Economy and commerce

It has been two months since Vietnam started waiving visa for tourists from Germany, France, the UK, Italy and Spain.   But Ung Phuong Dung, director of Indochina Services Travel Group, told Saigon Times Online that around half of her clients from these five European countries still ...

The Ministry of Finance plans to forgo fines imposed on businesses which were behind their tax due date if their partners, including state agencies, had failed to pay them on time in accordance with contract terms. Keep reading ...

The Erawan shrine bombing in Bangkok cost 64.30 billion baht in lost tourism revenue from 1.33 million visitors and the industry should recover in the fourth quarter of 2015, the Tourism and Sports Ministry told the cabinet meeting on 8 September. Keep reading ...

The cabinet on 8 September approved five tax and financial measures to help some 2 million SMEs as part of its stimulus packages to revive the economy. Deputy Prime Minister Somkid Jatusripitak said the packages should help strengthen existing SMEs and attract new operators with potential. Keep ...

Kings Romans Casino is the centerpiece of the Golden Triangle Special Economic Zone, a 39-square-mile private concession in northwestern Laos, an impoverished communist country of 6.7 million between Thailand and Vietnam. As the name suggests, it is within the Golden Triangle, the area where Thailand, ...

Auto maker Vinaxuki recently announced plans to sell its plant in Hanoi’s Me Linh District to repay its debts amid prolonged losses.   It has laid off most of its employees leaving mainly security guards in a factory that used to employ hundreds of workers and engineers. It ...

Trade between Myanmar and its four neighbouring countries has reached US$2.48 billion (85 billion baht) in the financial year to date, a Myanmar Commerce Ministry official said. Keep reading ...

Five companies have been chosen to import buses for the BRT lite system, according to U Maung Aung, chair of the BRT lite committee. Authorities hope the BRT lite plan will bring order out of the near-chaos of Yangon’s multiple privately owned buses in competition with ...

Laos’ upcoming presidency of the ASEAN could help Russia enhance trade and economic ties with Asia, Sputnik news cited Russian President Vladimir Putin as saying. Keep reading ...

Nearly 100 experts on tourism gathered in a southern town of Laos on 4 September to discuss ways to promote the country’s eco-friendly tourism, a key to boosting its local economy. Under the theme of “Reinforcing sustainable Tourism in Laos,” the one-day workshop held in Pakse, offered ...