Industries
Progress made on SEZ in Luang Prabang
The developer of a US$1.2 billion special economic zone in Luang Prabang province is in the process of demarcating the project site and building an access road. The project, which is being developed by the Phousy Group, will comprise an area of 4,850 hectares in ...
Oudomxay eyes development of tourist sites
About 100 tourist sites in Oudomxay province await development so that visitors can fully enjoy them in comfort. The Oudomxay Tourism Office says there are 106 officially designated tourist sites in the province. An official at the office, Mr Van Mingboupha, told Vientiane Times on ...
Thailand's expanding state 'threatens future growth'
Expansion of creaking rail system may put economy on the wrong track, critics say. Thailand is banking on its state-owned enterprises to spearhead economic growth in 2017 through massive investments in infrastructure. The push has brought one of the kingdom’s biggest and oldest SOEs, the State ...
Wasted lands hinder local development
Several construction projects in Hà Nội have been delayed for years, wasting land and hindering the city’s land management process while other social security constructions remain in need of space. Seven of the 28 constructions projects in Quốc Oai District are waiting to be implemented ...
Tax cut planned for low-cost housing purchases
The government is planning to drastically reduce the taxes it levies when people purchase state-commissioned low-cost housing, which developers say puts many units out of reach for ordinary buyers. Union Planning and Finance Minister U Kyaw Win, in a speech to developers and business leaders ...
Japan’s Shinwa Group kicks off ASEAN expansion push in Thailand
Japanese property firm Shinwa Group plans to expand its investment in ASEAN between now and 2019, targeting revenue from overseas sales to reach Bt10 billion by that year. The group launched its foray into the ASEAN market last year, announcing its first investment in Thailand, ...
Fish farm project on the table
A Chinese firm and its local partner have floated a proposal for a $100 million aquaculture project in Cambodia that would include fish farms, a feed mill and a fish processing plant. Representatives of China Ocean Fishing Holding Ltd and local holding company Khmer Holding ...
Urban FMCG market rising as rural market sees lower growth
2016’s GDP reaching 6.21 per cent fell short of the target of 6.5 per cent but CPI was controlled at 2.67 per cent, lower than the targeted 3-4 per cent. Retail sales of consumer goods also maintained double digit growth, at 10 per cent on ...
Veunkham becomes a local border between Laos and Cambodia
Veunkham-Dong Kralor border between Laos and Cambodia in Champassak province’s Khong district has updated its services and will operate as a local border crossing. This border is located in Veunkham village, about five kilometres from Nongnokheane-Trapeang Kriel International Checkpoint between Laos-Cambodia that officially opened last ...
Nong Or development project to commence construction
The Nong Or project to develop a tourism site in Sikhottabong district, Vientiane will commence construction in the near future after a project design model was selected recently. The project is now awaiting approval from the Vientiane authorities after the developer, Kanghua Investment Co., Ltd, ...
