Economy and commerce
Vietnam aviation market may suffer losses in the medium term
According to the Center of Asia Pacific Aviation (CAPA), the domestic aviation market of Vietnam will suffer losses in the medium term, when the average fares fall because of competition. Keep Reading ...
Cashew prices reach highest in a decade
The local cashew industry has seen a spike in cashew prices, marking a 10 year record high, mostly due to increasing global prices. Keep reading ...
Reththy, Agriculture Ministry continue to squabble
The Ministry of Agriculture has rejected a request from private-sector rubber firms – led by agricultural tycoon Mong Reththy – for a meeting to discuss the floundering fortunes of the nation’s rubber sector, claiming the ministry was busy and was already addressing the issue. The rejection ...
HAGL launches second phase of Myanmar centre
Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. Keep reading ...
Vietnam's textile exporter raises nearly $6.9 million in IPO
State-controlled Gia Dinh Textile and Garment Company has sold more than 15 million shares, equivalent to a stake 24.28 percent, for over VND155.8 billion (US$6.89 million) in an initial public offering. Keep reading ...
Laos, Vietnam eye bilateral trade of US$3 billion by 2020
The Lao and Vietnamese governments agreed on 16 March to increase the two countries’ bilateral import-export turnover to US$3 billion by 2020, the Vietnam News reported on 17 March. The agreement was reached during talks between Prime Minister Thongsing Thammavong and his Vietnamese counterpart Nguyen Tan Dung ...
Dizzying trade deficit to greet Myanmar’s new govt
With figures topping US$5 billion, a widening trade deficit is likely to greet Myanmar’s new government on April 1, says the Ministry of Commerce. According to the ministry, the total trade volume reached $25.7 billion between April 2015 and March of this year. Import volume hovered ...
Japan's Aeon said to near agreement to buy Vietnam's Big C chain
Japan’s Aeon Co. is nearing an agreement to acquire French retailer Casino Guichard-Perrachon SA’s Big C grocery chain in Vietnam, people with knowledge of the matter said. Aeon has emerged as the leading bidder after submitting an offer that values the business at more than $800 ...
Thai revenue department announces corporate tax changes
Thailand’s Revenue Department will increase corporate income tax deductions for depreciation and entertainment expenses to alleviate business operators’ tax burden, according to its chief. The planned adjustment seeks to make deductible expenses better reflect the current situation with the aim of encouraging business operators to pay ...
Cost of petrol dips as price caps take effect
Prices at the pumps dropped on 15 March as Cambodia’s government’s fuel-pricing formula came into effect, with the country’s major petrol retailers advertising regular gasoline at 3,050 riel per litre, premium at 3,150 riel per litre and diesel at 2,700 riel per litre, in accordance ...
