Trade
Exports
Port signs new deals with Vietnamese companies
The Phnom Penh Autonomous Port announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal province. Hei ...
Textile & garment companies still attract foreign investors
Though growth in investment in the textile & garment sector has slowed down, it is still attractive in foreign investors’ eyes. The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign ...
Shark fin trade swims on, despite ban
Pungent piles of dried fish meat fill tiny shops on the ground floor of Phnom Penh’s Phsar O’Russei as the latest catch flops in metal basins. Hanging from some stalls are bags of half-meter long, leathery, dried shark fins—destined for expensive bowls of a soup ...
Gov’t, Vietnam exchange blame on logging
Cambodian conservation officials spoke publicly for the first time on October 10 about what they described as nearly three years of corrupt practices by their Vietnamese counterparts in facilitating the multibillion-dollar illicit trade in Siamese rosewood. But their complaint comes amid allegations from Hanoi that ...
China downplays reports of sharing river waters with India
Playing down official media reports mooting a mechanism to share Brahmaputra river waters with India, China on October 10 said Beijing and New Delhi have “effective” cooperation to share data of the river flow and it is willing to continue it. “China and India have appropriate ...
China places first order for Thai rice under last Dec’s G2G deal
China has agreed to place the first purchase order for 100,000 tonnes of Thai rice under a government-to-government contract for a total of one million tonnes, which was signed last December. The order is for new-crop 5-per-cent white rice at a free-on-board price of US$399 per tonne ...
US officially terminates sanctions order
After imposing economic sanctions on Myanmar for nearly two decades, the US formally abolished the blacklist on October 7. US President Barack Obama signed an executive order terminating the sanctions, following his pledge to do so made when State Counsellor Daw Aung San Suu Kyi visited ...
Illegal waste imports reach alarming level
Mismanagement and legal loopholes have both lent a hand to enterprises to illegally import prohibited waste. The National Assembly’s Standing Committee convened a meeting on September 13 discussing the amendment of the Technology Transfer Law. At the meeting, National Assembly’s Chair Nguyen Thi Kim Ngan asked: “Will ...
US gems association eyes trade ties as sanctions end
The American Gem Trade Association arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s ...
Low production and quality to blame for rubber sector’s export woes
Low productivity, high labour costs and sub-par quality are holding Myanmar back from becoming a serious rubber producer, experts say. The nation’s rubber plantations produce at less than half the international production rate, and a rise in volume must be matched by improvements in product ...
