China

Laos: Tilting Toward China?

Laos: Tilting Toward China?

September 21, 2011 (Vietnamica) – Laos, a landlocked remnant of French Indochina taken over by the Lao People’s Revolutionary Party in 1975, has received little attention from the world since the end of the Vietnam War. In recent years, however, as China and Vietnam have jockeyed for influence in Indochina and as countries in the region have increased their cooperation, Laos has envisioned itself becoming a “corridor country,” tying into a Chinese high-speed rail network and exporting hydro-powered electricity to the region. To achieve these goals it needs a major benefactor, and China looks like a logical candidate. But...

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ICBC Launches First Branch in Phnom Penh in November

September 21, 2011 (Vietnamica) – China’s largest bank, the Industrial and Commercial Bank of China (ICBC), has already received the operating license from the National Bank of Cambodia to open a branch in Cambodia and the bank planned to launch the first branch in Phnom Penh in November, Xinhua reported on Sept 21.

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China’s Gold Demand: All-time Record High

September 19, 2011 – The World Gold Council forecasts that China’s gold investment demand would reach 200 tons in 2011. The country’s investment demand surged 70 percent in 2010 to an all-time high of 187 tons. The Council also unveils that China is the fastest-growing market for gold jewellery in the world, accounting for 400 tons of demand in 2010. China’s gold consumption totaled 706 tons in 2010.

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Bangkok Post Updates on Xayaburi Construction

September 18, 2011 (Vietnamica) – The Bangkok Post Sunday (Sept 18) revisited the Xayaburi constration and found that a major road leading to the dam site is 90% finished. Senior engineers, who asked to remain anonymous, said the road construction was nearly done. It is alleged that the work has never been stopped.

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VEA Asks For Restricting Business Activities with Chinese Contractors

September 17, 2011 (Vietnamica) – Vietnam Energy Association (VEA) has sent a proposal to the Vietnamese Communist Party and Government leaders asking for restricting business activities with Chinese contractors, especially in power industry (VnEconomy, Sept 16).

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China’s Large Investment in Cambodia Boosting Bilateral Relations

September 17, 2011 (Vietnamica) – Relations between China and Cambodia have grown closer in recent years, with Beijing investing billions of dollars in the Southeast Asian nation to help boost its economy.

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