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What does Industry 4.0 hold for Vietnam?

HCM CITY – The Fourth Industrial Revolution will create great challenges but also opportunities for Vietnam to take off, a seminar heard in HCM City on Sunday. Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart […]

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Indonesia: Minister Darmin Wants Special Economic Zones to Operate This Year

TEMPO.CO, Jakarta – The Coordinating Minister for Economic Affairs Darmin Nasution said that he expects all special economic zones (SEZ) to operate this year. The government is currently developing SEZs in 11 regions: seven manufacturing economic zones and four tourism economic zones. “Mandalika SEZ will hopefully be inaugurated this month, followed by Palu SEZ,” Darmin said yesterday, August 1, at […]

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Bottles of Coca-Cola are pictured on a newly inaugurated production line at the Cikedokan Plant in Bekasi, West Java near Jakarta March 31, 2015. The Coca-Cola company inaugurated two new production lines as part of an investment package worth some $500 million to accelerate growth in the Indonesian market. REUTERS/Darren Whiteside  - RTR4VLWF
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Cambodia – Minister: The country must fend for itself

Cambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates from a low-income country to lower-middle income nation, according to Commerce Minister Pan Sorasak yesterday. “We will have issues when the country moves up the income ladder and because of that […]

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Malaysia: Business confidence on the uptick

KUALA LUMPUR: RHB Research Institute says in its latest economic update that it expects private investment to grow at an increased pace of 7.7% year-on-year (Y-o-Y) in 2017, from 4.3% last year, underpinned by ongoing construction of infrastructure projects and a pickup in exports. This comes following an increase in the Malaysian Institute of Economic […]

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Thailand: Shipper council raises 2017 export outlook to 5%

The Thai National Shippers’ Council (TNSC) has revised the 2017 export growth forecast up to 5% from its previous forecast of 2.5-3.5%, as exports rose in the second quarter of the year, indicating recovery in major importing countries.  TNSC chairwoman Ganyaphad Tantipipatpong said strong demand has lifted export growth substantially, with shipments in June growing 11.7% […]

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