Economy and commerce
Trade
Vietnam's economic growth dampened by company shutdowns, trade deficit
Vietnam has pulled off an impressive feat this year, bucking a global slowdown trend to post an economic growth of 6.5 percent in the first nine months. But some senior legislators have said the strong growth might not be sustainable, considering the large number of companies ...
Vietnam, Laos border trade agreement passed
The Vietnamese Government has approved the border trade agreement between Vietnam and Laos, which was inked on 27 June 2015 in the central province of Nghe An.The agreement is expected to create a legal basis for boosting bilateral trade in line with the two countries’ ...
Vietnam's small businesses not investing in tech apps, security
Small and medium-sized enterprises (SMEs) in Hanoi are neglecting to use information and technology applications and information security, said Dang Vu Tuan, vice director of Hanoi’s Department for Information and Communications. Tuan said SMEs account for about 95 per cent of the city’s 117,000 enterprises, but only ...
China imports slump 17.7% in September: Customs
Chinese imports slumped by nearly 18 percent year-on-year in September, Customs said on 13 October, in the latest poor figures from the world’s second-largest economy. Keep reading ...
Thailand's NESDB confident in stimulus
The National Economic and Social Development Board (NESDB) remains upbeat that the country’s economy will still manage growth of 2.7-3.2% this year as projected. Keep reading ...
Myanmar's economic growth to pick up again post-election: IMF
Reforms and monetary policy changes in the post-election period would boost slowing growth in Myanmar, said an International Monetary Fund official. Hoe Ee Khor, deputy director for Asia and Pacific at the IMF, said the involvement of the National League for Democracy (NLD) in setting regulations ...
Yangon stock exchange risks opening under US sanctions
Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control. However US officials have clarified that under US law it ...
The biggest winner from TPP trade deal may be Vietnam
Vietnam, whose low-wage economy relies on exports, is likely to be the biggest winner of the Trans-Pacific Partnership that slashes an estimated 18,000 tariffs among the dozen participating countries. In a decade, the country’s gross domestic product will be boosted 11 percent, or $36 billion, as ...
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 ...
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 ...