Economy and industry

A new draft Prime Ministerial Decision plans to make all government investment project costs and technical specification estimations subject to Ministry of Public Works oversight. According to the draft decision, only the relevant authority within the Ministry of Public Works and Transport will be able ...

New requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to ...

Laos and Cambodia plan to continue to foster their deep, longstanding and traditional friendship, relations and solidarity. The two countries’ leaders made their intentions clear during a two-day state visit to the Kingdom of Cambodia by President Bounnhang Vorachit. President Bounnhang visited Cambodia from February ...

U.S. President Donald Trump’s decision to revive plans for the controversial Keystone XL oil pipeline could spur Thai energy giant PTT to resume development of an oil sands project in the Canadian province of Alberta, the state-owned company’s chief executive said Wednesday. Just after taking ...

As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic ...

Yangon Region Chief Minister U Phyo Min Thein said that the regional government will launch the Yangon New City project in Kyeemyindaing township, but firms involved in the Yangon Southwest New City were not informed about the new plan. A similar plan was initiated by the ...

Nghe An authorities presented eight investment certificates and signed 15 memorandums on investment with total capital pledges of US$1 billion at a meeting with investors in the north-central province on February 19.​ This annual event was held by Nghe An in coordination with the Bank ...

According to official figures from the Ministry of Commerce, trade volume reached US$23 billion until the end of January in this fiscal year. The ministry has set the target trade volume to be $31 billion, therefore the ministry will continue trying to achieve its target ...

Renewable energy, especially wind power, is believed to be the solution to Vietnam’s increasingly high demand for power. Fifty wind power projects have been registered in Vietnam so far, but only four of them, with the total capacity of 159.2 MW, have been put into commercial ...

The volume of freshwater on canals in the Mekong Delta has decreased quickly, while saline intrusion has begun in many areas. Kien Giang has 200 kilometers of coastline. The sea is only several kilometers from production areas and the province’s central areas such as Rach Gia ...