Economy and commerce
Trade
State support for 70,000 SMEs
Deputy Prime Minister Somkid Jatusripitak has set a target of supporting 70,000 small and medium-sized enterprises (SMEs) next year. The goal includes helping to create 10,000 start-ups. Among the 70,000, 50,000 are healthy but need some help from the government to expand, while 10,000 are in ...
Vietnam scraps ceiling rate on corporate dollar deposits
Vietnam’s central bank said late on 27 September it was abolishing the interest rate ceiling on dollar deposits offered by banks to organisations and companies, in an attempt to avoid dollar hoarding. Keep reading ...
Thai exports slide again in August, but still trade surplus
Exports continued to slide in August, down by 6.69% year-on-year, resulting in a contraction of 4.92% over the eight-month period. Keep reading ...
Vietnam launches $1-million fund for startup incubators
The Ministry of Science and Technology on Friday announced a 1-million-euro (US$1.12 million) fund for Vietnamese incubators of tech startups, local media reported. Keep reading ...
China imports threaten traditional Vietnam festival masks
Vu Thi Thoan’s family has been making papier mache masks, part of traditional Vietnamese celebrations for the mid-autumn festival, for over four decades. But cheap Chinese toys are threatening her business. The mid-autumn festival, which falls on 27 September with the full moon, is Vietnam’s equivalent of ...
Hanoi to open Vietnamese Goods Week 2015 programme on 27 September
Vietnamese Goods Week 2015 will be held on 27 September in Hanoi, Ho Chi Minh City and Da Nang to raise public awareness of Vietnamese goods as well as their competitiveness. Accordingly, Vietnamese Goods Week 2015 will organise an exhibition at the Giang Vo Exhibition center ...
Thailand prioritises border trade
The Thai government is revving up efforts to tackle hurdles to border trade as it aims to achieve 1.5 trillion baht worth of cross-border business this year. Commerce Minister Apiradi Tantraporn, who chaired a panel handling border trade and investment promotion, said the priority is to facilitate ...
Vietnam to see September inflation lowest in 15 years
Vietnam is expected to see September inflation rate lowest in the past 15 years, according to General Statistics Office on 24 September. Specifically, the country’s Consumer Price Index, the main gauge of inflation, is estimated to decrease by 0.21 percent in September compared to the previous ...
New terms for year's seventh rice auction
Authorities have pledged to closely supervise the government’s next auction of rice stockpiles to limit any negative effect on domestic prices and protect the reputation of Thai rice. Duangporn Rodphaya, director-general of the Foreign Trade Department, said provincial officials were expected to complete the inspection ...
Vietnam draft decree on sea freight transparency worries foreign shipping lines
Several foreign logistics companies have expressed concern about a proposed government decree requiring shipping companies to publicize their freight tariffs to protect exporters and importers, the media reported 21 September. Switzerland-based MSC, French-owned CMA-GM, and Singaporean-owned APL-NOL voiced their opinion through London-headquartered law firm Freshfields Bruckhaus ...