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Vietnam: Foreign e-commerce floors must supplement business licenses before January 1

Foreign-invested e-commerce floors doing business in Vietnam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations. The update is done online through portal online.gov.vn. The Vietnam E-commerce and Digital Economy Agency has just announced the addition of business licenses for foreign-invested economic organisations operating in […]

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Cambodia: Cashew exports to Vietnam decline 37%

In the first seven months of the year, Cambodia exported 670,000 tonnes of raw cashew nuts to Vietnam worth over $1 million, a decrease of more than 37 percent compared to the same period last year, according to a report by the Cashew Nuts Association of Cambodia (CAC). Uon Siloth, president of CAC, told Khmer Times that […]

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Philippines: Vehicle sales up 18.4% in 7 months

MANILA, Philippines — Sales of local car and truck assemblers continued to post double-digit growth from January to July as the economy further recovers. In a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) released yesterday, the groups said year-to-date total new motor vehicle sales […]

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Thailand: Instant noodle brands seek price hike

Manufacturers of the five largest instant noodle brands — Mama, Wai Wai, Yum Yum, Nissin and Suesat — for the first time in their half-century of the establishment have joined forces to call on the Commerce Ministry to allow them to raise their prices in line with soaring production costs within one week. Pun Paniangvait, manager […]

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Indonesia’s foreign debt decreases in second quarter: BI

Jakarta (ANTARA) – Indonesia’s external debt (ULN) decreased from US$412.6 billion in the first quarter of 2022 to US$403 billion in the second quarter owing to a decline in public and private external debt, Bank Indonesia (BI) reported. Chief Executive Director of the Communications Department of BI Erwin Haryono, in an official statement here, Monday, […]

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