Economy and commerce

The Vietnamese government on 27 July agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said. The market will be constructed on 1.5 ...

Investment is starting to flow into the government’s planned special economic zones with 39 projects worth 7.2 billion baht applying for promotional privileges from the Board of Investment. The Special Economic Zone Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, on 27 July acknowledged the investment ...

The country posted a trade surplus of nearly US$1.8 billion in the first seven months of this year, according to the General Statistics Office. GSO experts attributed the surplus to a rise in export values, while import revenues declined. The nation’s export turnover during the period ...

Laos and Singapore are pledging to work together to promote trade and investment between the two countries after their trade volume climbed to US$72.5 million in 2015. As of 2016, investment from Singapore stood at US$187 million, ranking the country in eleventh place among all foreign ...

The area covered by palm oil plantations worldwide could double without damaging protected areas or sensitive forests, Austrian researchers said on Tuesday (July 26).Researchers from the Austria-based International Institute for Applied Systems Analysis (IIASA) studied satellite maps from South-east Asia, Africa and Latin America to ...

Police in the central province of Thanh Hoa seized 18 frozen bear legs transported aboard a bus by its driver without a license Tuesday.The limbs, weighing 38 kilograms in all, were identified as belonging to red-listed sun bears, news website VnExpress said.Dinh Hong Phuong, 47, ...

Vietnam has great advantages for agricultural production, but in the last 10 years, domestic enterprises have been focusing on the services sector and abandoning the field. The 2015 Business Annual Report released by the Vietnam Chamber of Commerce and Industry recently showed a very low proportion ...

Obesity has reached alarming levels in the Asean Economic Community and especially in Thailand, where 32 per cent of the population are overweight, pushing the country into second place in terms of prevalence of obesity after Malaysia at 44 per cent and ahead of Singapore ...

Prime Minister Thongloun Sisoulith has called for ASEAN nations to remain united, play a stronger role within the region, and stay true to ASEAN’s principles. Mr Thongloun made the call during his opening remarks at the 49th Asean Foreign Ministers’ Meeting held in Vientiane on 24 ...

Ruralco has been ordered to halt live exports to Vietnam after the federal government raised concerns over animal control and traceability in the southeast Asian country. The Department of Agriculture and Water Resources has directed Ruralco live export business Frontier to cease supply of feeder and ...