Economy and commerce
Vietnam's fast rising property market leaves hard times behind
Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world’s tallest skyscrapers and buyers snapping up new projects fast. The speed of the market’s ...
China manufacturing index hits two-year low: survey
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey has showed, the latest data suggesting the world’s second-largest economy faces challenges in the third quarter. The final reading of Caixin’s Purchasing Managers’ Index came in at 47.8 for ...
Foreigners flee Thai stocks
Foreign investors are selling Thai stocks at the fastest pace this year as the nation’s military government struggles to deliver on pledges to revive economic growth. Overseas funds unloaded a net $774 million of Thai shares in July as the benchmark Stock Exchange of Thailand Index ...
Vietnamese workforce optimistic about ASEAN common market, survey shows
Up to 92 percent of Vietnamese professionals see the establishment of the regional ASEAN Economic Community (AEC) as a good opportunity to develop their career, according to a recent survey conducted by recruitment firm VietnamWorks. As many as 52 percent of the respondents believe they will ...
Over US$180 million invested at That Luang Marsh project, Laos
Over US$180 million has been spent so far on building infrastructure facilities and condos at That Luang Marsh Specific Economic Zone (SEZ) in Vientiane, officials in charge of the project have said. Construction began in December 2012, with the US$1.6 billion project being developed as a ...
7-Eleven to invade Vietnam
Japanese retail giant Seven & i Holdings Co said it has decided to open 7-Eleven convenience stores in Vietnam, where convenience store users are expected to increase with economic growth. Keep reading ...
Megaprojects biggest risk seen
Fund managers estimate the Stock Exchange of Thailand index will hover between 1,350 and 1,559 points this year, with public investment in infrastructure projects the biggest risk factor. The big question is whether the government will be able to invest in infrastructure projects as planned, said ...
Post-coup Thailand sees economic slump putting pressure on junta
Thailand’s government is under increasing pressure to overhaul the cabinet and bolster the economy as falling exports, eroding consumer confidence and a slump in manufacturing portend one of the region’s slowest expansions. The finance ministry has cut its forecasts for exports and gross domestic product growth ...
Cambodia nearing lower-middle income
Cambodia is expected to reach a GDP per capita of $1,220 this year, putting it on course to being a lower-middle income economy, said Commerce Minister Sun Chanthol. Based on a Ministry of Economy and Finance projection, the figure will be a jump from the 2014 ...
Vietnam strives to improve its trade statistics for ASEAN
Vietnam will strive to become one of ASEAN’s top five nations in international trade statistics by 2017. This is part of a plan for Vietnam’s integration into the ASEAN Statistics system in the 2016-20 period, as approved by Prime Minister Nguyen Tan Dung. According to the plan’s general targets ...
