Government

With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...

The government has announced its intention to increase deposits in commercial banks to 84 percent of Gross Domestic Product by 2020, up from the 57 percent expected in 2016, in a bid to meet growing development needs. Governor of the Bank of the Lao PDR, Mr. ...

National Assembly deputies spent the whole day on October 25 trying to iron out their differences over the draft Law on Associations. All agreed that the right to establish associations was one of the fundamental rights of citizens provided by the Constitution. However, some deputies said ...

Việt Nam and Thailand will work closely with each other and with international organisations to use and manage Mekong river water resources efficiently to ensure the interests of the river basin nations. That was agreed by Prime Minister Nguyễn Xuân Phúc and Thailand’s Deputy Prime Minister ...

The cabinet on October 25 approved a 17.5-billion-baht budget for 74,655 Village Funds across the country at 250,000 baht each for local development. The move is a fresh bid to boost the rural economy, prevent people from borrowing from loan sharks and maintain the country’s ...

Myanmar President Htin Kyaw and his wife Su Su Lwin arrived in Hà Nội on October 25 for a visit to Việt Nam at the invitation of President Trần Đại Quang. The three-day visit starting on October 26 aims to seek stronger co-operation between the two countries, especially ...

A report issued by the Ministry of Agriculture for the first nine months of this year showed a dramatic decline in government revenue from the fisheries sector, while providing incomplete information on revenue from other agricultural sectors. The report, issued earlier this month and published in ...

National Assembly members have called for the government to do more to seek new revenue sources and fully collect revenue following last fiscal year’s revenue shortfall despite there being numerous income generating sources. Members of parliament put forward the requirement when debating the government’s proposal to ...

With competitive labor cost, the country only comes after Singapore in terms of attractiveness. In the Southeast Asia region, Singapore tops the list of most favorable expansion destinations for Asian companies, with 32 percent of respondents saying they will invest more, followed by Vietnam, according ...

The government will not lift the public debt ceiling but will tighten its financial discipline to develop enterprises and further attract social investment to create the resources needed for reform and socioeconomic development. Lifting the ceiling would affect the country’s loan repayment capacity, Deputy Prime Minister ...