Economy and commerce

Vietnam has reached an inflection point in its economic development and needs to look for new models, the World Bank says. In a report it released on Wednesday, ‘Vibrant Vietnam: Forging the Foundation of a High-Income Economy’, the WB said domestic and foreign business environments in Vietnam are ...

About 1 million people may lose their jobs in Myanmar’s fisheries industry, with almost all exports ceasing since February as the spread of Covid-19 prompted major buyers, led by China and the U.S., to halt orders. Processing plants wouldn’t have been able to deliver anyway, as ...

Moody’s Investors Service says Cambodia has strong fiscal buffers to counter disruptions to trade and growth arising from the COVID-19 pandemic. In a statement released in Singapore Friday, the US credit rating agency said slowdowns in China, the EU and the US would deter Cambodia’s growth ...

Cambodia, Laos, Myanmar and Vietnam have detected far fewer coronavirus cases than their more advanced Southeast Asian neighbors, but their economies are taking a beating all the same, potentially forcing a rethink of their development models down the road. Analysts at Maybank Kim Eng expect the ...

n this time of uncertainty, one thing about Covid-19 is clear. This pandemic will lead to a sharp and unprecedented decline in Cambodian economic productivity. And the industrial and service sectors will be the hardest hit.  In response to the pandemic and to the economic crisis ...

Thai Airways International (THAI) is headed for bankruptcy court to pave the way for a much-needed rehabilitation for the octogenarian, near moribund national carrier, which in its glory days operated under the smug “Smooth as Silk” logo. Thai Prime Minister Prayut Chan-ocha’s Cabinet approved the plan ...

The Cambodian government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russia’s help for a Eurasian Economic Union (EAEU) free trade agreement, local media reported. The Cambodian Ministry of Commerce’s Secretary of State Tek Reth Kamrong said during her recent meeting with Russian Ambassador to Cambodia ...

According to the Asian Development Bank (ADB), Vietnam’s economy has shown strong growth in 2019, as a result of high domestic demand, a strong manufacturing and processing industry, and high Foreign Direct Investment (FDI). The second outbreak of COVID-19 in March started a new phase in the fight against the pandemic, severely ...

13 to 16 April was Pi Mai, the Lao national holiday that welcomes in the Buddhist new year. Usually characterised by festive gatherings, water fights and the consumption of large quantities of Beer Lao, this year it was quiet and subdued, as the country of seven million entered ...

Vietnam has reported few new coronavirus cases every day since mid-April. Now schools are reopening, smaller restaurants are back in business and traffic jams are forming again in the financial center, Ho Chi Minh City, as commuters head to work.  The Southeast Asian country has controlled its coronavirus caseload at ...