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Vietnam: PM stresses key role of private sector in economy

HANOI — Prime Minister Nguyen Xuan Phuc praised the significant success of the private economic sector, saying it represented 96.7 per cent of the country’s 500,000 enterprises. PM Phuc spoke in Hanoi at a Saturday policy dialogue with 14 chairmen and general directors of leading private enterprises.  Attending the event were also leaders of the Government […]

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Laos: More investment in human resources needed: economist

While the Asia-Pacific region is experiencing population ageing at an unprecedented rate, the growing number of young people in Laos can provide a significant momentum in driving economic growth. A senior economist from the Faculty of Economics and Business Management at the National University of Laos, Dr Phouphet Kyophilavong, told Vientiane Times on Wednesday that the country’s […]

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Cambodia falls further behind in competitiveness

Cambodia slid further down the rankings of global competitiveness on this year’s Global Competitiveness Report, which showed the Kingdom dropping five notches on the annual index to hold its position as the second least competitive country in Asean after Laos. Cambodia ranked just 94 out of 137 economies, falling from 89 last year, on the […]

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