Economy and commerce
Trade
ASEAN figure out improvements to statistical systems
The Sixth Session of the ASEAN Community Statistical System Committee on November 1 opened in Vientiane to discuss ways to improve the statistical systems used by the committee. The meeting was attended by Minister of Planning and Investment Dr Souphanh Keomixay, Head of the Lao Statistics Bureau ...
‘Forward Cabinet’ meets to resolve problems in southern border provinces
The 13-member “Forward Cabinet” will meet with the heads of state agencies and private sector representatives to gather inputs for the “Triangle of Stability, Prosperity, and Sustainability” development project on November 2. The project is aimed at elevating three districts in the southern border provinces into ...
Additional Bt20 billion rice boost ‘may not be enough’
While welcoming the government’s decision to subsidise the rice trade by another Bt20 billion, paddy growers and analysts on November 1 said the move might be too little and short-term to tackle problems in the entire system.The Rice Policy Management Committee on November 1 increased its budget ...
Public debt near red line: NA deputies
The second session of the National Assembly on November 1 continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of public investment loans as well as public debt management during 2016-2020. Finance Minister Đinh Tiến Dũng presented a ...
Goa summit could be the turning point for BIMSTEC
The recently concluded eighth BRICS summit in Goa, India on October 15-16 saw a range of unprecedented outcomes and engagements. One of the biggest highlights among them was the BRICS-BIMSTEC Outreach Summit, where the BRICS leaders met the heads of government of the BIMSTEC countries. ...
Can Vietnam take full advantage of preferences in VN-EAEU FTA?
With the free trade agreement between Vietnam and EAEU (Eurasian Economic Union) having taken effect, many Vietnamese export items now enjoy a zero percent tariff. However, it will be not an easy task to boost exports. According to Trinh Thi Thu Hien from the Ministry of ...
PM reveals measures to bolster economic growth
Prime Minister Thongloun Sisoulith told the National Assembly that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The prime minister on October 31 responded to questions raised by Assembly members about stimulus measures and policies the ...
Laos, China agree to strengthen border security
Laos and China have reaffirmed their commitment to further strengthen cooperation in the maintenance of security along their shared border with the signing of a new agreement. The agreement was signed by the Head of the National Boundary Committee Office of the Ministry of Foreign ...
Wooden furniture manufacturers beg for support
The HCM City Fine Arts and Woodworking Association predicted that Vietnam may reach $7.6 billion from timber and wooden exports in 2016, an increase of 10 percent compared to 2015. Meanwhile, experts have repeatedly warned of the danger of falling behind other regional countries. Vietnam urged to ...
Minister vows action against out-of-date, contaminated foods
Action has been and will continue to be taken to prevent the sale of out-of-date and contaminated foods as well as the provision of unfair services that continue to surface, a minister told the National Assembly recently. Minister of Industry and Commerce, Ms Khemmani Pholsena, ...
