Economy and commerce

Vietnam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress. The Resolution, approved and made public at the ...

The Thai stock and bond markets are expected to witness new investment inflows in the short term following the Bank of Japan’s decisions on 29 January, said TMB research. “Expectations run high that other central banks in Asia including the People Bank of China and Bank ...

Cambodian entrepreneurs and business leaders on 30 January stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. At the 2nd Global Alumni Convention – a forum that brings together Cambodian graduates who studied ...

Vietnam’s gross domestic product (GDP) will likely grow 6.82 per cent this year, 0.12 percentage points higher than that predicted by the National Assembly last November in its resolution on the socio-economic development plan for 2016, the Centre Institute of Economic Management (CIEM) said on ...

Thailand’s Finance Ministry trimmed its economic growth forecast for this year to 3.7% from 3.8% and sharply cut its export estimate as global demand slows, a senior ministry official said on 28 January. But growth this year would be supported by government investment and economic stimulus, Krisada ...

Thailand is set to team up with the Japan External Trade Organization (Jetro) and ASEAN members to push forward the Made in ASEAN initiative, making certain products to the same quality standards. Keep reading ...

Thai rice exports are expected to have another difficult year as the world market is likely to be volatile amid foreign exchange and oil price risks, according to exporters. Charoen Laothammatas, president of the Thai Rice Exporters Association, said the association projected shipments would slip to 9 ...

As foreign investment will remain strong this year, both manufacturing and construction sectors in Vietnam will see positive growth, helping the economy rise 6.9 percent, according to a new Standard Chartered Bank report.   It will be the second highest growth in Asia, after India, the London-headquartered ...

Foreign direct investment (FDI) in Vietnam rose impressively by 101.2 per cent to more than US$1.33 billion in January of this year, according to the Foreign Investment Agency. Up to 127 new foreign-invested projects, worth more than $1 billion, were licensed as of January 20, surging ...

In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million. In a statement released on ...