News
5 Vietnamese arrested for stealing in Thailand: report
Thai police have arrested four men and one woman, all Vietnamese nationals, for allegedly stealing 4,000 baht (US$110.6) in cash from local tourist shops, news website The Nation reported on 3 January. Keep reading ...
Chinese vessel sank fishing boat in Vietnamese waters: authorities
Border guards in Quang Tri Province have confirmed that a Chinese steel fishing vessel rammed and sank a Vietnamese fishing boat off Quang Tri, VTC News reported. Senior Lieutenant Colonel Nguyen Huy Tho of the Quang Tri Border Guard Command said the sinking occurred around 40 ...
Vietnam weakens dong fixing as it adopts market-based rate
The State Bank of Vietnam reduced the dong’s reference rate for the first time since August, after saying over the weekend that it is moving to a more market-based methodology in setting a daily reference rate versus the dollar. It lowered the fixing by 0.03 percent ...
What is the value of the Mekong river?
Putting a value on the Mekong River and measuring the impact it has on the gross domestic product (GDP) of downstream countries has for a long time been a strategic target of bureaucrats and non-governmental organizations seeking to measure and protect the world’s twelfth longest ...
Laos-Japan economic zone to benefit local community
The new specific economic zone (SEZ) being developed through cooperation between Laos and Japan should bring economic and other benefits to the government, local administrations and people by being a model on transparency of investment. Relevant officials made the comments about the project recently on the ...
SE Asia stocks: most markets set for losses in 2015, Vietnam outperforms
Southeast Asian stock markets ended down in thin trade on 31 December as investors stayed away ahead of holidays, with all markets posting losses in 2015 except for Vietnam. Singapore’s key Straits Times Index dipped 0.1 percent in mixed trade, with losses in most big caps offsetting gains in several blue ...
Red tape holds back Saigon canal boat tour: report
The operator of the only canal tour in Ho Chi Minh City has said that it is still building toilets and other tourist facilities and, in the meantime, cannot receive more than a hundred visitors a day. Phan Xuan Anh, chairman of tour operator Saigon Boat, ...
Softer loans won't quicken Vietnam coffee replanting
Cheaper credit extended to Vietnamese coffee growers for replanting part of the world’s biggest robusta production will not accelerate the process that has already been hindered by lengthy paperwork, traders and analysts said on 31 December. Vietnam aims to replace old coffee trees, now accounting for ...
Sugar posts 1st gain in 5 years as El Nino ends surplus
After four bitter years, sugar mills can look forward to sweeter prospects in 2016. Prices have rebounded 50% since reaching a seven-year low in August. Raw-sugar futures traded in New York posted a 5% gain for the year, their first annual advance since 2010. The market ...
Cambodians filling majority of hotel rooms this New Year’s
As the year-end festivities get into high gear, provincial tourism officials are reporting a sharp increase in Cambodians travelling to popular holiday spots across the country to ring in the New Year. The temple town of Siem Reap this year is seeing an increase in hotel ...
