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Tag Archive for ‘Cambodia’

Vietjet carries 260,000 passengers during the Vietnam National Day holiday (September 2-4)

The low-cost airline Vietjet Air operated about 1,500 flights, serving nearly 260,000 passengers during the National Day holiday (September 2-4). The number of Vietjet Air’s passengers this holiday increased 27% year-on-year, with punctuality rate reaching 88.3%. The airline also launched various programmes during its flights, such as presenting gifts and domestic flight tickets to customers. […]

Superior quality rice yields hope for Vietnamese farmers

Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand. The European Union will offer the Vietnamese rice segment import duty-free tariff rate on increased quotas […]

Labourers adapt to industrial revolution 4.0

According to the International Labour Organisation, it is estimated that there will be some 86,000 unemployed labourers in the textile and garment industry due to changes brought by the fourth industrial revolution, especially the replacement of manpower with machines. These trainees are not college students. Most of them are full-time workers who spend their free […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Viettel to launch Myanmar 4G network

The Military-run telecom group, Viettel is expected to offer the world’s first 4G Only network in Myanmar in the first quarter of 2018, marking its first steps in the country. The joint venture – MyTel was granted a licence at the beginning of the year. However, Viettel has pursued the market since 2002. Viettel planned […]

For an ASEAN economy of integration, high growth and sustainable development

2017 marks a significant milestone in the development process of the Association of Southeast Asian Nations (ASEAN), as the bloc celebrates its 50th founding anniversary. From a region divided by differing political stances, ASEAN has since become a unified bloc of solidarity, close bonds and friendship, with the participation of 10 countries in the region, […]

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organized by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s Association of Foreign-Invested Enterprises (VAFIE) and the Vietnam-Laos-Cambodia Association for Economic Cooperation Development. Dang Xuan Quang, deputy head of the Foreign Investment Agency, said the Vietnamese government was encouraging Vietnamese companies to invest in the development triangle. Many Vietnamese enterprises have gained encouraging successes in doing business in Cambodia and…

Vietnam Exporters Become The Victims Of Nasty Tricks In Foreign Markets

VietNamNet Bridge – Export companies have complained that the situation has become increasingly strained towards the end of the year. Importers would be ready to play nasty tricks to control the import prices. Too many kinds of tricks to play It is now more difficult than ever to export products. Exporters not only have to move heaven and earth to borrow capital, arrange material import deals, but also think about how to deal with the tricks played by importers to disturb the export. Nguyen Van Dao, General Director of Go Dang Company, related that importers would send small groups of…

Vietnam: Keeping bees more than a honey spinner

Farmer Vo Van Kiet took to keeping bees as a way to pull himself out of poverty. He soon became so successful he was called on to share his knowledge with other war veterans. Phan Anh reports. Returning home after completing a military mission to save Cambodia from the Khmer Rouge’s genocide in 1987, Vo Van Kiet decided to bring his family out of poverty once and for all. That thought brought him to bee farming in his poor home village in the southern province of Ben Tre. Rising from failure Kiet’s parents left…

Vietnam struggles to retain position as leading rice exporter

According to the Vietnam Food Association (VFA), the country is struggling to retain its position as the leading rice exporter in the world since late September, however with rice exports ready to hit a record 7.7 million tons by the end of this year, Vietnam may hold onto it position this year. A report by VFA said that in October firms exported 646,196 tons of rice at an average price of US$445.3 per ton, up $5.23 per ton compared to the previous month. Domestic rice price rose as firms had signed contracts to export 300,000 tons of rice to Indonesia last month. As…