Economy and commerce
Trade
7 more bears saved from Vietnamese farms
Animal rights activists on 22 September rescued seven bears from farms in northern Vietnam in their efforts to save the animal from the local bear bile extraction industry. Members of a Hong Kong-based animal welfare group brought the bears to Vietnam’s biggest bear sanctuary at Tam Dao National ...
Permanant border crossing planned from Phayao to Laos
Ban Huak temporary border checkpoint in Phayao province’s Phu Sang border district will be upgraded to permanent status next year to boost trade and investment with Khop district in Sayaboury province of Laos. Waradisorn Onnut, chief of Phu Sang district, said on 23 September that preparations ...
Vietnam to lose $77 million of tax revenue each year due to free trade pacts
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties. Keep reading ...
KBZ and Microsoft sign tech deal
Microsoft has signed an agreement with Kanbawza (KBZ) Group of Companies, which the US company calls its largest IT tie-up in Myanmar to date. The multi-year corporate agreement represents a significant commitment to the Myanmar market, even as some investors employ wait-and-see attitudes around the question ...
Myanmar grants more firms to invest this month
Myanmar Investment Commission (MIC) has granted 17 local and foreign firms to make investment in the country this month, sources with commission said on 22 September. Keep reading ...
E-commerce makes great contribution to Vietnam's growth
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to Vietnam`s socio-economic growth. A new general plan for the next five years, to be released by the Ministry of Trade, was discussed at the seminar “Policies for ...
E-commerce makes great contribution to Vietnam's growth
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to Vietnam`s socio-economic growth. A new general plan for the next five years, to be released by the Ministry of Trade, was discussed at the seminar “Policies for ...
ADB cuts growth forecast
The Asian Development Bank (ADB) cut its two-year growth forecast for the region on 22 September, amid a slow recovery in major industrial economies and weaker prospects for China and India. The Manila-based bank said developing Asia’s gross domestic product (GDP) growth is expected to slow ...
Myanmar's economy risks overheating: IMF
Myanmar’s economy is showing strong signs of overheating and has become increasingly vulnerable over the past 12 months amid rising macroeconomic imbalances, according to the International Monetary Fund (IMF). An expansionary budget and limited monetary policy tools will see inflation at 13 percent by year-end, the ...
Festive period likely to boost rice prices
Rice prices are forecast to increase by as much as 10% late this year and early next year thanks to year-end festive celebrations and lower supply. Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association, said rice prices were likely to rise by 8-10% ...
