Economy and commerce
Investment
Top private sector group predicts 3.5-4% GDP growth
The Joint Standing Committee on Commerce, Industry and Banking has kept its key economic forecasts unchanged, citing threats of external risks that could impede recovery. Chen Namchaisiri, chairman of the Federation of Thai Industries, who chaired the JSCCIB meeting on March 7, said these factors ...
Huge trade potential in Australia
The opportunities for Việt Nam to tap the Australian market are huge if businesses create competitive products up to international standards, experts have said. According to the Ministry of Industry and Trade, Việt Nam and Australia enjoy favourable conditions to boost economic and trade ties. ...
Deal to revive coffee industry
A strategic agreement to develop the Buôn Ma Thuột coffee brand is expected to revive the country’s coffee industry, which needs to replace thousands of old, unproductive trees on farms in the Central Highlands province of Đắk Lắk. The agreement between Bình Điền Fertilizer Joint-Stock ...
Thailand’s single window to clear trade
The Thai government plans to create a single online database for importing and exporting through a national single window by 2018 as part of efforts to avoid potential corruption and bribery in processes where the state and private sectors meet. Having a single online database should ...
China offers cassava hope
Cambodia has marked its first Cassava Day with expectations of greater exports to China, one of the world’s big markets for the tuberous root. Speaking at the celebration in Battambang province on Monday, Commerce Minister Pan Sorasak said the government is speeding up exports of cassava ...
Electronics plant construction starts
Construction has started on a $60 million electronics factory as Thailand’s SVI company expands into the Phnom Penh Special Economic Zone. SVI Cambodia, the local subsidiary, signed a 50-year lease in July 2015 and says it hopes the work will be complete by October. Pongsak ...
ASEAN officials work toward realising single aviation market
Senior officials from ASEAN aviation and dialogue partners continuously contribute their commitments to realise their vision and targets in relation to build up the comprehensive ASEAN Single Aviation Market, which is one of the key milestones in realising the AEC. The officials are currently attending ...
SEZs driving economic growth in the south
The establishment of Special and Specific Economic Zones and untapped tourism potential is expected to drive economic growth in Champassak province, a senior official has noted. Deputy Governor of Champassak province Mr Buasone Vongsongkhone told Vientiane Times on Tuesday that more entrepreneurs from China, Japan ...
Thai Wah eyes export boost
Thai Wah has budgeted Bt2 billion to expand its capacity to produce tapioca, cellophane noodles and other high-value products for export to Cambodia, Laos, Myanmar and Vietnam this year under a plan to boost total sales to Bt10 billion in 2019. Ho Ren Hua, chief ...
Vientiane has business potential but needs more infrastructure
Vientiane still has a huge potential for businesses and investment since Laos is being integrated with South East Asian Nations, according to economists. However, economists recommended that infrastructure development including roads, water and electricity supply are crucial for facilitating and attracting more entrepreneurs to the ...
