Economy and commerce
Investment
Somkid: Exports take back seat to local work
The Thai government is focused on stimulating the domestic economy and promoting community-based enterprises in the first half of the year as the global economic recovery appears set to remain sluggish. Deputy Prime Minister Somkid Jatusripitak said on 5 January at a cabinet meeting that in light ...
Facing budget hurdle, Vietnam turns to private investors for transport projects
Vietnamese Prime Minister Nguyen Tan Dung has ordered the transport ministry to create more favorable policies to attract private investment into public infrastructure projects, saying the government’s financial resources are limited. The state budget cannot be spent extravagantly, and sovereign bonds cannot be issued excessively or ...
Vietnam weakens dong fixing as it adopts market-based rate
The State Bank of Vietnam reduced the dong’s reference rate for the first time since August, after saying over the weekend that it is moving to a more market-based methodology in setting a daily reference rate versus the dollar. It lowered the fixing by 0.03 percent ...
Vietnam adds flesh to regulatory bones to court more investment
Vietnam has issued detailed regulations for foreign investors in 17 business sectors in a drive to improve the investment climate of a fast-growing country blighted by bureaucracy, but now seeing record inflows of foreign capital. The new list of sectors specifies foreign investment ratios, the scope ...
Vietnam lists 17 sectors open for foreign investment
The Vietnamese government has published a list of 17 business sectors that are open to foreign investors, with some conditions, in a bid to improve the investment environment following this year’s record inflow of foreign capital. Until now, Vietnam – often criticized for a lack of ...
Vietnam's currency drops to limit of trading band for first time
Vietnam’s dong fell to the limit of its current trading band for the first time, reflecting further pressure to weaken after three devaluations already this year. The currency fell as much as 0.07 percent to 22,547 per dollar in Hanoi, diverging from the State Bank of ...
Starbucks opens doors in airport
The long-awaited Starbucks coffee chain opened its doors to passengers on 22 December in the Phnom Penh International Airport’s new terminal. Keep reading ...
Mekong area needs $3.8b for projects
The Cuu Long (Mekong) Delta region will need more than VND86.3 trillion (US$3.83 billion) in the 2016-20 period to develop key infrastructure projects to fuel its economic growth, according to the Ministry of Transport. Around VND65 trillion ($2.8 billion) of the total funding will go to ...
Devaluation risk rises in Vietnam
Vietnam’s dong fell toward the brink of its permitted trading range as a ban on interest payments on US dollar deposits held onshore failed to cool speculation the currency is poised for its fourth devaluation in a year. The State Bank of Vietnam cut the dollar ...
Thailand's Tasco earmarks $61.8mln for M&A deals in Vietnam, Indonesia
Tipco Asphalt Pcl, or Tasco, a major asphalt manufacturer in Thailand, plans to acquire five companies in Vietnam and Indonesia for a total of $61.8 million, news website Deal Street Asia reported this week. Keep reading ...
