Economy and industry
US investor buys big stake in Vietnamese curcumin company
In early 2017, PHI Group, an investor from the US, unexpectedly announced the purchase of a 51 percent stake of Hoang Minh Chau, called the ‘curcumin King’ of Khoai Chau area in Hung Yen province. The value of the deal remains a secret. Analysts believe that ...
Vietnam channels investment capital to Laos
The Vietnamese government has approved total investment of almost US$21.4 billion, US$5.12 billion of which has been allocated to Laos. The Vietnamese Ministry of Planning and Investment was quoted in the Vietnam News recently as saying that Vietnam had channelled the US$21.4 billion into 1,188 ...
Asia-Pacific transport forum eyes sustainable development
Government officials are confident that the Intergovernmental Tenth Regional Environmentally Sustainable Transport Forum in Asia currently place in Vientiane will help to spur the development of Laos’ transport network. The comment was made by Deputy Prime Minister Somdy Duangdy at the forum’s opening ceremony on ...
Water supply officials assess benefits of management project
Waterworks officials evaluated the management of water supply operation on Friday at the terminal evaluation of a project to improve management in the sector. The evaluation was conducted at the 5th Joint Coordination Committee Meeting, which assessed JICA’s technical cooperation Capacity Development Project for Improvement ...
CLMV parliaments share public investment experiences
The parliaments of Cambodia, Laos, Myanmar and Viet Nam shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly leader Heng Samrin said the event ...
High-speed trains to accelerate towards bids
Bidding on construction of the Bangkok-Rayong high-speed train is expected to take place this year as part of efforts to jump-start the Eastern Economic Corridor, the government’s flagship project for Thailand 4.0. Deputy Prime Minister Somkid Jatusripitak said the terms of reference for the project will ...
ASEAN members reaffirm 90% tariff cuts under RCEP
ASEAN members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership, over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister ...
Workers to be sent for S Korean fishing industry
Myanmar plans to send workers for the fishing industry in South Korea as there is a demand for labour in that sector, said U Thein Win, director of the Migration Affairs Department under the Ministry of Labour, Immigration and Population. “We find our workers are joining ...
Employers seek delay in garment pay reform
Plans to pay garment workers twice a month will be difficult for employers to implement, industry representatives have warned. The Labor Ministry is amending laws so companies will be required to pay staff twice a month, in a bid to protect workers from being abandoned by ...
Quảng Nam struggles to hire doctors
The central province of Quảng Nam is struggling to recruit doctors for public hospitals and clinics because of low pay and tough working conditions. At the General Hospital in the tourist hotspot of Hội An City, there are not enough doctors to serve local patients, ...
