Economy and commerce

Investors have expressed a lack of confidence in Thailand’s economy because of a decline in exports, the drought-induced expected slowdown in domestic consumption, and the sluggish global economy. Somkiat Anuras, vice chairman of the Thai Chamber of Commerce, said the chamber’s Business Confidence Index was only ...

Step by step, Cambodia and Thailand are edging towards nuclear power generation as the region hunts for vast, stable power sources to fuel rapid development and improve the livelihoods of growing populations. As the debate over nuclear grows, so do the region’s power needs. According to ...

Vietnam cattle feeders spent millions of US dollars importing 311,523 head of Australian young beef calves last year— betting that retail prices for beef on the supermarket shelves had nowhere to go but up. Now the feeders, who buy calves and fatten them for sale to ...

Legal timber exports to Vietnam – the bulk of them rosewood – soared between 2013 and 2015, with the volume of logs exported increasing by a factor of 142 and seven times as much sawn wood passing across the border, according to a report by ...

Viet Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Viet Nam Cashew Association. Viet Nam has been the world’s largest cashew nut exporter for many years, with exports reaching US$2.5 billion last ...

Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...

In what could be Cambodia’s biggest step forward into the ASEAN Economic Community in terms of taxation deals and fiscal transparency, details on Cambodia’s first bilateral double taxation agreement (DTA) with Singapore have been released. Mey Vann, director of financial industry at the Ministry of Economy ...

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...

Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...