An
Vietnam-EU Trade: EVFTA Ratified by Vietnam’s National Assembly
Highlights: Vietnam’s National Assembly on June 8 ratified the EVFTA and the EVIPA agreements between Vietnam and the EU. Analysts hope the trade deal will give a much-needed boost to Vietnam’s economy as it looks to recover from the COVID-19 pandemic. The agreement is expected to take effect sometime ...
Dezan Shira & Associates
Moody’s sees ‘solid growth prospects’ for Cambodia
Moody’s Investors Service says Cambodia has strong fiscal buffers to counter disruptions to trade and growth arising from the COVID-19 pandemic. In a statement released in Singapore Friday, the US credit rating agency said slowdowns in China, the EU and the US would deter Cambodia’s growth ...
Khmer Times staff
Chinese investment upheavals anger Laos' indigenous tribes
Rackety trucks rush across China’s border with its backwater neighbor, stirring up clouds of dust and drowning the tweets of tropical birds. Chinese projects to construct roads in one of Asia’s poorest countries date back to 1962 when Laos was subject to a proxy war between the global Cold ...
Robert Bociaga
Sihanoukville eyes a bright future to become ‘Shenzhen of Cambodia’
After allowing the MS Westerdam and its 2,000 passengers and crew to dock at its port on February, Sihanoukville, a quiet and small port city in Cambodia has commanded the global spotlight. Aside from offering a safe departure for those on board, Sihanoukville is in the ...
Lan Hui Source
Myanmar approves 12 local and foreign investment enterprises
Myanmar Investment Commission (MIC) recently approved 12 investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday (Feb 15). The enterprises, which will create over 6,600 job opportunities for Myanmar citizens, were permitted at the commission’s ...
What Xi wants in Myanmar may not be what he gets
If there were any doubts around China’s thinking about where to direct its money and influence in Southeast Asia, they were dispelled by the recent announcement that Xi Jinping would visit Myanmar on 17 and 18 January, the first state visit by a Chinese leader ...
Michael Sainsbury
Expo held to boost Lancang-Mekong sub-regional trade and investment
The 2019 Lancang-Mekong Cooperation (LMC) Exposition opened Thursday in Kunming, capital of southwest China’s Yunnan Province, aiming at boosting sub-regional trade and investment. More than 2,000 merchants from home and abroad are expected to attend the five-day event, which has set up 1,800 booths in five ...