Economy and commerce
Investment
PM asks Korea for $10M more to build road
Prime Minister Hun Sen yesterday made a public appeal to the South Korean government for an extra $10 million – on top of $52 million already provided – to complete the second phase of a road project. Keep reading ...
Vietnam seeks private investment for $721 million highway
Prime Minister Nguyen Tan Dung has approved a plan to attract private investment for a highway project in the Mekong Delta with a cost estimate of VND16.34 trillion (US$721 million), the government office said on on 23 March. Keep reading ...
Thailand to go it alone on Thai-Sino high-speed rail
Thailand has decided to wholly invest in the Thai-Sino railway project after it failed to agree in talks with China on the terms of the arrangement which has set back progress for months. Keep reading ...
HAGL launches second phase of Myanmar centre
Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. Keep reading ...
Vietnam threatens to revoke licenses of Trung Nguyen's tourism projects
Authorities in the Central Highlands province of Dak Lak has ordered Trung Nguyen Corporation, one of Vietnam’s largest coffee producers, to speed up construction work on four long-delayed tourism projects, local media reported on 10 March. Trung Nguyen will lose its licenses to develop the projects ...
FMI stock exchange debut set for March 25
First Myanmar Investment will begin selling its shares on the Yangon Stock Exchange on March 25, becoming the first company to list on the country’s first modern bourse, which officially opened last December, according to the Securities and Exchange Commission chair. The local conglomerate which is ...
Challenges lie ahead for Vietnam economic growth
Vietnam has challenges to tackle if it wants to achieve economic targets and deeply integrate into the world’s economy in the context of new trade agreements. Speaking at a seminar held in Ho Chi Minh City on 3 March, Tran Dinh Thien, director of the Vietnam ...
Hai Phong needs to choose investment projects with practical value: President
Vietnam’s Hai Phong needs to have a clear investment mechanism and select projects with practical benefits for both investors and the locality, President Truong Tan Sang said while visiting the northern port city on 1 March. He asked the locality to efficiently utilise investment in infrastructure ...
The first Lao businesswoman in Myanmar
Somsavath Khemsuliyajack is one of the first Lao nationals to set up a business in Myanmar, which is currently one of the hottest investment destinations in the world. Somsavath develops, distributes, and markets cosmetics under the brand name ‘SK Herbal’. SK Herbal’s line of products has ...
Vietnam wants more foreign investors for stock market after bullish year
A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam’s securities market to keep attracting foreign investors this year, a senior official has said. Speaking to news website VnEconomy on 16 February, Vu Bang, chief of the State Securities ...