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May, 30, 2016

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Business > Asia > Vietnam
Vietnamese budget airline VietJet, famed for its bikini-clad air hostesses, has agreed to buy 100 passenger jets from U.S. aircraft maker Boeing for US$11.3 billion, the airline said Monday, in a deal signed in front of U.S. President Barack Obama in Hanoi.
 
The government has announced it will launch proactive approaches to attract foreign investment to Laos, particularly to the special and specific economic zones (SEZs).
 
Vietnam sees reform chances, labor challenges in TPP
After organizing communist Vietnam's first peaceful mass strike at a shoe factory, labor activist Do Thi Minh Hanh was arrested, beaten bloody by police, and jailed for four years.
 
Vietnam economy grows at highest rate in 5 years
Vietnam's economy in 2015 grew at its fastest pace in five years, official figures showed Saturday, shaking off regional economic worries with strong exports, record foreign investment and buoyant domestic consumption.
 
Vietnam, the world's second-largest coffee exporter, will likely see output drop by 20 percent next year as bad weather and old trees undermine production, growers said.
 
Fall in tea exports is putting pressure on the Vietnamese tea industry to enhance product quality amid rapid international integration associated with growing harsh competition.
 
Thousands of laborers from Vietnam's northwestern provinces have worked illegally in foreign countries.
 
The business climate in Vietnam suffered from many inadequacies and shortcomings that hindered development and global integration of Vietnam-ese businesses, said Nguyen Dinh Cung, director of the Central Institute for Economic Management (CIEM).
 
Vietnam allowed its currency to weaken by at least 1 percent Wednesday following the devaluation of the Chinese yuan and the expectation of a possible U.S interest rate hike.
 
The EU and Vietnam on Tuesday announced a free trade deal removing nearly all tariffs, with Brussels calling it a "milestone" on the way to a region-wide agreement with Southeast Asia.
 
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