Economy and commerce
Rubber oversupply causes price slump in Laos
As rubber plantations mature and the trees are ready to be tapped, Lao growers stand to face a substantial loss amid a slump in the rubber price on the world market. A respected Lao researcher says poor assessment of the market prior to planting the trees ...
Vietnamese companies favor Laos, US for overseas expansion
Vietnamese companies pledged US$155.4 million for their investment projects in 22 countries and territories around the world in the first half of this year, the Foreign Investment Agency recently reported. The Ministry of Planning and Investment licensed 47 new projects. Keep reading ...
Gold prices unchanged at B18,200
Thailand’s Gold Traders Association have announced buying prices at 17,843.32 baht per baht weight for gold ornaments. Keep reading ...
Cambodian youth fear joblessness
Unemployment is the top worry for Cambodian youth, according to a survey released on 7 August. Almost half – 49 per cent – of 630 people surveyed across the country cited unemployment as their main concern in the survey conducted by the Youth Committee for Unity ...
Overseas Vietnamese granted import tax exemption on used cars
According to a new Government decree, a tax exemption on used cars imported to Vietnam has been given for Viet kieu (Overseas Vietnamese), who are intellectuals, experts and skilled workers. Keep reading ...
Vietnamese Government to create most favourable conditions for Malaysian investors
Vietnam always welcomes and will create the most favourable conditions for Malaysian investors and those from other ASEAN member states to do business in the country, Prime Minister Nguyen Tan Dung affirmed at the dialogue with members of the ASEAN Business Club and Malaysian enterprises ...
Thailand's IEA signs deal for largest ASEAN wind farm in south Laos
Thai renewable company Impact Energy Asia (IEA) plans to build the largest wind farm in ASEAN – and generate 600 megawatts on 400,000 rai in southern Laos – under an agreement signed by the Lao government and the company on 7 August. “Called Monsoon Wind Farm, the US$1.5 ...
Vietnam PM encourages Myanmar to grant licences to Vietnamese banks
Prime Minister Nguyen Tan Dung suggested Myanmar to consider granting licences to the Bank for Investment and Development of Vietnam to open branches in Myanmar. The Prime Minister received Governor of the Central Bank of Myanmar Kyaw Kyaw Maung in Hanoi on 6 August during his ...
Thai PM coy on plans to join TPP
Prime Minister Prayut Chan-o-cha on 7 August poured cold water on a call by an American business lobby group urging Thailand to join the controversial Trans Pacific Partnership (TPP) trade pact. The premier said the pros and cons of the new trade bloc need to be considered ...
CP, ThaiBev line up for Thailand train deals
Charoen Pokphand Group, Thailand’s largest agro-industrial and food conglomorate, will propose a 150-billion-baht investment plan for a high-speed train linking Bangkok, Pattaya and Rayong this month, Transport Minister Prajin Juntong says. Keep reading ...
