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Archive for August, 2013

Myanmar Opens Its Door to Foreigners

(Updated: 2013-8-29) Myanmar has allowed foreigners holding its visas to freely choose to travel to the country via any of its six entry channels. The channels cover three land border crossings in Chiang Rai’s Mae Sai district, Tak’s Mae Sot district and Ranong’s Muang district and three air entry ports through Myanmar’s airports in Yangon, […]

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Posted in: Myanmar

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VN Car Industry Still Stuck in Reverse

(Updated: 2013-08-27 ) The remark was made by the Director of the Industry and Trade Ministry’s Heavy Industry Department, Nguyen Manh Quan. Prices were still high compared with those in other regional countries, Quan said at an online seminar held by Cong Thuong (Industry and Trade) newspaper. “The cost of cars in Viet Nam is about […]

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Posted in: Vietnam

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More Refiners Allowed to Import Oil

(Updated: 2013-08-17) The State Council, China’s cabinet, will grant crude oil import quotas to “qualified” refineries, which experts say is a step forward in trimming large State-owned refiners’ import monopoly. The No 83 Document from the cabinet, issued on July 27, mainly focuses on promoting imports and exports. The document said the central government may […]

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Posted in: China

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Senior Care Market Opens Wider for Investors

(Updated: 2013-08-17) Foreign and private investors are being encouraged to invest in the elderly care market, a move top policymakers say can help boost domestic demand and create jobs. The government will simplify procedures and slash administrative charges to allow non-governmental groups to run homes for the elderly, according to a statement issued after an […]

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Posted in: China

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Six Companies to Install Underground Power Grid, Telecom Cables in HCMC

(Updated: 2013-08-14) Six companies, namely, Ho Chi Minh City Power Corporation, Viettel, VNPT, Saigontourist Cable Television Company, FPT Telecom, and HCMC Electric Power Trading Investment Corporation, signed an agreement on August 13 to install underground power grid and telecommunication cables in the City. Accordingly, the companies will form a joint steering committee to supervise execution […]

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Posted in: Vietnam

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China to Facilitate the Setup of Private Banks

(Updated: 2013-08-13) China is encouraging the setting up of private banks and the resumption of initial public offerings as the government continues to bolster the slowing economy by boosting financial support for the cash-hungry private sector. Village banks, credit companies, financial leasing firms and other small financial institutions are encouraged to set up branches in […]

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Posted in: China

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