Investment

PetroVietnam Power Corporation (PV Power), a subsidiary of state-owned energy giant PetroVietnam, will sell 49 per cent of its stake later this year, with priority given to strategic investors.The corporation is going ahead with the equitisation process, and its initial public offering (IPO) is planned ...

After three years of uncertainty surrounding China’s ambitious Belt and Road Initiative (BRI), the highly anticipated Belt and Road Forum (BRF) was finally held in May 2017 in Beijing. But India, Beijing’s most populous neighbour, was conspicuous in its absence.Despite earlier concerns over a lukewarm ...

Gen Prayut Chan-o-cha will use his special power as the junta chief to speed up the long-delayed Thai-Chinese railway project. He insisted his planned issuance of the all-powerful Section 44 of the interim charter to clear legal hurdles in the Thai-Sino rail project is not ...

A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or ...

Trade value between Laos and China’s south-western Yunnan province has reached US$1.37 billion, making up 40 percent of the total trade between the two nations.Speaking at the opening ceremony of the 2017 South and Southeast Asia Commodities Expo and Investment Fair (SSAECIF) on Monday, Deputy ...

The Department of Irrigation under the Ministry of Agriculture and Forestry has agreed with China’s Hunan Construction Engineering Group No. 2 Company on a feasibility study of the Nam Khu irrigation project in Pakkading district, Borikhamxay province.A Memorandum of Understanding was signed in Vientiane on ...

Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following ...

Established in 2008, the Sihanoukville Special Economic Zone is Cambodia’s largest special economic zone in terms of size and occupancy, covering 1,113 hectares with over 100 tenants and a 16,000-strong workforce. Developed and co-operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and ...

Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...

The government of Federal Republic of Germany has agreed to provide grant aid of over 423 billion kip (EUR 45.8 million) for sustainable economic development, rural development and natural resources management in Laos.The financial and technical support by the German government extended to the Lao ...