Economy and commerce

Small and medium enterprises (SME)

CA$11.9M initiative to boost ASEAN SMEs

Canada is working with ASEAN to deliver an ambitious five-year, CA$11.9 million initiative through a partnership with the Organisation for Economic Co-operation and Development (OECD) to support small and medium enterprises (SMEs) in the region.Keep reading ...

Industrial park aims for SME segment

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...

SMEs urged to use digital technology

Vietnamese firms, especially small- and medium-sized enterprises, should take advantage of the power of digital technology to boost sales and improve competitiveness, delegates said at a workshop held in HCM City on November 2. Việt Nam has a high growth rate of internet penetration, with ...

Industrial sector says policy details are needed to ensure economic zones grow

Poor infrastructure, low-quality or unreliable electricity supply, water shortages, inadequate transportation links, and ongoing disagreements with local residents affected by zone development are among the most serious problems developing the country’s industrial sector, experts say. But perhaps the biggest problem, they say, is the lack ...

Development of SMEs, startups allotted B96m

The Commerce Ministry has vowed to spend 96 million baht next year to help develop startups and raise Thai brand awareness in the world market. According to Commerce Minister Apiradi Tantraporn, the ministry is committed to moving ahead with plans to promote Thai small and medium-sized ...

World Bank funds environmental protection projects

The Environment Protection Fund and the World Bank recently provided funding for the second phase of four environmental and social protection sub-projects in Laos at a cost of more than US$4 million. The first sub-project named Capacity Building for Pollution Control, Waste and Hazardous Chemicals Management ...

Push for more investment in CLMV

Despite the strong economic growth of Cambodia, Laos, Myanmar and Vietnam, very few Thai companies have sought to capitalise on their economies, say government and industry officials. The Industry Ministry’s Department of Industry Promotion found only a few large enterprises such as PTT Plc, the ...

Jack Ma wants to ship Thai farm exports

Prime Minister Prayut Chan-o-cha has asked Jack Ma to support Thai small and medium-sized enterprises as the Alibaba Group’s founder wants the country to export farm products to China and ASEAN through the group. Referring to their meeting in Hangzhou in the night of September ...

Government pledges zero tolerance to corruption

Cabinet members discussed several draft laws in the spirit of building a constructive government with zero tolerance toward corruption during the first two days of the Government’s monthly meeting, according to Minister-Chairman of the Government Office Mai Tien Dung. The minister said at a press conference ...

Poverty solutions prove challenging

Rural development and poverty eradication in Laos could face many challenges in the coming years before getting better in the long term, according to the National Committee for Rural Development and Poverty Eradication. The challenges include unexpected developments and the fact that regional and international integration ...

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