Economy and industry

The availability of good infrastructure at the national level of ASEAN countries is a prerequisite if they are to benefit from regional economic integration, delegates told a panel at the World Economic Forum on ASEAN on May 11. “Better physical infrastructure development in the country ...

ASEAN leaders at the World Economic Forum said on May 11 they strongly believed that the Fourth Industrial Revolution would spark a new momentum in the region after 50 years of tremendous growth. Prime Minister Hun Sen, who is hosting the WEF on ASEAN, said in his ...

Experts have pointed out that field research results about the Pak Beng hydropower project in Laos are sketchy and do not provide sufficient information. Nguyen Anh Duc, director of the Mekong River Development Assistance Center under the Mekong River Commission of Vietnam, said if the hydropower ...

Textile and garment businesses of Vietnam hold considerable opportunities to sell their products to the European Union via the world’s leading online shopping channel Amazon, foreign experts said at a seminar in Hanoi on May 10. At the event, held by the Vietnam Textile and Apparel ...

Lao prime minister Thongloun Sisoulith and his delegation were on an official visit to Malaysia from Tuesday to May 10 at the invitation of Prime Minister Najib Tun Abdul Razak. This is Thongloun’s first visit to Malaysia since taking the top government post a year ago. His ...

Global Power Synergy, a subsidiary of PTT, plans to set up a factory in Thailand next year to make batteries for electric vehicles, PTT president and chief executive officer Tevin Vongvanich said recently. He said the company’s board visited a battery plant in the US city of ...

A working group on the Eastern Economic Corridor set up by the Cabinet plans to propose to the EEC Committee at the end of this month that it open opportunities for the private sector to join in the development of three infrastructure projects worth a ...

President Bounnhang Vorachit will attend the Belt and Road Forum for International Cooperation taking place from May 14 to 15 in Beijing, while economists say China’s Belt and Road Initiative will benefit the Lao economy.​ The president will lead a high-level delegation from Laos to ...

Southeast Asia’s youthful population is embracing the internet and rapidly connecting to the digital economy, creating enormous potential for economic growth throughout the region, panellists at the World Economic Forum on ASEAN said on May 10. Addressing a panel discussion on “The ASEAN Dream”, Kao ...

Cambodia sits at a crossroads in the ASEAN region, potentially making it a key part of regional economic development and trade flows, though improved infrastructure and more innovative financing approaches are still needed, infrastructure experts meeting in Phnom Penh said on May 10. Speaking at ...