Economy and commerce

For the last ten years, the State Bank of Vietnam has said it would restructure its operations. The government has instructed SBV to continue the plan on restructuring the banking system in 2016-2020. But the restructuring has not been implemented, though SBV once drew up a ...

Air fares in Asia-Pacific are expected to fall by 1.1% next year against a 2.5% rise in global rates seen in the period. The most significant drops in the region are expected to take place in Japan and Singapore, by 2.8% and 5.5%, respectively, given ...

ASEAN agriculture experts plan to work together towards the sustainable development of the food and agriculture sectors after holding talks on the issue. The Ministry of Agriculture and Forestry’s Director General of the Agriculture Department, Mr Vilaysouk Khennavong, said “the sustainable development of the food and ...

Prime Minister Prayut Chan-o-cha is urging European and Asian countries to jointly combat economic and environmental problems. Thailand currently chairs the Group of 77, an intergovernmental organisation consisting of 134 developing nations which aim to jointly develop their economies. Though the G-77 members have increased ...

The Ministry of Planning and Investment has proposed the prime minister to approve the investment plan of the $311.9 million seaport and industrial park complex invested by a consortium of three foreign investors in Quang Yen town of the northern province of Quang Ninh, Vietnam. According ...

Credit life insurance is a concept that dates back centuries but is still new to the Cambodian market. More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their ...

With Laos’ electricity generation set to reach 10,000MW by 2020, the country is continuing to negotiate with neighbouring countries to increase the volume of electricity exports. According to the Ministry of Energy and Mines on 15 July, Laos will hold talks with Myanmar on electricity cooperation ...

The government Savings Bank, Krungthai Bank and the Bank for Agriculture and Agricultural Cooperatives expect 3 million to 5 million low-income earners will sign up for state welfare when registration opens from tomorrow to August 15. Those eligible are Thai citizens aged 18 years and ...

Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry. On July 7, French company Lectra announced the opening of its subsidiary Lectra Vietnam. “Vietnam is one of the most dynamic ...

Speaking to Vientiane Times on 13 July, Chairman of the Champassak Provincial SEZ Authority Mr Khamphon Nuansengsy said that his authority conducted a survey recently and found that many more Lao people wanted to return to work in their hometown as long as jobs were available. In the ...