HANOI — After tasting success in the first seven months, the issue of Government bonds have been facing difficulty from early August with the bidders’ expectation of rising interest rate and decreasing bank liquidity. Following the unsuccessful auctions in the first two weeks of August, the State Treasury was more cautious last week, conducting an […]
Read MoreHANOI – Prime Minister Nguyen Xuan Phuc this week approved the plan to scrutinise and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Vietnam. With this go-ahead, it is expected that such currencies will be recognised legally in the country soon. The PM has asked the Ministry of Justice to […]
Read MoreDue To Rising Cost of Business MANILA, Philippines – Korean manufacturing companies in the Philippines are packing up and leaving the country for Vietnam where they see lower costs and an easier way of doing business. Korean Chamber of Commerce of the Philippines president Ho Ik Lee said many Korean firms have been complaining about […]
Read MoreTEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that Indonesia is aiming at boosting the value of its trade with Vietnam. The government has set a target to achieve US$10 billion worth of trade with Vietnam. “The President wants to reach US$10 billion [worth of trade with Vietnam],” Enggartiasto said at the Presidential Palace in Jakarta today, August 23. […]
Read MoreCentral Group of Companies, the country’s leading retail and property developer, will spend 17 billion baht to expand its operations in Vietnam over the next five years. Philippe Broianigo, chief executive of Central Group Vietnam, said the budget will be used to expand all businesses the group has set up there, particularly food and electronics. […]
Read MoreSIAM Cement Group (SCG) yesterday confirmed it will join with state enterprise PetroVietnam in a US$5.4 billion petrochemical project, just as the Vietnamese prime minister was inviting Thai investors to be strategic partners in his country’s liberalisation of the economy. In his keynote speech at the Vietnam-Thailand Economic Cooperation Forum, Nguyen Xuan Phuc said yesterday […]
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Thailand
