Economy and industry

Viet Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Viet Nam Cashew Association. Viet Nam has been the world’s largest cashew nut exporter for many years, with exports reaching US$2.5 billion last ...

Some 100 people from five villages in Oddar Meanchey’s Chongkal district, Cambodia protested over the weekend against a hydropower dam project built by Chinese firm Sinohydro, claiming they have yet to be compensated for their eventual displacement when the flood gates close in the next ...

The government is pursuing its “Thailand 4.0” project by utilising innovative technology to improve quality of life, productivity and efficiency for all businesses in the nation. The government will also come out with new laws this year related to digitisation, while the Information and Communications Technology Ministry ...

Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...

In what could be Cambodia’s biggest step forward into the ASEAN Economic Community in terms of taxation deals and fiscal transparency, details on Cambodia’s first bilateral double taxation agreement (DTA) with Singapore have been released. Mey Vann, director of financial industry at the Ministry of Economy ...

President of the Lao Federation of Trade Unions, Mr Pan Noymany, highlighted the issue at the 2nd Validation Forum on ASEAN Minimum Labour Standards held in Vientiane on 26 May having reaffirmed its commitment to work with the trade union organisations of ASEAN countries to share experiences ...

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

Betagro group is consolidating six business units into two to allow the agribusiness and food group to play a more prominent role in the regional and world markets. The six old business units were food, swine, poultry, regional, feedmill and animal health. The two new core ...

With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...

Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...