Economy and commerce
Investment
Myanmar leader begins VN visit
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 ...
Telcotech leads race for undersea cable
Telcotech, a subsidiary of local internet provider Ezecom, announced on October 25 that it is nearing completion of Cambodia’s first submarine fibre-optic cable, which it expects to be operational by early next year. The Malaysia-Cambodia-Thailand submarine cable system will connect the three countries directly and link in ...
Parliament calls for full revenue collection
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 ...
Vietnam among top places for business expansion in Southeast Asia: survey
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 ...
Public debt ceiling to remain at 65%
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 ...
Ministry names 30 environmentally unfriendly projects
The Ministry of Industry and Trade has announced a list of 30 thermal electricity, hydropower, chemical and mining projects that are posing risks to the environment. Among the environmentally unfriendly projects are thermal power plants Thai Binh 1, Vinh Tan 2, Vinh Tan 4, expanded Vinh ...
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
Farmers have date with destiny
A Thai agricultural company will work with a local firm to introduce commercial date palm cultivation to the Kingdom, which it claims can generate more profits for farmers than pepper and other cash crops, and for which it has already lined up buyers. Chiang Mai-based Daily ...
Japanese groups may invest $2 billion into Vietnam real estate
It is rumored that about ten Japanese firms will invest up to US$2 billion in the real estate market in Vietnam, particularly HCM City and Hanoi, in the coming time. Than Thanh Vu, President of Sao Khue, said the information is accurate because recently his company ...
Construction, consultancy firms sign on for Laos-China railway
Five Chinese construction companies and six consultancy firms have been selected for engagement in the Laos-China Railway Project, with construction expected to start in December. Agreements with the companies were signed in Vientiane on October 24 in the presence of Vientiane Mayor Dr Bounchan Sinthavong, Chinese Ambassador ...
