For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam. The 30 biggest taxpayers named by the General Department of Taxation (GDT) include two automobile manufacturers – Toyota Vietnam and […]
Read MoreMore than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October. The Cambodia Microfinance Association (CMA) is now discussing with its members about extending loan restructuring to next year, according a senior officer of the Microfinance Association (CMA). Kaing Tongngy, head of CMA’s communications department, said the trend of requesting […]
Read MoreThe Commerce Ministry expects gems and jewellery exports including gold to grow by 20% next year, boosted by expected easing of the pandemic, relaxation of lockdown measures and online sales expansion and gems fairs. Somdet Susomboon, director-general of the International Trade Promotion Department (DITP), is optimistic about next year’s outlook, with exports of gems and […]
Read MoreRecovery in CLMV countries will be slow and choppy, with binary risks, conditional on containing a “second wave” said Maybank Kim Eng in a report on Monday. Analysts Linda Liu and Chua Hak Bin maintained VIetnam’s GDP growth at +2.9 per cent for 2020 but lowered their forecasts for Cambodia, Myanmar, and Laos. Cambodia specifically […]
Read MoreA new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover some 7,000 hectares, lies to the west of the Xong River. According to a report by KPL News, Chinese investor Lao-Vang Vieng New Area Development Company has spent two years undertaking […]
Read MoreTourism operators are urging the government to engage in a dialogue with protesters without triggering another coup, as that would bury the economy. Chairat Trirattanajarasporn, president of the Tourism Council of Thailand, said any political upheaval affects tourist sentiment, even with travel restrictions banning most foreign arrivals. “If the situation’s gone too far, I am […]
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