Cambodia’s Sea Festival celebration is to go ahead as planned late December this year, which will be held in Sihanoukville town, aiming to promote the Kingdom as a potential tourism destination to the world. The festival is held every year in different coastal provinces – Kampot, Kep, Preah Sihanouk and Koh Kong on a rotating […]
Read MoreVIETNAM’S landmark telco network-sharing deal will offer little uplift to private-sector players, as state-linked operators still have the upper hand in the market, according to analysts. Viettel, VNPT-Vinaphone, GMobile and MobiFone recently agreed to share some 1,200 base transceiver stations, while privately-owned Vietnamobile did not take part in the arrangement. “The state remains a dominant […]
Read MoreHotels are desperate to cut room rates in the scrum to draw domestic tourists following the state’s subsidised tourism packages, hoping to gain any occupancy before the country opens up to foreign travellers. After provincial orders to close hotel operations in many provinces since April, the vast majority of hotels are restarting their businesses, aiming […]
Read MoreThe Hanoitimes – This law version bans the debt collection service. The National Assembly (NA) on July 17 approved the revised Law on Investment with the endorsement of 92.34% of its deputies present, with several major changes. Among new changes in this law version, the debt collection service has now been banned. Meanwhile, the law also […]
Read MoreCambodia’s commercial and residential rental market is currently experiencing very high levels of oversupply, particularly for properties traditionally marketed to foreigners, according to industry experts. The oversupply comes as the COVID-19 pandemic causes a mass exodus of foreign workers and high levels of uncertainty in the market, in addition to calls by the World Bank […]
Read MoreVietnam’s cement sector is facing oversupply and firms need flexible business strategies to overcome the difficulties. The sector was expected to see many challenges this year due to the complex changes of the COVID-19 pandemic, with real estate projects short of capital. Figures from the Ministry of Construction showed the country would have a cement […]
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