Economy and commerce

Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license.    The province refused to give Dewan International Vietnam more time to find money, canceling the ...

Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...

With its revenues estimated at US$83 million last year, Vietnam’s mobile game market is leading Southeast Asia and is likely to grow further, news website VnEconomy has reported.   The market accounts for 37 percent of total mobile game revenues in the whole region, according to the ...

Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...

Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...

Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...

A local developer is proposing to the Lao government to convert BM Plaza into a specific economic zone in order to facilitate business operations and attract more investment, trade and tourism through the single window service. Representatives from BM Group yesterday met with officials from the ...

Vietnam’s securities regulator is planning new measures to lure more foreign investors to the stock market.   The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period, and force listed companies to release information in both Vietnamese and ...

The arrest of several Chinese buyers for tax evasion and the weakening Chinese economy is hurting trade with Myanmar’s largest rice export market, said U Soe Tun, vice chair of the Myanmar Rice Federation. China is the destination for over half of Myanmar’s rice exports. This ...

Vietnamese businesses should be well prepared emotionally and physically to tap opportunities from the ASEAN Trade in Goods Agreement, experts have said at a dialogue. Chairman of the Vietnam Association of Small and Medium Enterprises, Cao Sy Kiem, said the 10 ASEAN countries created a production ...