Investment

Many newly emerged businesses have been sold to foreign investors as soon as they became better known, and before they could become powerful conglomerates. More than 90 percent of Vietnamese businesses are small and Vietnam does not have large corporations which can act as pillars in ...

More than 300 business people, academia, and speakers from institutes in and out of ASEAN are expected to attend the ASEAN Business and Investment Summit 2016 next month. The number was reported by the Lao National Chamber of Commerce and Industry on August 23. According to LNCCI, ...

The heads of missions of five ASEAN countries based in Dubai met in a networking event for the first time with leaders of their communities on August 22 to discuss future areas of collaboration and cooperation from the Middle East to their home countries. ASEAN was established ...

Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. “Gas prices are more attractive in East Asia than in Europe,” Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. In August, Japan ...

Champassak province farmers will be supported in planting thousands of hectares of cashew nut trees after the provincial Administration Office gave the go ahead for a US$9 million Korean project. Deputy Director of the provincial Agriculture and Forestry Department, Mr Viengsay Sipraphone, told Vientiane Times on ...

Deputy Prime Minister Somkid Jatusripitak expects to propose the transport-system projects to serve the planned East Economic Corridor to the Cabinet in October. “If these projects are proposed to the Cabinet, they will go ahead swiftly, early next year. I’d like to see the East Economic ...

Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady regions. Under the CMP model, a foreign buyer with financial backing and technical expertise will contract a garment factory, usually ...

Building a digital economy will be very important for Vietnam to keep pace with rapid technology developments across the globe, a senior Australian scientist has said.“We are not going to create prosperity purely on hard work. It will be smart work, which is connected to ...

Cambodia once again renewed its support of Timor-Leste becoming the 11th member of ASEAN and a member of the World Trade Organization, according to a statement on August 21. During his visit to Timor-Leste on August 19-20, Prime Minister Hun Sen also said Cambodia would provide ...

Thailand based Siam City Cement Public Company has agreed to purchase a 65% stake in cement manufacturer Holcim Vietnam HVL from French headquartered LafargeHolcim, according to an SCCC statement. HVL currently operates one integrated plant and four grinding plants with an annual cement capacity of 6.3 ...