Economy and industry

HCM City to help firms join Samsung’s global supply chain

HCM City is ready to work with Samsung to boost the capacity of local enterprises in support industry, said Nguyễn Thiện Nhân, Secretary of the municipal Party Committee.Keep reading ...

Uproar over new labour law

The private sector says local companies, particularly small and medium-sized enterprises, are likely to be hurt by the new Royal Decree on Recruitment of Foreigners, as the tighter law with massive fines for employers could cut SMEs’ competitive advantage at a time when the economy has ...

Funds needed for hi-tech agriculture

Agricultural productivity and quality should be increased by investing more in innovation and strengthening links between all stakeholders, including farmers, enterprises and research institutes, experts say. At a seminar held in Hà Nội on Tuesday, they also said that access to land, capital and markets were ...

Laos-Thailand railway extension construction back on track

Construction of the Laos-Thailand railway extension linking the existing outer suburban station to central Vientiane is expected to begin at year’s end or early next year after the project was suspended in 2011. Deputy Director General of the Lao Railway Department under the Ministry of ...

EAEU-Việt Nam Free Trade Area and opportunities discussed in Russia

A roundtable discussion on “The Free Trade Area between the Eurasian Economic Union (EAEU) and Việt Nam: New Opportunities for Business” took place in Moscow on Tuesday, inspired by the upcoming visit of President Trần Đại Quang to Russia.The event was organised by the Russian ...

Remote communities benefiting from poverty reduction efforts

World Bank and the Swiss Development Cooperation (SDC) recently agreed to provide funds to support Laos in implementing the third phase of a programme involving 350 infrastructure improvement projects. The third phase of the Poverty Reduction Fund (PRF) programme, which is running from 2017-2019, is ...

Thailand plans to sign electricity accord with Laos and Malaysia

Thailand is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting. Energy Ministry permanent secretary Areepong Bhoocha-Oom said the agreement would pave the way for the Laos-Thailand-Malaysia electricity deal, enabling the Asean Power Grid to ...

Cassava prices hit a new low

Cassava prices in Cambodia experienced a sharp drop this month leading to heavy losses for smallholder farmers unable to quickly switch to more profitable crops and recoup their mounting losses, a provincial agriculture official said yesterday.Faced with low prices of around 144 riel ($0.035) per ...

Japan's Daiwa to buy into Myanmar internet provider

Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the ...

US initiates anti-dumping investigation on VN’s polyester

he US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Việt Nam.These investigations are based on petitions filed by DAK Americas ...

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