Economy and commerce
Saving Vietnam's floating markets
Amid mighty rivers and dense mangroves, the busy floating markets in Vietnam’s Mekong Delta have long shaped the delta’s well-known “water civilization.” As many as a dozen floating markets still remain along major waterways around the delta, where boats, houses, and markets float upon the ...
Sahapat boosts logistics facilities
Consumer – goods distributor Sahapat will invest around Bt650 million to set up a new central warehouse and data centre as it targets revenue of Bt33 billion this year. The company says it will also come out with new products. Boonchai Chokwatana, chairman of Saha ...
New crisis seen as unlikely, economists say, but caution urged
Economists have urged caution while watching for a continuing recovery, recalling the adage about the frog that died by failing to notice that the pot of water it was sitting in was slowly coming to a boil. “It is almost a consensus among economists that the ...
Vietnam's Vung Ang port vital for shipment of Lao goods
Vietnam has announced it will continue to create favourable conditions for the transit of Lao goods via Vung Ang Port in central Vietnam’s Ha Tinh province. This was relayed by Vietnamese Deputy Minister of Transport Le Dinh Tho to Laos’ Minister of Planning and Investment ...
Exports of breast milk halted
The government on March 20 temporarily banned the export of breast milk from Cambodian women to the US market, citing fears that children’s nutrition may be neglected. The decision to halt exports from Ambrosia Labs – the only company currently collecting Cambodian breast milk to ...
Warning on Vietnamese pork
The public has been warned not to eat pork from Vietnam after an outbreak of a serious disease in pig farms across the border. The Agriculture Ministry’s department of animal health and production is enforcing additional precautionary measures to ensure contaminated pork from Vietnam does ...
Myanmar braces for 30% drop in foreign investment
Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion ...
VN, Netherlands to up agriculture ties
With its knowledge and experience in agriculture, the Netherlands is eager to join hands with Việt Nam to improve the quality and efficiency of its agriculture, a business forum on Agriculture-Innovation in Việt Nam heard in HCM City on Monday. Dutch Vice Minister for Agriculture ...
Industry development level low
Nguyen Chi Sang, director general of the National Research Institute of Mechanical Engineering, speaks to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the need for workable policies. How do you assess our industrial development, particularly in engineering? Looking back at the development ...
Microlender in monster deal
Hong Kong financial giant, The Bank of East Asia and Sri Lanka’s LOLC announced on March 17 that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution by assets, in what could be the largest acquisition of a Cambodian lender to ...
