Economy and commerce
Investment
'Bio-economy' to draw Bt400 bn
The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years. Speaking at the signing ceremony for a memorandum of understanding between the public and ...
Laos, China launch plant inspection and quarantine project
Laos will benefit from a new plant inspection and quarantine development project with a feasibility study looking at improving the protection of agriculture and forestry production along the country’s borders. An agreement to implement the project was signed on Friday in Vientiane between the Director ...
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 ...
Lao, Thai companies launch Saravan agribusiness project
The Tripletwo 222 Holding Co., Ltd. under Tripletwo 222 Group of Thailand has teamed up with Bachieng Agriculture Promotion Export-Import Sole Co., Ltd. to establish a large tapioca factory in Saravan province. The project is underway with investors expecting construction to be completed in 2019. ...
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 ...
VN OilGas top list of 500 leading firms
Vietnam Oil and Gas Group topped the list of 500 leading companies announced at a ceremony in Hà Nội on January 19. It was followed by Samsung Electronics Vietnam Co Ltd, Viettel Group, Electricity of Việt Nam, and the Vietnam National Petroleum Group. The annual event, ...
PM underlines new era workforce needs
Việt Nam will focus on developing human resources, science and technology in a bid to keep pace with the fourth industrial revolution, Prime Minister Nguyễn Xuân Phúc said on January 19 at a debate in Davos, Switzerland about the future of production. At the session, ...
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, ...
Logistics firm DSV launches rebranded local branch
Global transport and logistics company DSV announced on January 19 it started operations in Cambodia following its acquisition last year of UTI Worldwide and its office in the Kingdom. DSV acquired UTI Worldwide in January 2016 for a reported $1.35 billion, making it the fourth-largest ...
