Economy and commerce

The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry specialists said during a conference in Phnom Penh on November 2. Robert Elliott, CEO of Manulife, said during a panel discussion that rising ...

The 13-member “Forward Cabinet” will meet with the heads of state agencies and private sector representatives to gather inputs for the “Triangle of Stability, Prosperity, and Sustainability” development project on November 2. The project is aimed at elevating three districts in the southern border provinces into ...

While welcoming the government’s decision to subsidise the rice trade by another Bt20 billion, paddy growers and analysts on November 1 said the move might be too little and short-term to tackle problems in the entire system.The Rice Policy Management Committee on November 1 increased its budget ...

The second session of the National Assembly on November 1 continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of public investment loans as well as public debt management during 2016-2020. Finance Minister Đinh Tiến Dũng presented a ...

The recently concluded eighth BRICS summit in Goa, India on October 15-16 saw a range of unprecedented outcomes and engagements. One of the biggest highlights among them was the BRICS-BIMSTEC Outreach Summit, where the BRICS leaders met the heads of government of the BIMSTEC countries. ...

With the free trade agreement between Vietnam and EAEU (Eurasian Economic Union) having taken effect, many Vietnamese export items now enjoy a zero percent tariff. However, it will be not an easy task to boost exports. According to Trinh Thi Thu Hien from the Ministry of ...

Prime Minister Thongloun Sisoulith told the National Assembly that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The prime minister on October 31 responded to questions raised by Assembly members about stimulus measures and policies the ...

Laos and China have reaffirmed their commitment to further strengthen cooperation in the maintenance of security along their shared border with the signing of a new agreement. The agreement was signed by the Head of the National Boundary Committee Office of the Ministry of Foreign ...

Three Mandalay Region development projects approved under the previous government are being reconsidered under the National League for Democracy administration. The projects are temporarily stalled while experts study potential negative impacts on the local environment and the public, officials have noted. Organising committees have been formed ...

The HCM City Fine Arts and Woodworking Association predicted that Vietnam may reach $7.6 billion from timber and wooden exports in 2016, an increase of 10 percent compared to 2015. Meanwhile, experts have repeatedly warned of the danger of falling behind other regional countries. Vietnam urged to ...