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Vietnam: Outlet stores – solution to weakening consumption

Outlet stores have been present in Hà Nội City since 2012 but their business was not so profitable because of low product diversity. HÀ NỘI — Experts believe outlet stores would provide an effective solution to the problem of lukewarm consumption demand as they encourage consumers to spend more on deeply-discounted products. Lê Việt Nga, deputy director of the Domestic […]

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BoT urges upgrade of Thailand’s durian production

Thailand needs to improve its durian production to remain the top exporter amid tougher competition over the next five years, according to a Bank of Thailand report. Thailand is the top durian exporter to China, with significant growth over the past five years. In 2022, Thailand’s total value of durian exports was 124 billion baht, […]

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Asian Sea, AAI consider relocation if wages rise

SET-listed Asian Sea Corporation, a Thai frozen food producer, and its subsidiary Asian Alliance International (AAI) are ready to move their production base to Vietnam or the Philippines if the new coalition government raises the daily minimum wage to 450 baht. President and chief executive Somsak Amornrattanachaikul said the group is preparing to relocate its production […]

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Thailand must raise revenue to boost spending: World Bank

Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an ageing population, according to the World Bank. Government expenditure on pensions, healthcare, education and climate adaptation will need to increase and this must be achieved without constraining economic growth and keeping public debt under control, the bank […]

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