Economy and commerce

The IMF projects Vietnam’s GDP growth at 6.1% for 2024, supported by external demand and government policies, despite risks in exports and the real estate sector. In its recent September report, the International Monetary Fund (IMF) significantly upgraded its 2024 GDP growth forecast for Vietnam to ...

PREK TAKEO, Cambodia (AP) — The Mekong River is a lifeline for millions in the six countries it traverses on its way from its headwaters to the sea, sustaining the world’s largest inland fishery and abundant rice paddies on Vietnam’s Mekong Delta. Cambodia’s plan to build ...

The fifth Thai – Lao friendship bridge, which links Bueng Kan province of Thailand with Pakxan town of Laos, is scheduled to open this November. Deputy Transport Minister of Thailand Manaporn Charoensri said recently that the project features a 1.35km crossover with a dual-lane road traversing ...

TAIPEI, TAIWAN — A Vietnamese delegation’s visit to China last week has underscored increasingly close economic ties between the territorial rivals, which analysts say is posing a challenge to the dominance of South Korean investment in Vietnam. Vietnam’s National Assembly Chairman Vuong Dinh Hue led the high-level ...

Statistics from the International Rice Research Institute (IRRI) show that out of 47 million tonnes of straw per year, only 20 percent is used as straw mushroom beds, cattle feed, cushion for fruit transportation. The rest is either burnt (20 million tonnes such each year ...

Over the past year, the pace of hydropower development along the mainstream of the Mekong River in Laos has picked up, fuelled by long-term funding agreements. Chinese and Thai hydropower project investors have been signing Power Purchase Agreements (PPAs), which usually cover a 30-year period, ...

VIENTIANE (Vientiane Times/ANN): Laos Prime Minister Sonexay Siphandone has pledged to amend legislation to improve the business environment amid fierce international competition by governments to improve their ease of doing business. he government will “amend the Investment Promotion Law and relevant legislation to smooth business operations ...

The Swiss ambassador, Thomas Gass, met with National Assembly Chairman, Vuong Dinh Hue earlier this week ahead of the 52nd anniversary of diplomatic relations between Switzerland and Vietnam later this year. The two officials discussed bilateral trade and investment with progress on negotiations of a free ...

Concerns have been raised by migrant workers that the Thai government will expel Cambodian and Laotian migrant workers. Although there is no explicit policy as such, the concerns are not groundless, because Thailand did in face expel some 200,000 Cambodian workers in June 2014 after the May ...

Since it entered into force in early 2022, the Regional Comprehensive Economic Partnership (RCEP) has helped strongly promote integration of value and supply chains, strengthen confidence in regional economic recovery and create new impetus for trade and investment growth in the region and the world, ...