Economy and industry

The Government has agreed on suspending the collection of the controversial road maintenance fees from motorbike users starting in 2016 after public criticism said the fee was unfair. The decision was reached in a monthly regular cabinet meeting chaired by Prime Minister Nguyen Tan Dung that ...

Mega First Corp Bhd said its 80%-owned power generation unit in Laos, Don Sahong Power Co Ltd, has secured the power purchase agreement for its hydropower project. Keep reading ...

The government is threatening legal action against web activists who launched cyber attacks on state agency websites on Wednesday in a bid to derail the government’s proposal to restrict the flow of online information, causing sporadic disruptions of several government home pages. Keep reading ...

As domestic rice prices increase, cheaper and higher quality rice is now being illegally imported from Thailand, Myanmar rice traders say. Speculation over rice shortages since nationwide flooding in July and August increased transportation costs in some areas, and high production costs for farmers have driven ...

Several Vietnamese garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex). Nghi, speaking at a conference entitled “Garment and Textile – Opportunities and Challenges”, focusing on integration and held ...

Vietnam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects. It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said. Keep reading ...

Vietnam was striving to perfect the market economy and committed to creating the most favourable conditions for foreign investors, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum on 30 September. With improvements in the business climate, infrastructure and the financial markets, Vietnam ...

Only one month after the Ministry of Finance proposed increasing luxury taxes on cars with large engines to up to 75 percent, trade officials now say the maximum tax rate should be raised to 150 percent to restrict the use of expensive, fuel-hungry vehicles.  Keep reading ...

Bangkok Governor MR Sukhumbhand Paribatra has proposed an initiative to ban new car purchases for people who don’t have a place to park their vehicles, as part of a raft of new measures to combat traffic congestion. Keep reading ...

Thailand has slipped one place on the Global Competitiveness Index (GCI) and is now ranked 32nd out of 140 economies analysed in a survey released by the World Economic Forum on 30 September. This year’s results reversed the uptrend that the Kingdom had been on in previous ...