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  • Debt-saddled Vietnam turns to private-sector funding

    HANOI -- Facing a self-imposed debt ceiling, the Vietnamese government has struggled to meet payment obligations for infrastructure projects, setting off a frantic search for willing financiers in the private sector.The government in particular has

    July 2, 2017 10:00 am JST
  • Southeast Asia's new-car sales rise 5% in May

    BANGKOK -- New-car sales in Southeast Asia's six major markets climbed 5% on the year to 281,366 vehicles in May, about the same rate as in April, but poor growth in Thailand leaves automakers cautious.Thailand experienced four straight months of do

    June 30, 2017 10:00 am JST
  • Vietnam rides on Samsung's coattails

    HANOI -- Vietnam's economic growth picked up in the three months through June thanks largely to a recovery in Samsung Electronics' exports.The Southeast Asian nation's real gross domestic product climbed 6.2% on the year for the quarter, according t

    June 30, 2017 05:15 am JST
  • Alibaba spending $1bn to raise stake in Southeast Asia's Lazada

    SINGAPORE (Reuters) -- Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.

    June 29, 2017 01:58 am JST
  • Mobile World opens first shop abroad in Cambodia

    HO CHI MINH CITY -- Mobile World Investment(MWG) has opened its first BigPhone store outside Vietnam's saturated market in Cambodia with its young population of 15 million.The new outlet in Phnom Penh carries the distinctive branding of MWG's The Gi

    June 28, 2017 01:32 am JST
  • Vingroup to invest $4bn in Hanoi metro

    HO CHI MINH CITY -- Leading property developer Vingroup signed a memorandum of understanding on Sunday for part of the Hanoi metro system worth 100 trillion dong (over $4 billion).As part of the capital's overall development plan for 2030, Hanoi has

    June 27, 2017 12:42 am JST
  • Asia's financial safety net is a work in progress

    TOKYO -- In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and

    June 24, 2017 11:00 am JST
  • Japan SMEs find prime hunting grounds in Southeast Asia

    TOKYO -- It is not only Japan's giant corporations that are looking to expand overseas. For the past three fiscal years, more than 40% of loan commitments provided by the Japan Bank for International Cooperation were directed to mid-tier, small and

    June 23, 2017 02:00 pm JST
  • ASEAN pushing for direct yen trading

    TOKYO -- Japanese authorities have long dreamed of the yen becoming a global currency. Now the yen may be on the cusp of at least becoming an Asian currency.Much of the rest of Asia is clamoring for a monetary regime to be strengthened with a vehicl

    June 23, 2017 10:47 am JST
  • Shin-Etsu to lift output of rare earth magnets in Vietnam

    TOKYO -- Shin-Etsu Chemical aims to double its production of rare earth magnets in Vietnam, attracted by strong demand from clients for the items used in robots as well as the motors of hybrid and electric vehicles.The Japanese company will spend ro

    June 22, 2017 12:30 pm JST
  • Asia's financial safety net is a work in progress

    TOKYO In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and Sou

    June 22, 2017 10:00 am JST
  • Obesity in Asia reaches 'epidemic level'

    TOKYO Economic growth has resulted in a significant rise in living standards in much of Asia. But the newfound prosperity and associated lifestyle changes have brought with them an unwanted side effect.A study released by the Asian Development Bank

    June 22, 2017 10:00 am JST
  • Matthew Busch

    Vietnam turns on diplomatic charm in Washington

    Vietnamese Prime Minister Nguyen Xuan Phuc's recent visit to the U.S. surprised many observers, as the leader of a small, lower middle income, communist country became the first Southeast Asian leader to visit President Donald Trump's Washington. Be

    June 22, 2017 09:00 am JST
  • Hanoi targets over 13,000 Facebook accounts for tax

    HO CHI MINH CITY -- Tax authorities in Hanoi on Tuesday advised thousands of social network users to register properly as businesses and pay taxes.Some 13,400 Facebook accounts with evident advertising and sales activities have been directed to the

    June 22, 2017 12:02 am JST
  • Seven-Eleven gets foot in door of Vietnam's booming market

    HANOI -- Seven-Eleven has opened its first convenience store in Vietnam, marking the beginning of its effort to catch and surpass rivals that have already carved out some turf.The Vietnamese market for such stores looks destined to grow, given the c

    June 19, 2017 10:21 pm JST
  • Japan's drug sector to unite for emerging-market push

    TOKYO -- Around 25 Japanese companies including Eisai and Takeda Pharmaceutical plan to jointly develop and distribute medicines in emerging economies, leveraging a government partnership to take on Western giants.The group will aim to develop marke

    June 17, 2017 01:49 am JST
  • Vietnam's solar energy push draws investors

    HO CHI MINH CITY -- Vietnam's TTC Group is planning to sink about $1 billion into solar energy projects in a country still dependent on coal-fired thermal and hydro power for its power needs, with national electricity demand growing faster than 10%

    June 16, 2017 07:01 pm JST
  • Seven-Eleven opens first store in Vietnam

    HO CHI MINH CITY -- Seven-Eleven on Thursday opened its first convenience store in Vietnam, making a foray into a largely untapped key market.Vietnam, long protected by regulations, is said to be the last frontier in Southeast Asia for convenience s

    June 16, 2017 05:41 am JST
  • UN launches second round of nuclear ban talks

    UNITED NATIONS -- Delegates from more than 80 countries kicked off a second and possibly final round of negotiations Thursday on an international treaty to ban nuclear weapons, seeking to adopt a final text by the July 7 end of the conference."As we

    June 16, 2017 05:30 am JST
  • New delivery options brighten SE Asia's e-commerce outlook

    TOKYO/SINGAPORE -- Package delivery has long been a bottleneck for e-commerce in Southeast Asia, but things are changing -- thanks to startups offering various new ways to get orders into the hands of shoppers.Neighbors' homes and "smart" lockers se

    June 15, 2017 03:13 pm JST