Cambodia and Vietnam made progress toward ambitious economic targets after trade between the countries rose 21.2 percent in the first two months of this year, worth about $624.1 million. Thach Du, Vietnamese ambassador to Cambodia, told local media his nation was Cambodia’s third largest trade partner last year, while bilateral trade between the countries hit […]
Read MoreWith Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the full-year GDP growth target. Vietnam logged a 5.1 percent GDP growth rate in the first three months of this year, the slowest quarterly pace in three […]
Read MoreVOV.VN – On March 13, Secretary of the Party Committee and Governor of Laos’ Vientiane capital Sinlavong Khoutphaythoun received visiting Vice Chairman of the Hanoi People’s Committee Nguyen The Hung in Vientiane. Sinlavong Khoutphaythoun thanked Hanoi for its support for his city’s infrastructure and human resources development while praising the result- oriented cooperation over recent years. For […]
Read MoreThe maximum amount of investments which can be approved by regional and state governments has been set to US$5 million (K6 billion). Region and state investment commissions will now be able to approve proposals without having to seek permission from Myanmar Investment Commission (MIC), according to an announcement from MIC chair U Kyaw Win on […]
Read More(KPL) Thailand’s Kasikorn Bank (KBank) has expanded its business operations by opening its new headquarters in Vientiane Capital. The grand opening of the Headquarters of Kasikorn Bank was held in Sisaket village in Vientiane Capital on March 13. Kasikorn Bank entered the Lao PDR at the end of 2014 and has two branches in Vientiane […]
Read MoreThe dominance of the US dollar in the banking system prevents the central bank from lowering interest rates to spur investment and create jobs. Cambodia is handicapped by the dollarization of its economy in three ways, according to Kith Sovannarith, Deputy Director General of Banking Supervision at the National Bank of Cambodia. First, the NBC […]
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