Investment

As foreign investment will remain strong this year, both manufacturing and construction sectors in Vietnam will see positive growth, helping the economy rise 6.9 percent, according to a new Standard Chartered Bank report.   It will be the second highest growth in Asia, after India, the London-headquartered ...

Foreign direct investment (FDI) in Vietnam rose impressively by 101.2 per cent to more than US$1.33 billion in January of this year, according to the Foreign Investment Agency. Up to 127 new foreign-invested projects, worth more than $1 billion, were licensed as of January 20, surging ...

In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million. In a statement released on ...

Myanmar’s Union Parliament approved on 22 January the draft Condominium Law to allow 40-per-cent foreign ownership. Under the law, foreigners can buy up to 40 per cent of condominium units. Keep reading   ...

Vientiane Planning and Investment Department signed an agreement, last week, with two private companies to develop the Nong-Or zone in Sikhottabong district, Vientiane, into a tourist site. Vientiane Times reported that the Vientiane Planning and Investment Department concluded a Memorandum of Understanding for the project on ...

A Vietnamese government minister has warned that the country must immediately reform its political system if it does not want to be left behind.   Minister of Planning and Investment Bui Quang Vinh told the National Party Congress on 22 January that Doi Moi (Renovation), the economic reforms ...

Chinese solar companies are looking for opportunities in Thailand as an alternative growth destination to China, where the renewable power market has reached saturation point, according to BMI Research. Thailand is emerging as an attractive destination for renewable energy investment as the government looks to reduce the country’s reliance ...

The Vietnam government has decided to transfer a major industrial park in the Mekong Delta province of Tien Giang to the local authority after its manager, PetroVietnam’s construction subsidiary PVC, failed to attract investors.    After acquiring Soai Rap Industrial Park, Tien Giang will find investors to fill ...

India is eyeing the huge opportunities in Cambodia, Laos, Myanmar and Vietnam (CLMV) and wants Indian financial institutes to establish branches in the region to boost trade and investment between the two sides. Addressing the third India – CLMV Business Conclave held last week at the ...

The Walt Disney Company has denied it planned to build a Disneyland in Laos, Khaosod reported. “We continually look for ways to grow our business and as part of that process we have conversations with many different entities,” a US-based company representative said in an email ...