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  • Manufacturing growth

    Vietnam's GDP rises 6% on brisk exports, consumption

    HANOI -- Vietnam's real gross domestic product for the January-March quarter grew 6.03% on the year on strong exports and consumption, the biggest first-quarter increase since the global financial crisis broke out. The figure exceeds the 5.06% g

    March 28, 2015 04:11 am JST
  • Vietnamese agriculture

    Fields beckon nation's 3 richest executives

    HO CHI MINH CITY -- One after another, the three wealthiest executives of listed companies in Vietnam have announced major investments in agriculture. Vingroup, the nation's largest property developer, on Monday launched a new unit called VinEco

    March 26, 2015 09:45 pm JST
  • More PVC production

    Asahi Glass plans expansion in Vietnam

    TOKYO -- Asahi Glass will expand polyvinyl chloride production capacity at a local subsidiary in Vietnam by 50% to 150,000 tons a year by early 2016. In addition to enlarging production facilities, the Vietnamese unit will greatly increase procu

    March 26, 2015 01:20 am JST
  • Public Bank

    Malaysian bank expands in Vietnam

    KUALA LUMPUR -- Public Bank announced on Wednesday that it has been granted permission to acquire the other half of VID Public Bank, its subsidiary in Vietnam, for $76.6 million. The State Bank of Vietnam, the central bank, is allowing VID Publi

    March 26, 2015 12:10 am JST
  • ASEAN accelerates regional banking integration

    KUALA LUMPUR -- Southeast Asian banks will be able to operate more freely across the region due to a landmark agreement on banking integration. The move will pave the way for greater access to loan facilities across ASEAN's 10 member states and prom

    March 26, 2015 12:00 am JST
  • Jollibee Foods

    Philippine burger chain sets sights on Europe, Japan

    MANILA -- Philippine fast-food giant Jollibee Foods is considering Japan or Europe for the next leg of its global expansion. Speaking at the Euromoney Philippines Investment Forum on Tuesday, Chief Financial Officer Ysmael Baysa said stores in t

    March 25, 2015 02:00 pm JST
  • Lost in translation

    Singapore's single-party model a double-edged sword

    SINGAPORE -- After the end of the Cold War, American-style democracy was touted as superior. The combination of democracy and a market economy that had emerged victorious over the oppressive Communist bloc was considered the key to prosperity. E

    March 25, 2015 05:20 am JST
  • The 'Singapore model'

    Lee Kuan Yew's growth strategy not for everybody

    TOKYO -- Lee Kuan Yew created a unique model for economic growth that turned his city-state into a vibrant and prosperous business hub brimming with the spirit of free-market capitalism. Known as the ''Singapore model,'' Lee's growth strategy fo

    March 24, 2015 07:00 pm JST
  • Vingroup

    Vietnam developer taps agriculture business

    HO CHI MINH CITY -- Vingroup, the leading estate developer in Vietnam, on Monday launched a new unit, VinEco, to supply green and organic agricultural products for domestic and overseas markets. VinEco has been incorporated with capital of 2 tri

    March 24, 2015 07:00 pm JST
  • Training doctors

    Japanese group teaches endoscopy in Mekong region

    HANOI -- A consortium led by Nagoya University and Fujifilm Holdings has begun cultivating medical personnel who can use endoscopes in the Mekong region, including Vietnam and Myanmar. The aim is to train at least 100 doctors and nurses yearly i

    March 24, 2015 04:44 am JST
  • Tapping Asian growth

    Japanese railway duo rolling into Vietnam with condos

    OSAKA -- Nishi-Nippon Railroad, commonly known as Nishitetsu, and Hankyu Hanshin Holdings are joining to develop condominiums in Vietnam, seeking to offset flagging railway revenue in Japan due to a declining birthrate. Nishitetsu and Hankyu Han

    March 24, 2015 04:14 am JST
  • Weighing down growth

    Vietnam stocks suffer under new lending rules

    HANOI -- Stock prices in Vietnam dipped Monday despite slowing inflation and lower lending rates, as the market struggles to shake off the impact of new government restrictions on loans to investors. The Ho Chi Minh Stock Exchange's VN index fel

    March 24, 2015 12:56 am JST
  • Consumer survey

    Southeast Asian consumers optimistic about economy

    TOKYO -- Consumers in Southeast Asian countries are more optimistic about the current economic situation than their counterparts in other parts of the world, a survey shows. U.S. research company Nielsen surveyed more than 30,000 consumers in 60

    March 23, 2015 07:00 pm JST
  • Big ASEAN accord

    Finance ministers agree on regional banking integration

    KUALA LUMPUR -- Finance ministers of the Association of Southeast Asian Nations have signed a landmark agreement to allow member countries' banks to operate in each other's markets. The move will pave the way for greater access to loan facilities ac

    March 22, 2015 02:30 am JST
  • $200 billion by 2022

    India, ASEAN need to reduce barriers if trade goal is to be reached

    NEW DELHI -- India wants greater engagement with Southeast Asia's 10-member economic bloc and is calling for "a special effort" to take annual India-ASEAN trade to $200 billion by 2022. Considering the current figure is pegged at around $80 bill

    March 19, 2015 08:40 pm JST
  • Samsung Electronics on Vietnam hiring binge

    HANOI -- Samsung Electronics plans to hire 60,000 workers in Vietnam by July, bringing its number of local employees to around 100,000, more than any other foreign company. The company currently has 84,000 workers on its payroll in the Southeast

    March 19, 2015 12:00 am JST
  • Bruce Stokes: Asian youth feel happy and helpless

    The future belongs to the young. This is especially evident in parts of Asia. How young Asians see the world, their own futures and those of their countries often differs from the attitudes of their elders. Their differing views may go a long way to

    March 19, 2015 12:00 am JST
  • China needs to 'purchase' friendships, scholar says

    BEIJING -- China's foreign policy scholars generally fall into two camps: "realists" and "liberals." The former tend to prioritize national interests and power. The latter are more ideological. And under the government of President Xi Jinping, the r

    March 19, 2015 12:00 am JST
  • Manufacturers moving in

    Vietnamese port city sitting pretty

    TOKYO -- The northern Vietnamese port city of Haiphong is emerging as a key production center for major Japanese and South Korean manufacturers. The burg has two big draws -- low labor costs and a convenient location. Fuji Xerox invested $90 mil

    March 18, 2015 07:00 pm JST
  • Smartphones and servers

    Data transmissions surge in Asia

    TOKYO -- Asia is becoming a data hog. Not only are more people taking advantage of their smartphones and faster networks to stream video and audio content, but the content providers are opening streaming centers across the region. Japan's NTT Co

    March 18, 2015 01:00 pm JST