Economy and commerce
Thai banks bullish on Vietnam even if Trump scraps TPP
Thai banks in Vietnam believe a large labour force and low wages will still be magnets for trade and foreign direct investment in that country even if the Trans-Pacific Partnership is scrapped in line with US President-elect Donald Trump’s policy. Vietnam is among the 12 Pacific ...
Bank Negara Malaysia dealing with short-term volatility of the ringgit
A slew of measures undertaken by Bank Negara Malaysia are expected to help enhance a continuous supply of foreign currency. To discourage the trading of non-deliverable forwards offshore, the central bank has announced several initiatives to liberalise and deregulate the onshore ringgit-hedging market. They include providing ...
The Philippines to buy rice from Myanmar
Myanmar’s Ministry of Commerce revealed that the Philippines has offered to ink a government-to-government treaty to buy rice from its fellow ASEAN country. “The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently, it imports rice mainly from Vietnam. ...
VN firms invest in textile, dyeing
Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...
President pledges to encourage investment to Myanmar
President Trần Đại Quang pledged that Việt Nam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism. At a meeting with visiting Myanmar Minister of Home Affairs Kyaw Swe in Hà Nội yesterday, the President said that Việt ...
Laos-China railway to spur border zone development
The Laos-China railway will provide significant momentum for the development of the Boten-Mohan border economic cooperation zone, experts have noted. The railroad, a key project under China’s Belt and Road initiative, will link the Mohan-Boten border crossing in northern Laos to Vientiane, over a distance ...
Foreign markets interested in Lao organic coffee
A famous chef from France has tasted the organic coffee in Pakxong district, Champassak province and agreed to place an order for the top quality beans for coffee shops in Europe including France. The order is expected to serve as a boon for the region’s ...
Farmers petition to improve conditions
The government has three months to act on issues raised in a petition submitted on December 5 to the National Assembly and the Ministry of Agriculture, Forestry and Fisheries or risk a mass protest being staged. A group of 300 people, representing 2,260 families from Svay Rieng, ...
Coca-Cola opens new $100M plant at capital economic zone
Global beverage giant Coca-Cola officially inaugurated its new $100 million Cambodian production facility on December 5, significantly increasing its local bottling capacity while bolstering the confidence of foreign investors. The 25,000-square-metre factory, situated on 12.5 hectares in the Phnom Penh Special Economic Zone on the ...
Customs urged to move online
Customs authorities should work quickly to adopt an envisioned online registration system for cross-border cargo shipments that would expedite delivery and cut out pesky middlemen who tack on unofficial fees, Transport Minister Sun Chanthol said on December 5. “Online registration is important because right now ...
