US Avnet buys ‘certain assets’ of Hong Quang

New York-listed Avnet Inc on Dec. 1 announced it has completed a strategic investment in Vietnam by acquiring “certain assets” of Hong Quang (Sunshine) Joint Stock Company for further expanding its presence and customer base in the Southeast Asian region.

Laos targets 7.5 percent GDP growth

Laos is targeting a gross domestic product (GDP) growth rate of 7.5 percent in the 2009-2010 fiscal year, said its Prime Minister Buasone Bouphavanh.

Japan funds new school in Hai Phong

The Japanese government has pledged to grant nearly 89,000 USD for the construction of a new school in Tien Thang commune of the northern port city of Hai Phong.