Economy and industry

Officials bid to increase South Korean investment

A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, on 29 June in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector. The Cambodian delegates briefed more than 80 Korean investors in attendance on ...

Vietnam stock exchange to be based in HCM city

“The Vietnam Stock Exchange to be based in HCM City is within the Government’s goal of quickly turning HCM City into the country’s largest financial center,” Tran Dac Sinh, Chairman of the Management Board of the HCM City Stock Exchange, told business news site Bizlive. As ...

Observers urge Govt to create new export markets, boost trade volume

A recent World Bank report says that trade growth in Myanmar could reduce poverty and boost prosperity, but local observers say in order for that to happen the government must implement economic policies that increase export markets. The Myanmar Diagnostic Trade Integration Study released last week by the ...

Worker traffic accidents down in ’16

The number of traffic accidents involving workers is down 28 per cent in the first six months of 2016 compared to the same period last year, Cambodia’s Ministry of Labour’s National Social Security Fund reported on 28 June. Accidents for 2016 through June totalled 2,259, with 2,849 ...

Garment industry moves to weather possible Brexit influence

Vietnam’s garment-textile industry has already taking possible Brexit influence into accounts while conjuring up measures to weather its possible negative impacts. Vietnam’s garment exports to the EU account for approximately 20 percent of the total volume with the UK contributing around 4 percent. Vu Duc Giang, Chairman ...

Address ageing issues now, World Bank urges

Thailand’s economy will continue growing and the pace could pick up if the country properly addresses future challenges including its rapidly greying population, according to the World Bank. The Bank’s 2016 economic forecast for Thailand was raised from the 2.2-per-cent growth estimated six months ago to ...

New restrictions aim to curb rice imports

Cambodia’s Ministry of Economy and Finance announced on 27 June that the government will block all illegal rice imports at its borders and limit legal rice shipments from Vietnam based on production cost. As part of the new regime, only milled rice with a production cost of ...

ILO to research migrant workers’ challenges, assets

The International Labour Organization will conduct research into the experiences that Myanmar migrant workers have faced abroad and how the country benefits after they return home, according to the UN agency. The research will start next month in locations that send the most labourers abroad – ...

Proposed Taiwan megaproject in Ha Tinh needs PM approval

Taiwanese firm Wei Yu Engineering’s US$2.5-billion investment proposal in Ha Tinh Province must be approved by the Prime Minister, not the provincial government, said an official. Tran Tu Anh, director of Ha Tinh Department of Planning and Investment, told Dan Tri news website last week that ...

Hoping for upgrade on trafficking rank

Thailand has said its battle against modern forms of slavery has netted a lot of “big fish” in human trafficking syndicates, including senior government officials. Given this, the country is hopeful of being upgraded in coming days from the lowest rank in the United States’ ...

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