Economy and commerce
Mekong countries discuss measures to boost region's development
Leaders of the five Mekong countries discussed measures to promote cooperation and make the region more dynamic and competitive at the two summits that convened in Hanoi on October 26. The capital is hosting both the 8th Cambodia-Laos-Myanmar-Vietnam Summit and the 7th Ayeyawady-Chao Phraya-Mekong Economic Cooperation ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...
Govt seeks to increase bank deposits to 84 percent of GDP
The government has announced its intention to increase deposits in commercial banks to 84 percent of Gross Domestic Product by 2020, up from the 57 percent expected in 2016, in a bid to meet growing development needs. Governor of the Bank of the Lao PDR, Mr. ...
Trade deal to reduce tariffs with Vietnam
Cambodia and Vietnam inked an agreement on October 26 to drop import tariffs on dozens of products in an effort to boost bilateral trade. Cambodian Commerce Minister Pan Sorasak signed a memorandum of understanding with Vietnamese Minister of Trade and Industry Tran Tuan Anh ahead of the ...
Locals want a disruptive dam project in Northern Myanmar terminated once and for all
It has now been five years since the Myitsone Dam project in Northern Myanmar was suspended, but a local ethnic Kachin man, Mung Ra, is still not satisfied. He wishes that the project had been entirely terminated. He frequently laments the loss of his farm and ...
Southeast Asia’s last major undammed river in crisis
China has suspended dams upstream of the Salween but the Myanmar government is pushing ahead with Chinese backed dams downstream, despite environmental costs and cheaper alternatives. From the snow-capped mountains of Tibet, the Salween rushes through steep gorges in Yunnan Province and flows through four of ...
PM: harness the Mekong region's economic power
The Greater Mekong Sub-region has the potential to become a major global production center due to its favorable geographical location and its proximity to economic powerhouses in both Southeast and South Asia, Prime Minister Hun Sen said on October 25. Speaking in Hanoi at the opening ...
Optimism for pharma sector
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, as well as its potential in 2016-17. This information was released in a survey alongside the top 10 most prestigious pharmaceutical companies in the country by the Ministry of Information and Communications and Việt ...
Myanmar leader begins VN visit
Myanmar President Htin Kyaw and his wife Su Su Lwin arrived in Hà Nội on October 25 for a visit to Việt Nam at the invitation of President Trần Đại Quang. The three-day visit starting on October 26 aims to seek stronger co-operation between the two countries, especially ...
Telcotech leads race for undersea cable
Telcotech, a subsidiary of local internet provider Ezecom, announced on October 25 that it is nearing completion of Cambodia’s first submarine fibre-optic cable, which it expects to be operational by early next year. The Malaysia-Cambodia-Thailand submarine cable system will connect the three countries directly and link in ...
