Economy and commerce
Vietnam's fruit and veg exports on track to hit $2 billion this year
Vietnam’s fruit and vegetables are getting more popular overseas with exports growing 26.5 percent annually, local media reported. In the January-September period, the revenue was estimated at over $1.4 billion, up 16.5 percent year-on-year. Keep reading ...
Laos' Luang Prabang set to hit tourist target
Laos’ World Heritage town of Luang Prabang is on target to hit 500,000 visitors by the end of this year after reaching 470,279 in the first nine months. Keep reading ...
Myanmar Central Bank issues directive on customer due diligence
The Central Bank of Myanmar has issued a directive on customer due diligence related to anti-money laundering and the financing of terrorism. All banks and financial institutions licensed by the Central Bank must develop effective frameworks to manage these risks, said the note, issued on 5 ...
CPI Yunnan calculates cost of Myitsone Dam
CPI Yunnan International Power Investment Company has recalculated its spending on the suspended Myitsone hydropower project, and is waiting for the Myanmar government to approve the figure. CPIYN is the majority shareholder in Upstream Ayeyarwady Confluence Basin Hydropower Company, the dam’s developer. The calculation was made in ...
Malaysia mulls over plan to buy electricity from Laos
Laos, Thailand and Malaysia may proceed with a planned cross-border power trade minus Singapore, which had some concerns over the initiative, said Datuk Seri Dr Maximus Ongkili. He said his officers were exploring the possibility for the pilot project, known as the Laos, Thailand, Malaysia, Singapore ...
Vietnam's real estate transactions skyrocket in 9 months
Some 30,000 real estate transactions were recorded in the first nine months of 2015, which was tantamount to the combined figures from last year, as heard at a seminar on housing development in the Mekong Delta city of Can Tho on 7 October. According to Chairman ...
Strengthening Vietnam's domestic production
The rules of origin in FTAs has set high demands that forced Vietnam to consider more active elements of the diversity of markets through restructuring and raising product quality. According to figures from the General Statistics Office, in May 9, 2015, China remains the largest export ...
TPP membership would help Thai exports, banker says
Thailand should consider joining the Trans-Pacific Partnership because it will create collaboration among ASEAN countries, a banker says. On 5 October, 12 countries reached an agreement on trade liberalisation. Four of them are in the ASEAN region. Deja Tulananda, vice executive chairman of Bangkok Bank, said on 7 October that the ...
Hanoi to open industrial clusters in Phu Xuyen District
Phu Xuyen District, Hanoi, will open an industrial zone to attract industries and handicrafts. The Hanoi People’s Committee has issued Decision No. 4989/QD-UBND to establish Phu Tuc Industrial Zone in Phu Xuyen District. The industrial complexes will attract industries and handicrafts suitable for industrial development planning and socio-economic ...
FTI chairman expects GDP growth near 3% on stimulus
The chairman of the Federation of Thai Industries (FTI) is confident that gross domestic product (GDP) will grow by nearly 3 per cent this year from the government’s expected injection of around Bt200 billion into the economy this quarter and the rebound of the tourism sector after ...
