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Tag Archive for ‘Thailand’

Foreign companies enlarge, Vietnamese firms struggling to survive

Contrary to the bleak situation of domestic companies, many foreign direct investment (FDI) corporations have not only grown in term of invested capital but also overpower in some Vietnam’s key export sectors. While domestic companies are struggling for survival, foreign invested corporations are enlarging manufacturing, especially in Vietnam’s key export sectors. Textiles, leather, plastic, mechanical, etc., seem to be Vietnam’s strength for low cost labour, simple technology, but export increasing mostly comes from foreign invested companies. Only in term of capital, in October, there were 359 FDI projects registered to capital increasing with the amount of 3.8 billion US dollars, 12.3…

Damming on Mekong River mainstream needs sustainability

Vietnam expects Laos will continue its research on the environmental impacts of Xayaburi hydropower dam on the Mekong River mainstream and perfect the design of the project, said Vietnamese Foreign Ministry’s spokesperson Luong Thanh Nghi. Nghi made the statement at a regular press briefing in Hanoi on Thursday when asked about Vietnam’s viewpoint on the […]

Future City’ To Be Built In Quang Ninh

The Tuan Chau Group and Thailand’s Amata Group have signed a cooperation agreement to build a “ Future City” in the north-eastern province of Quang Ninh. Covering a minimum area of 5,000 hectares, the city will include a research institute, a system of international schools from pre-school to university level, a sport and entertainment centre, […]

Two dead after strong Myanmar quake

A powerful earthquake that struck Myanmar on Sunday left at least two dead and five missing, a government official said, after the tremor sparked panic in the central city of Mandalay. “According to the information we have so far, two people died and three were injured because of the earthquake, while five are still missing,” […]

Strong quake causes panic in Myanmar

A powerful earthquake struck central Myanmar on Sunday, sparking panic in the country’s second-largest city as terrified residents fled shaking buildings, witnesses said. A series of strong aftershocks added to the nervousness, although there were no immediate reports of deaths or collapsing buildings. The shallow 6.8-magnitude quake hit around 116 kilometres (72 miles) north of […]

Boosting rice export at “golden moment,” Vietnam hopes to make record in 2012

VietNamNet Bridge – The predictions about the world’s quiet rice market in second half of 2012 did not come true. Consignments of rice exports have been continually leaving Vietnam’s ports for other countries in recent days. The Ministry of Agriculture and Rural Development (MARD) has sent a good message: Vietnam’s rice exports have been increasing rapidly over the last few years, raising the hope that Vietnam’s rice exports may reach the record high of 7.7 million tons in 2012. Analysts have also commented that it is now the “golden time” for Vietnam to boost exports, when the world’s demand increases rapidly. Rice export…

India’s Natural Rubber Imports Double In October

India’s natural rubber imports more than doubled in October from last year’s level to 18,326 tonnes as tyre-makers took advantage of lower prices overseas than in domestic markets, the state-run Rubber Board said on Wednesday. Imports in the first seven months of the financial year that started on April 1 amounted to 130,966 tonnes, up […]

Vietnam asks Laos to review impacts of hydropower dam

HA NOI (VNS)— Viet Nam has urged Laos to continue its research on the environmental impacts of the planned Xayaburi Dam on the Mekong River. Concerns over the proposed dam has also led to Viet Nam asking Laos to perfect the designs for the dam. Vietnamese Foreign Ministry spokesperson Luong Thanh Nghi made the statement at a regular press briefing in Ha Noi yesterday when answering a question about Viet Nam’s stance on the construction of Xayaburi dam in Laos. Nghi added that he hoped Laos will work with Viet Nam…

Obama to meet Suu Kyi, Myanmar president in Yangon

WASHINGTON – Barack Obama will meet Myanmar democracy icon Aung San Suu Kyi and President Thein Sein on a historic first visit to the country by a sitting US president designed to boost a political reform drive. The White House said on Thursday that Obama would also visit Thailand and attend the East Asia summit in Cambodia on the November 17-20 trip, which will mark his return to the world stage following his re-election. During a few hours in Myanmar, Obama will deepen his administration’s support for the…

Capital flow stops heading for Vietnam

VietNamNet Bridge – Foreign portfolio investors have been hesitating to inject money in Vietnamese stocks. Most of the foreign investors have not succeeded in the Vietnamese finance market so far. Head of the Market Development Division of the State Securities Commission (SSC) Nguyen Son said real estate, mining or finance and banking projects now need huge capital. Domestic enterprises have been moving heaven and earth to look for domestic and foreign capital. However, Son admitted that it’s very difficult to seek foreign capital at this moment, saying that the situation would not be improved until the end of 2013. General Director…