Economy and industry

The Lao Fresh Meats factory at Sivilay village in Naxaithong district, Vientiane, a Hungarian government assistance project, aims to boost food safety standards for domestic supply and export. Recently, the Ministry of Agriculture and Forestry received the first phase support of a Tied Aid Loan ...

Bokeo provincial authorities are focusing on the inspection of petrol stations and petrol import companies after finding that different petrol operators are operating without licenses. Some 73 other petrol stations have been found operating with only 40 of those stations licensed. To manage petrol imports into the ...

Thailand’s Ministry of Commerce sees further potential for trade and investment between Thailand and CLMV (Cambodia, Laos, Myanmar, Vietnam) countries. The remark came after it was revealed that trade between Thailand and CLMV from January was Bt353.31 billion, up 1.74 per cent on the same period ...

Officials have started to assess properties in Oddar Meanchey that will be flooded by an under construction dam, though the affected villagers remain in the dark about possible compensation. Eight officers from the Ministry of Finance and the province’s water resources department were in Chongkal district’s ...

The International Monetary Fund called on policy makers in Thailand to cut interest rates in the face of a sluggish economy and low inflation, an approach that the central bank says isn’t necessary. Thailand needs expansionary fiscal and monetary policies to help spur an economy that’s ...

The State budget every year funnels big money into national scientific research projects, but discoveries by scientists seem to have little significance in the eyes of businesses. Nguyen Huy Van, Deputy general director of Traphaco, a pharmacy firm, commented: “Scientists only show their initial ideas.” In other ...

The Myanmar Investment Commission (MIC) was reshuffled on 7 June to include 11 new members, the President’s Office announced on 8 June. Kyaw Win, Minister of National Planning and Finance, was appointed chairman, and Than Myint, Minister of Commerce, was appointed vice chairman. Aung Naing Oo, former secretary ...

Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General Department of Agriculture on 7 June. Rice exports in the first five months of this year totaled 234,328 tonnes, compared ...

Netherlands-based Royal FrieslandCampina, the producer of Foremost dairy products, plans to make Thailand its Asean export hub. The company expects income from Asia to be contributing half of its total revenue globally within five years, chief executive officer Roelof Joosten said on 7 June. He said Thailand ...

The Ministry of Industry and Trade will, in June, inspect the Việt Nam Chemical Group and Ninh Bình Fertiliser Plant, a member company of Vinachem. The Ninh Bình Nitrogenous Fertiliser Plant has faced numerous difficulties in technology with regard to production of nitrogenous fertiliser from coal ...