Economy and commerce
Trade
Laos registers trade surplus in first quarter
Laos has registered a US$95 million trade surplus in the first quarter of 2017 following an historic trade surplus over the 2015-2016 fiscal year, the government told the National Assembly this week. Officially-recorded export over 2017’s first three months was valued at US$1,212 million, while ...
Major deals signed as Vietnam PM visits
Laos and Vietnam have inked deals worth multi-millions of US dollars during a two-day official visit by Vietnam’s Prime Minister Nguyen Xuan Phuc from April 26-27 that concludes today. The bilateral agreements were signed by respective high ranking officials of both sides in Vientiane yesterday, ...
Innovative products in focus as SCG mulls new investments in EEC
Siam Cement Group is studying expanding in the Eastern Economic Corridor through three core businesses – petrochemicals, packaging, and building materials – with the focus on innovative products. “We are looking at the incentives and the infrastructure around the project before making a decision on ...
How can the ‘pavement economy’ contribute to the national economy?
The expansion of the ‘clearing pavement campaign’ in Hanoi and HCMC means fewer vending stalls in the cities. But the informal economy in Vietnam has existed for decades. Van, a girl from Mekong Delta, has been selling grilled corn for the last 10 years in HCMC. Her ...
Kayin State to develop farming, livestock sectors
Kayin State is giving its farming and livestock stocks a big boost this year, implementing the three main strategies implemented in every region and state, according to the Department of Agriculture. Dr Ye Yint Tun, the department’s director-general, said the first strategy was setting up ...
Slack paddy trading in NPT
There is a slowdown in the paddy market in Nay Pyi Taw, with prices remaining stagnant since late last year. Ko Myo Lin Aung, a paddy stocker from Pyinmana township, said the price was stuck at over K500,000 per 100 baskets. “Some get K520,000 at ...
Garment exports grow despite hurdles
The domestic garment industry has faced many challenges in exporting to key markets, such as the European Union and the United States, but it still has a chance of achieving its export target this year, according to experts. First quarter figures appear to support this expectation. ...
Việt Nam, Cambodia agree on measures to boost ties
Prime Minister Nguyễn Xuân Phúc and his Cambodian counterpart Samdech Techo Hun Sen on April 25 agreed on several measures to strengthen multi-faceted relations between the two countries. PM Hun Sen said he considered the Vietnamese leader’s official visit as having historical significance, with the two ...
‘Many accomplices’ involved in sperm smuggling amid unanswered questions
Many accomplices are involved in the sperm smuggling that was detected at a border checkpoint last week, the Health Service Support Department said. “There are at least three to four suspects involved already – two sperm owners, the person who picked up their sperm, the ...
ASEAN urged to use arbitral ruling in code of conduct framework
Former Foreign Secretary Albert del Rosario on Tuesday urged the Association of Southeast Asian Nations to invoke the arbitral tribunal ruling that invalidated China’s expansive claims in the South China Sea in crafting a planned code of conduct in the disputed waters. The Permanent Court ...