Vietnam needs to reform its trade mechanisms while local businesses are advised to be more proactive to take advantage of the European Union – Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Planning and Investment before the COVID-19 outbreak, the EVFTA will boost Vietnam’s economy 2.18 to 3.25% in the first five years […]
Read MoreThe construction of the National Road (NR) No. 10, the western corridor linking Battambang northwestern province to Koh Kong coastal province, is 36 percent complete since it broke ground in March this year. The update was shared during a recent inspection visit led by Ma Sunhuot, Under-Secretary of State at the Ministry of Public Works […]
Read MoreSINGAPORE, Aug 9 — Some migrant worker rights groups and activists have raised concerns about rules that restrict workers’ movements in and out of dormitories, saying that they are too strict, give employers too much power and that it is unclear how long the rules will last. They also asked why the rules were not […]
Read MoreNon-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits. The first-half financial statements of big banks like Vietcombank, BIDV and Vietinbank all indicated an increase in non-performing loans (NPLs). Total NPLs of Vietcombank increased 11 percent in the last six months, pushing the bad debt […]
Read MoreMANILA, Philippines — The government spent P547.35 billion in the first half to settle matured debt from both domestic and foreign lenders, according to the Bureau of the Treasury (BTr). The latest figure was more than 42 percent higher than the P385.25 billion recorded in the same period last year. For June alone, the government’s […]
Read MoreThailand’s ailing economy, particularly its tourism and agriculture sectors, is poised to get a boost from new rules that ease the private cultivation and sale of medical marijuana. The Cabinet amended the Narcotics Act on Aug 4, pending Parliament’s approval, to allow private medical operators — a category including some traditional medicine practitioners and farmers — […]
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