Investment attraction

The Aranyaprathet-Poipet border gate of Thailand and Cambodia (Photo: Asia News) Bangkok (VNA) – Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC), said Cambodia is seeing average economic growth of 7 – 8% per year as a result of the country opening up to foreign direct investment. Cambodia has been trying to develop its tourism and agricultural sectors, but the country still lacks sufficient knowledge and modern technology, especially in terms of storage and processing in order to increase values. This offers a very good opportunity for Thai businesses to forge joint investment s with Cambodian counterparts in many sectors as above, according to Sanan, who is also chairman of the Board of Trade of Thailand . He led the first post-pandemic visit to Cambodia by more … [Read more...] about Thai businesses eye expanding trade, investment in Cambodia

The central city topped the ranking for cities and provinces, scoring 0.6419 points, 0.1545 higher than the 2020 ranking released last year. Thua Thien Hue came in second place again with 0.5872 points, and Ho Chi Minh City climbed two spots to rank third. The top ten also included Bac Ninh, Lang Son, Ninh Binh, Quang Ninh, Thai Nguyen, Binh Phuoc and Bac Giang. The Ministry of Finance led the rankings of 17 ministries and ministry-level agencies providing public services, gaining 0.6321 points, 0.13 higher than the previous ranking. It was followed by the Ministry of Planning and Investment and Vietnam Social Security. Also in the top ten were the State Bank of Vietnam, the ministries of Trade and Industry; Information and Telecommunications; Environment and Natural Resources; Culture, Sports and Tourism; Transport; and Home Affairs. Claiming 0.4736 points, the Vietnam Academy of Science and Technology rose two spots to rank first among nine ministries and ministry-level … [Read more...] about Da Nang, Finance Ministry top Digital Transformation Index

A customer deposits at an ACB’s transaction office. ACB has continually adjusted savings interest rates by 0.3-0.8 per year since early August. — VNA/VNS Photo Accumulated and idle money of local people is continually flowing into banks in the context of increasing savings interest rates and rising risks of other investment channels amid the global uncertainties. Nguyen Phuong Thao, a salesperson in a Ha Noi-based logistics company, said in the past two years, when the savings interest rate at banks dropped sharply due to the pandemic, she used her idle money to invest in the securities market and got a decent profit. However, now, when the stock market is plunging while deposit interest rates are increasing, she has decided to deposit her savings at banks. “I am depositing my savings at a bank with an interest rate of 5.65 per cent for a year term and do not invest in any other channels because I feel secure when depositing my money in a reputable bank. Though the interest … [Read more...] about People prefer bank deposits amid global uncertainties