Economy and commerce
ASEAN moving into RCEP
On March 14, experts welcomed recent moves by ASEAN members to agree to cut 90 percent of tariffs in the Regional Comprehensive Economic Partnership for between 5,000 to 6,000 kinds of products over the next 15 years, saying it would fully benefit Cambodia after the ...
Cautious banks to focus on lending quality
Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality. The growth seen in 2017 was higher than the 0.33 per cent growth rate noted in the first ...
IMF calls for growth through stimulus
The International Monetary Fund has recommended that Thai policymakers implement both fiscal and monetary stimuli in order to boost economic growth and steer inflation back to target. The recommendation was made during a visit to Bangkok for Article IV consultations. “The team recommends monetary policy ...
Feed mill to take bite out of growing import demand
Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...
Đà Nẵng tops competitive index
Đà Nẵng maintained its status as the most competitive locality in the country, topping the Provincial Competitiveness Index 2016 for the fourth consecutive year and seventh year at the top position since the rank was announced. The annual report, the 12th of is kind so ...
Vietnamese businesses worry about weak competitiveness
A survey found that only 32 percent of businesses have confidence in the competitiveness of their products, while others are worried about the increased presence of foreign goods. Chu Tien Dung, chair of the HCMC Business Association, said at the meeting between HCMC’s leaders and ...
US investor buys big stake in Vietnamese curcumin company
In early 2017, PHI Group, an investor from the US, unexpectedly announced the purchase of a 51 percent stake of Hoang Minh Chau, called the ‘curcumin King’ of Khoai Chau area in Hung Yen province. The value of the deal remains a secret. Analysts believe that ...
Vietnam channels investment capital to Laos
The Vietnamese government has approved total investment of almost US$21.4 billion, US$5.12 billion of which has been allocated to Laos. The Vietnamese Ministry of Planning and Investment was quoted in the Vietnam News recently as saying that Vietnam had channelled the US$21.4 billion into 1,188 ...
Asia-Pacific transport forum eyes sustainable development
Government officials are confident that the Intergovernmental Tenth Regional Environmentally Sustainable Transport Forum in Asia currently place in Vientiane will help to spur the development of Laos’ transport network. The comment was made by Deputy Prime Minister Somdy Duangdy at the forum’s opening ceremony on ...
CLMV parliaments share public investment experiences
The parliaments of Cambodia, Laos, Myanmar and Viet Nam shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly leader Heng Samrin said the event ...
