Trade
Exports
Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one ...
Observers urge Govt to create new export markets, boost trade volume
A recent World Bank report says that trade growth in Myanmar could reduce poverty and boost prosperity, but local observers say in order for that to happen the government must implement economic policies that increase export markets. The Myanmar Diagnostic Trade Integration Study released last week by the ...
Garment industry moves to weather possible Brexit influence
Vietnam’s garment-textile industry has already taking possible Brexit influence into accounts while conjuring up measures to weather its possible negative impacts. Vietnam’s garment exports to the EU account for approximately 20 percent of the total volume with the UK contributing around 4 percent. Vu Duc Giang, Chairman ...
Mekong Delta urged to step up paddy farming
The Ministry of Agriculture and Rural Development has called for provinces in the Mekong Delta to expand paddy farming in areas with favorable weather conditions given positive projections for outbound sales of the staple food later this year. With positive market forecasts by the VFA, Deputy ...
Vietnam in danger of losing shrimp export markets
Vietnamese seafood exporters are scrambling to buy raw materials to compete with Chinese businesses to fulfill export contracts. Local newspapers quoted sources as reporting that shrimp processing workshops in Mekong River Delta are now running at just 50-60 percent of capacity because of the lack of ...
South Korean cargo line aims to double shipments
The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port in Cambodia, and cargo sizes are expected to double in the coming month, a local company representative said on ...
Laos's Attapeu seizes 9,000 cubic metres of illegal lumber
More than 9,000 cubic metres of illegal timber has been seized in southern Attapeu province since late last year, according to a report by the provincial authorities. Timber traders have reportedly been attempting to export timber through the province, despite an export ban imposed by the ...
Poverty reduction – Central Highlands’ main political task: PM
Poverty alleviation remains a main political task of the Central Highlands region, stated Prime Minister Nguyen Xuan Phuc at a working session with the Central Highlands Steering Committee in Dak Lak province on June 20. He suggested regional localities study and propose amendments to their specific ...
Exporters ask for exchange solution
Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. The problem is that the Central Bank only allows lenders to conduct foreign ...
Change for growth
As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Meanwhile, ...
