Economy and commerce
Clean, organic agriculture production set to expand
Expanding clean agriculture production to supply market demands together with improved international market access can serve to catalyse growth in the Lao organic produce sector, an audience including the Minister of Agriculture and Forestry was told on April 20. Director General of Department of Agriculture, ...
Observe 10 prohibitions or face punishment, finance officials warned
Finance officials are being warned to observe the newly imposed so-called 10-prohibition rule or be subjected to disciplinary measures and punishment under law. Deputy Prime Minister and Minister of Finance Somdy Duangdy on April 10 issued a decision that imposed 10 prohibitions demanding officials follow ...
Vietnam stops nine overloaded trucks with illegal lumber
Authorities in Vietnam’s Gia Lai province have recently stopped at least nine overloaded timber trucks crossing into the country from the Kingdom, despite the Cambodian government ostensibly banning wood exports to its eastern neighbour, according to a Vietnamese news report. The report, published earlier this ...
Sihanoukville port announces bookbuild and IPO date
The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering on the Kingdom’s stock market set for May 31, the company’s sole underwriter said on ...
China yet to give okay to eight rice traders
China has yet to respond to a request made by the Ministry of Agriculture to add another eight local rice traders to the list of 26 that have passed quality control tests to export rice to the Chinese mainland. “Eight local rice traders are still ...
Cambodian rice a big hit in China
A senior official in China’s biggest import and export commodity center has praised the quality of Cambodian rice and called for more agricultural products – mainly milled rice – to be sold on the Chinese market. “Cambodia’s milled rice here has become very popular among ...
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory ...
Fast track gains seen in tax, customs procedures
The finance ministry will build on the successes it has recorded last year in implementing a Resolution on improving the business improvement, Ngô Hữu Lợi, head of its Legal Department, tells the Vietnam News Agency. What are general results of the Finance Ministry implementing Resolution 19/2016/NQ-CP ...
PM applauds Bình Thuận development plans
Prime Minister Nguyễn Xuân Phúc lauded plans to develop the southern coastal province of Bình Thuận into a green, clean and sustainable economy during a local investment promotion conference on April 19. In his speech to more than 240 local and foreign businesses and investors, he said the ...
Company to develop Mekong beach as popular tourist attraction in Vientiane
A private company seeks to put the Mekong River beach in front of Sithan Neua village, Sikhottabong district on the map as one of the most popular tourist attractions in Vientiane in a bid to attract more domestic and foreign visitors. Sithan Neua Mekong Beach ...