News
PM urges Hòa Bình to improve investment environment
Prime Minister Nguyễn Xuân Phúc has urged the northern province of Hòa Bình to improve its investment environment so it can attract investors. Addressing a local investment promotion conference on November 19, the Prime Minister said Hòa Bình enjoys many advantages, such as its location ...
State spending trusted to boost GDP
Despite muted sentiment in the fourth quarter, the government is highly confident the economy could end this year with an estimated growth of 3.2-3.3%. Deputy Prime Minister Somkid Jatusripitak said accelerated state spending on infrastructure projects and growing tourism will shore up economic growth in ...
Three Thai airlines face CAAT clampdown
Three Thai-registered airlines are experiencing a financial crunch after their operations were severely affected by a sharp drop in Chinese tourists. The Civil Aviation Authority of Thailand ordered the three airlines to devise financial rehabilitation plans in response. The number of tourists from mainland China to ...
Seaport complex licensed in Quảng Ninh
A US$300 million project, consisting of a seaport and industrial park at the Đầm Nhà Mạc area in Quảng Yên town in the northern province of Quảng Ninh, was granted an operating licence on November 18. Investors of the project are the CDC Corporation, headquartered in ...
Amended investment law offers tax incentives, shortens concession period
Amendments to the Investment Promotion Law offer more tax incentives and shorter investment concession periods in a bid to attract more investors while ensuring closer scrutiny of their operations. A draft amendment to the law, which was passed by the National Assembly last week, shortens ...
Steel firm mulls factory in SSEZ
A Chinese steel company is in talks with Sihanoukville Special Economic Zone to set up an industrial facility in the zone, a marketing executive said on November 19. Gu Xia, section chief of SSEZ’s marketing department, said the Chinese company was currently reviewing the land ...
Government speeds up EEC projects
The government vows to rev up construction of planned development projects under the Eastern Economic Corridor, which it hopes will form a new engine to drive economic growth. Prime Minister Prayut Chan-o-cha, who chaired meeting of the Committee for Special Development Policy in Special Economic ...
Govt to help rice farmers tap online channels
The Commerce Ministry will help farmers sell their rice directly to consumers in Thailand and abroad via social media and other online as well as offline channels. This is part of a bid to reduce dependence on middlemen as domestic paddy prices hit a 10-year low. ...
ASEAN, Japan further enhance defence cooperation
ASEAN and Japanese defence ministers have agreed to further enhance their cooperation on politics, security, economics, and socio-cultural affairs. As a result of positive relations in these areas to date, Japan has become one of the most important dialogue partners and supporters of ASEAN. Lao ...
Cambodia's labour ministry praises Trump's pledge to kill TPP
In the wake of Donald Trump’s surprise win in the US presidential election on November 9, Labour Ministry spokesman Heng Sour said on November 10 that the president-elect’s campaign promise to pull out of the Trans-Pacific Partnership trade deal would restore the Cambodian garment sector’s competitiveness ...
