Economy and commerce
Investment
Wasted lands hinder local development
Several construction projects in Hà Nội have been delayed for years, wasting land and hindering the city’s land management process while other social security constructions remain in need of space. Seven of the 28 constructions projects in Quốc Oai District are waiting to be implemented ...
VN OilGas top list of 500 leading firms
Vietnam Oil and Gas Group topped the list of 500 leading companies announced at a ceremony in Hà Nội on January 19. It was followed by Samsung Electronics Vietnam Co Ltd, Viettel Group, Electricity of Việt Nam, and the Vietnam National Petroleum Group. The annual event, ...
PM underlines new era workforce needs
Việt Nam will focus on developing human resources, science and technology in a bid to keep pace with the fourth industrial revolution, Prime Minister Nguyễn Xuân Phúc said on January 19 at a debate in Davos, Switzerland about the future of production. At the session, ...
Japan’s Shinwa Group kicks off ASEAN expansion push in Thailand
Japanese property firm Shinwa Group plans to expand its investment in ASEAN between now and 2019, targeting revenue from overseas sales to reach Bt10 billion by that year. The group launched its foray into the ASEAN market last year, announcing its first investment in Thailand, ...
Logistics firm DSV launches rebranded local branch
Global transport and logistics company DSV announced on January 19 it started operations in Cambodia following its acquisition last year of UTI Worldwide and its office in the Kingdom. DSV acquired UTI Worldwide in January 2016 for a reported $1.35 billion, making it the fourth-largest ...
EPF supports green growth initiatives
Laos launched a new project at the Ministry of Planning and Investment on January 18 aiming to support capacity building and mainstreaming green in the country. The agreement ceremony was attend by Deputy Minister of Planning and Investment, Dr Kikeo Chanthabouly. The new project, known ...
Cambodia eyes Swedish trade
Cambodia is seeking to expand its market for milled rice to Sweden and is looking for ways to cooperate further in trade and investment. Prime Minister Hun Sen, at the World Economic Forum in Switzerland, yesterday asked his Swedish counterpart Stefan Lofven to consider rice imports ...
Bank Indonesia continues its monetary easing stance
In line with expectations, Bank Indonesia has continued with its monetary easing by keeping its benchmark sevenday repo rate at 4.75 percent on January 19 to maintain stability amid growing global uncertainty. The move anticipated a change in direction of United States economic policies brought ...
The rise of anti-globalisation and its impact in Asia
The world appears to be experiencing a globalisation backlash with an assault coming from both economic and societal fronts. In this changing world, the two defining characteristics of globalisation – increased global trade and greater economic participation in trade – now look poised for an ...
Sembcorp takes another step on Myingyan project
Singaporean energy firm Sembcorp signed a build-operate-transfer agreement with Myanmar’s energy ministry on January 18 for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and ...