Economy and commerce
Laos, Thailand seek cooperation on SEZs
Laos and Thailand are seeking bilateral cooperation at special and specific economic zones along the border of the two countries. Laos’ National Committee for Special Economic Zones and Thailand’s Policy Committee on Special Economic Zone Development are preparing to sign a memorandum of understanding to inaugurate ...
Vietnam index drops to below 600 points amid devaluation fear
The Vietnam Stock Index or VN-Index slumped for four straight days amid currency devaluation fear, closing at 589.03 points on 14 August. According to stock experts, the decisions of China’s central bank to devalue the Chinese yuan and the decision of Vietnam’s central bank to widen the exchange ...
Global markets: South-east Asia's currencies are plunging like its 1998
Four years ago, a dollar fetched just over 8,500 Indonesian rupiah, and just under three Malaysian ringgit. Today a dollar is worth nearly 14,000 rupiah and almost four ringgit. Both currencies hit 17-year lows this summer, and kept falling (see chart). In Asia the rupiah and ...
India must focus on expanding banks network in Cambodia, Laos, Myanmar and Vietnam
Expansion of Indian banks network in CLMV – Cambodia, Laos, Myanmar and Vietnam- countries would help in enhancing trade and investment relations with these nations, a report has suggested. The Commerce and Industry Ministry report – “India’s Strategy for Economic Integration with CLMV” was prepared by think ...
Thailand's public debt drops to 42% of GDP
Thailand’s public debt fell slightly to 42.36% of gross domestic product, or 5.68 trillion baht, on June 30, according to the Finance Ministry. At the end of May, the figure was 5.69 trillion baht, or 42.58% of GDP. Keep reading ...
Thailand's ready-to-eat food prices skyrocket
Prices of ready-to-eat meals, or fast foods, have soared 5-20 baht per dish across Thailand, with prices in the South increasing the most, a survey has found. Keep reading ...
Vietnam’s growth earns kudos in US
Vietnam continues to grow as a manufacturing hub, climbing to first place on Cushman & Wakefield’s 2014 Growth Index, a ranking of the top 15 manufacturing locations by growth in emerging markets. Keep reading ...
Organising Vietnamese - Japanese second high-level dialogue on agriculture
The Ministry of Agriculture and Rural Development in coordination with Japanese Ministry of Agriculture, Forestry and Fisheries held the second high-level dialogue on agricultural development cooperation in Hanoi on 12 August. At the dialogue, Minister of Agriculture and Rural Development Cao Duc Phat called on the ...
Customs red tape costs Vietnamese traders $10 billion a year: expert
Vietnam can help traders save US$10 billion every year by simplifying its customs procedures, which are now very time-consuming and complicated, an expert from a think tank has said. Nguyen Dinh Cung, head of the Central Institute for Economic Management, told an online conference on Tuesday that customs ...
China's currency devaluation could spark 'tidal wave of deflation'
China’s devaluation of the yuan has sent shockwaves through global markets. Edwards, of the bank Société Générale, argues that as well as creating a challenge for China’s Asian rivals, by making its exports more competitive, a cheaper yuan will send “a tidal wave of deflation” breaking ...
