News

US turbulence should steer clear of Vietnam trade

Bilateral trade and investment from the US into Vietnam are expected not to see drastic changes under US President Donald Trump. Michael Sieburg, associate partner at Asia-Pacific marketing strategy consulting firm Solidiance, talked to VIR’s Hong Anh about the impact of the American withdrawal from the ...

President urges LuangPrabang to make full use of potential

President Bounnhang Vorachit has instructed Luang Prabang authorities to make full use of the province’s tourism and agriculture potential to drive development and improve local livelihoods. The president gave the advice at his first stop on a visit to the northern provinces of Luang Prabang and ...

After Thai King Bhumibol's death, succession may be delayed

On October 13, news broke that Thailand’s 88-year-old king, Bhumibol Adulyadej, died after suffering complications from hemiodialysis treatment at Bangkok’s Siriraj hospital. King Bhumibol, the world’s longest reigning monarch, was revered as a demi-god and, for most Thai citizens, was the only monarch they had ...

Vietnam firm eyes transferring sugar mill in Laos

Hoang Anh Gia Lai Group has finally confirmed it is negotiating with Thanh Thanh Cong to transfer its sugar mill in Laos to TTC – both companies are giants in their field, Vietnam’s local media reported this week. TTC is known as the leading player in ...

‘Footloose’ garment sector continues to drive growth

Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...

Development of SMEs, startups allotted B96m

The Commerce Ministry has vowed to spend 96 million baht next year to help develop startups and raise Thai brand awareness in the world market. According to Commerce Minister Apiradi Tantraporn, the ministry is committed to moving ahead with plans to promote Thai small and medium-sized ...

Thailand drops to 34th in competitiveness

Thailand’s ranking in the Global Competitiveness Index 2016-17 has dipped two places to 34th from last year. The report is an annual assessment of the factors driving productivity and prosperity in 138 countries. The degree to which economies are open to international trade in goods ...

Poor quality rice mills limit exports to China

Only the IDP Rice Mill in Savannakhet province is able to produce rice of sufficient quality to meet the standard required by Chinese buyers. There are many rice mills around the country but they are inefficient and the finished product is of low quality. Based on ...

Việt Nam, South Korea want to boost cooperation

Việt Nam and South Korea began the 15th session of the Joint Economic Committee on September 22, with talks focusing on ways to boost cooperation and address pending issues. Deputy minister of Planning and Investment Nguyễn Thế Phương said the two countries had made significant achievements ...

USAID backs MFIs with $10m guarantee

USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...

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