Economy and commerce
Investment
Vietnamese businesses worry about weak competitiveness
A survey found that only 32 percent of businesses have confidence in the competitiveness of their products, while others are worried about the increased presence of foreign goods. Chu Tien Dung, chair of the HCMC Business Association, said at the meeting between HCMC’s leaders and ...
US investor buys big stake in Vietnamese curcumin company
In early 2017, PHI Group, an investor from the US, unexpectedly announced the purchase of a 51 percent stake of Hoang Minh Chau, called the ‘curcumin King’ of Khoai Chau area in Hung Yen province. The value of the deal remains a secret. Analysts believe that ...
Vietnam channels investment capital to Laos
The Vietnamese government has approved total investment of almost US$21.4 billion, US$5.12 billion of which has been allocated to Laos. The Vietnamese Ministry of Planning and Investment was quoted in the Vietnam News recently as saying that Vietnam had channelled the US$21.4 billion into 1,188 ...
Asia-Pacific transport forum eyes sustainable development
Government officials are confident that the Intergovernmental Tenth Regional Environmentally Sustainable Transport Forum in Asia currently place in Vientiane will help to spur the development of Laos’ transport network. The comment was made by Deputy Prime Minister Somdy Duangdy at the forum’s opening ceremony on ...
CLMV parliaments share public investment experiences
The parliaments of Cambodia, Laos, Myanmar and Viet Nam shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly leader Heng Samrin said the event ...
ASEAN members reaffirm 90% tariff cuts under RCEP
ASEAN members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership, over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister ...
Bright prospects for steel firms despite challenges
Việt Nam’s listed steel companies can achieve higher growth in 2017 despite a volatile and predictable international market if they optimise operations and exploit missing links in the sector’s supply chain, experts said on March 13. Given recent international developments, global markets are likely to ...
South Korea’s KAIR Airlines launches with A320 aircraft
South Korean start-up carrier KAIR Airlines has announced that it has selected an A320 to launch its new low-cost operation, with the firm ordering eight A320ceo aircraft. The new airline will be based in Cheongju in central South Korea and will focus primarily on services ...
Laos showcases tourist attractions at Berlin trade fair
Laos put its tourism products in the spotlight at the world’s largest trade fair, the ITB (Internationale Tourismus Börse), held in Berlin, Germany, from March 8-12. According to the Tourism Marketing Promotion Department of the Information, Culture and Tourism Ministry, Laos was one of 187 ...
Laos to pursue trade, business environment improvement
The government of Australia will contribute US$2.5 million in additional funding for the ongoing Second Trade Development Facility Project, aiming to improve trade and Laos’ business environment. An official launch ceremony for the additional financing took place on March 13 at the Ministry of Industry ...
