Economy and industry

Vietnam Dairy Products JSC is willing to raise foreign ownership in the country’s biggest company by market value to the maximum level the government would allow.   “We want to open the room by the limit allowed by the government because the investment of overseas investors will ...

The aviation industry is calling for a ban on new flights operating through Suvarnabhumi airport to prevent further congestion. The Airline Operators Committee, a coalition of 86 international airlines and 26 aviation service providers operating at Suvarnabhumi, is urging authorities to impose the ban immediately. Keep reading ...

Once the government has earmarked a province for a special economic zone (SEZ), theoretically it means more jobs, higher incomes and a better quality of life. But while residents of Sa Kaeo province are looking forward to their SEZ, they also have questions. Villagers want the new ...

Thailand’s ONYX Hospitality Group has signed an agreement with Vietnam’s HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced on 18 October. Keep reading ...

Many people are smuggled from Vietnam to Cambodia and China to work as prostitutes and forced labor at mines, Ho Sy Tien, director of the Crime Branch Police Department, said.   “Human trafficking has been on the rise and become more sophisticated, with smugglers employing new tricks, ...

“The Philippines is an attractive market without a means to compete,” according to BDO Unibank Inc. president Nestor Tan, expressing worry that Philippine banks are not ready to compete with the bigger banks of neighboring countries with the establishment of the ASEAN Economic Community. Keep reading ...

Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020. Rising incomes have transformed China into ...

The state government says it has identified a new site for their damaged homes, but the remote location and lack of roads has so far prevented them from bringing in the necessary building materials. U Tin Maung Soe, a director in the Chin State government, told ...

Garment workers unions unhappy with next year’s recently announced $140 minimum wage for the sector will meet this week to determine whether or not to hold demonstrations to protest the disappointingly low figure. The unions were pushing for $160 a month when the government announced the ...

The lower three Mekong Countries, Thailand, Cambodia and Vietnam as well as environmental groups, have expressed concern about the Don Sahong dam’s impact on the environment, movement of fish and water quality and flow. The project has yet to be approved by the Mekong River Commission, ...