Economy and commerce
Oil won't affect 2015 budget
Do Hoang Anh Tuan, deputy minister of finance, said reduction in the world crude price to US$36 per barrel in future transactions would not affect budget revenue this year. The budget revenue this year has exceeded the target to reach between VND65 trillion and VND66 trillion ...
Laos eyes more rice sales to China
Laos’ Savannkhet province is looking to increase rice exports to China to more than 10,000 tons a year after the first order for 8,000 tons was received from the Chinese market this year. Laos on 10 December officially exported its first batch of rice to China from ...
Many jobs ‘vulnerable’: UN human development report
The persistence of dangerous and demeaning forms of work remains a major challenge for the Cambodia’s development, according to the UN’s annual Human Development Report (HDR) launched on 14 December by the United Nations Development Programme. Dubbed “Work for Human Development”, the 2015 report finds the Asia-Pacific region home ...
Thailand falls out of auto top 10 in the world
Thailand has dropped from ninth place to 12th in the world ranking of automobile manufacturers as European production has recovered, according to a local industry executive. Thai vehicle exports, on the other hand, remained among the global top 10, said Surapong Paisitpattanapong, vice-president of the Federation of ...
First batch of Lao rice exported to China
Laos on 10 December officially exported its first batch of rice to China, marking the start of rice exportation to China. A ceremony on the event was held in Laos’ southern Savannakhet Province on 10 December. Addressing the ceremony, Lao Minister of Agriculture and Forestry Phet Phomphiphak said ...
Thailand's Tasco earmarks $61.8mln for M&A deals in Vietnam, Indonesia
Tipco Asphalt Pcl, or Tasco, a major asphalt manufacturer in Thailand, plans to acquire five companies in Vietnam and Indonesia for a total of $61.8 million, news website Deal Street Asia reported this week. Keep reading ...
Vietnam looking at $4 billion trade deficit in 2015
Vietnam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said. The trade deficit would account for 2.4 per cent of total exports, much lower than the set ...
ASEAN sets up EU-style free-flow market
The ASEAN Community was officially declared on 8 December by leaders of the 10 member states of ASEAN in a landmark moment promising greater regional integration for the 48-year-old group. The challenge of this association of nations, marked by diversity, can be seen in the words of ...
Thailand leads declines in Asian stocks, Europe opens lower
Most Southeast Asian stock markets traded lower on 8 December, with the Stock Exchange of Thailand posting its biggest one-day decline in two weeks on falling oil prices. The SET index posted the steepest fall in the region with a 1.6% drop, led by oil firm ...
Vietnam health inspectors to check Pepsi, Coca-Cola products
The Ministry of Health has announced its plan to send inspectors to four of the biggest beverage companies in Vietnam, including Pepsi and Coca-Cola, for a thorough check of their products. Keep reading ...
