Economy and industry
Vietnam finally brings out the axe to deal with delayed FDI projects
Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license. The province refused to give Dewan International Vietnam more time to find money, canceling the ...
Chiang Mai gains from lure of CLMV markets
Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...
Thai-Lao-Vietnamese bus service planned
State-owned Transport Co plans to run its first three-country passenger bus service with Laos and Vietnam following the success of its transnational services. Keep reading ...
Vietnam's mobile game market tops SE Asia, poised to grow
With its revenues estimated at US$83 million last year, Vietnam’s mobile game market is leading Southeast Asia and is likely to grow further, news website VnEconomy has reported. The market accounts for 37 percent of total mobile game revenues in the whole region, according to the ...
Work begins on Vietnam’s highest bridge in Ho Chi Minh City
Ground has been broken for the cable-stayed Phuoc Khanh Bridge in Ho Chi Minh City, the bridge with the highest vertical clearance in Vietnam. The bridge connecting Can Gio District with Dong Nai’s Nhon Trach District will be part of an expressway connecting Long An and ...
Rainsy tells FTU to push for $180
Cambodia National Rescue Party president Sam Rainsy yesterday told unionists that his party supports a minimum wage increase in the Kingdom’s garment industry to $180 per month in 2016. Speaking to more than 100 Free Trade Union (FTU) representatives from about 60 factories at FTU’s headquarters ...
Chinese rare earth metals exchange to pay $6.4bn owed to investors
Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...
Vietnam to seek additional loan for Chinese-built Hanoi elevated railway
The government has decided to seek an additional loan from the Chinese government for a Chinese-built elevated railway project in Hanoi that is becoming infamous for slow progress and ballooning costs. Keep reading ...
Laos and China to build bridge to Thailand as part of railway project
Laos and China will jointly build a bridge linking the Southeast Asian nation with northeastern Thailand as part of a U.S. $7.2 billion high-speed railway project that has been delayed by numerous setbacks for more than four years, a Lao government official said. Officials from both ...
KFC shows how to change Myanmar's eating habits
Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...
