Economy and commerce
Thai Government sets rubber price limit at B45
The Thai government plans to buy rubber from farmers at a purchase price not exceeding 45 baht per kg. The projected price is about 15 baht lower than the set price demanded by groups of rubber farmers who are calling for 60 baht per kg, roughly ...
AEC could provide 14.5% more jobs for Vietnam by 2025: ILO
Vietnam’s participation in the ASEAN Economic Community (AEC) will create 14.5 per cent more jobs by 2025, the International Labour Organisation (ILO) found in a survey. Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep said at a workshop on 13 January in Hanoi that ...
No bounce in Luang Namtha rubber price
The rubber price in Luang Namtha province has fallen continually since 2013 causing a large number of growers to plant other crops instead. The rubber price in the province is currently 3,000-3,500 kip per kilogramme, down from 4,000-4,500 kip per kg over the past year, an ...
Banks to issue more loans despite lower rates
Despite the fact that the Bank of the Laos recently declared a lower interest rate for deposits and loans, many banks in Laos believe the number of depositors and borrowers will not decrease in the years to come. ACLEDA Bank Lao Ltd. is one of several ...
Thai exports to China facing another fall
China’s economic slowdown continues to hurt Thai exports, with shipments to the country expected to contract for the third straight year in 2016. Aat Pisanwanich, director of the Center for International Trade Studies under the University of the Thai Chamber of Commerce (UTCC), said Thai exports to China ...
India trade with Cambodia, Laos, Myanmar and Vietnam has potential
India’s trade relation with Cambodia, Laos, Myanmar and Vietnam (CLMV) countries has immense potential, and “connectivity” and “economic integration” with regional value chains were crucial in this regard, Union Minister Nirmala Sitharaman said on 12 January. Keep reading ...
Vietnam shares end three-day decline
Vietnamese shares rose on both local markets yesterday, snapping a three-day decline, led by large-cap stocks. The benchmark Vietnam Index on the Ho Chi Minh Stock Exchange rose 1.2 per cent to close at 564.26 points. The southern index dropped 2.9 per cent in the previous ...
SMEs need support to benefit from free trade pacts
Vietnam’s domestic small and medium sized enterprises need close co-operation from public offices in getting information about regulations of free trade agreements for getting more benefits from the agreements. This was suggested by experts at an Asia-Pacific Economic Cooperation (APEC) public-private dialogue. Keep reading ...
Casino tax receipts up 33 pct in 2015: government
The government collected $34.7 million in taxes from Cambodia’s 63 licensed casinos in 2015, a 33 per cent increase over the previous year, a Ministry of Economy and Finance official said on 12 January. Ros Phirun, deputy director of the ministry’s Finance Industry department, attributed the ...
Vietnam battles to balance State budget
Vietnam Minister of Finance Dinh Tien Dung said in an interview on VTV on 10 January that one of the key tasks that his ministry will fulfil this year is to balance the state budget. Dung said it was projected that in 2016 the crude oil price ...
