Cbc business news

Vietnam is currently the 16th-largest trade partner of New Zealand and the two countries boast many advantages from supplementing each other. New Zealand has high demand for importing garments and textiles, footwear, wood, tropical farm produce, and seafood, which are strengths of Vietnam, while Vietnam needs to import milk and dairy products, wine, lamb, fruit, raw wood materials, and materials and accessories for garment-textile and leather-footwear. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

Tung said as purchasing power and trust in the Government's anti-pandemic efforts were strong, the economy recovered quickly, adding: "I think the businesses that have survived up to now have good strength and accumulation. The difficulties that the F&B industry have overcome will help firms find ways to overcome the next storm.” … [Read more...] about F&B businesses prepare for possible second round of social distancing

In order to successfully issue international bonds, the state-owned enterprises like EVN need to offer interest rates with the minimum gap of 100 basis points (compared with the domestic market) to call for capital by issuing 5-year bonds in the international market. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure

Phnom Penh (VNA) – The Cambodian government has decided to extend tax breaks for another two months for tourism-dependent businesses to overcome difficulties during the COVID-19 crisis, the Ministry of Tourism said on August 3. The exemption, which takes effect in August and September, is granted to hotels, guesthouses, restaurants and tour companies in capital Phnom Penh and in Siem Reap, Sihanouk, Kep and Kampot provinces, as well as in Bavet and Poipet cities, according to the ministry. It added that the government will continue transferring 40 USD per month for staff and workers in the tourism sector for another two months. Tourism Minister Thong Khon said over 3,000 tourism-related businesses in Cambodia have been closed due to COVID-19, leaving more than 50,000 workers unemployed. Last weekend, the government announced that it will continue supporting unemployed workers in the garment-textile sector for another two months. Each will receive 40 USD per month from … [Read more...] about Cambodia extends tax breaks for tourism-dependent businesses

Another loan worth 250 million USD in partnership with the World Bank is intended for a separate programme to strengthen the public healthcare response to the crisis, including testing, prevention and treatment of the virus, and to boost hospital readiness. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia June 24