Trade

Exports

Banana exports increase tenfold to US$40m

Exports of Lao bananas have grown tenfold from more than 30.8 billion kip in 2011-12 to more than 324.8 billion kip in 2014-15, a recent report revealed. According to preliminary research findings by the National Agriculture and Forestry Research Institute on the commercial production of bananas ...

Champassak company to export processed rubber to Iran

The Bounthan Agriculture Promotion Import-Export Company in Champassak province plans to export processed rubber to Iran next month under a contract signed with the Rahnama Trading Company. The company has 570 hectares of rubber plantations in Champassak province, including 200 hectares that have been planted ...

Concerns grow over Cambodian rice exports

Taing Chhung Ngy, director of market promotion at rice exporter LBN Angkar (Kampuchea), said that March’s sub-par performance was just the first indicator that the sector’s growth was decelerating. The decreasing amount of rice exports in March shows that the issues that rice millers and exporters ...

Asean ministers, bank governors strengthen financial regional integration

Financial integration, financial service access, and financial stability have been the central issues in discussions among Asean finance ministers and central bank governors at the meeting in Vientiane over the past few days. The ministers and governors have agreed upon the direction of regional cooperation ...

Vietnam plans to replace rice with more profitable crops

Vietnam plans to gradually reduce rice production and switch to other more profitable crops, a plan that experts say makes sense since the country grows so much paddy and is a massive exporter of the unprofitable crop. The National Assembly’s Economic Committee recently agreed with the ...

ADB see China slowdown hitting Thailand through 2017

Softer growth prospects for China and a weak recovery in major industrial economies are expected to suppress economic growth in developing Asia and cut Thailand’s growth by half a percentage point, according to an Asian Development Bank report released March 30.  Keep reading ...

Unusual items bump February exports up 10.3%

Thai exports grew in February for the first time in 14 months, thanks to two unusual items — helicopters and an eight-fold increase from a month earlier in gold shipments. In February, customs-cleared exports rose 10.27% from a year earlier, the Commerce Ministry said on Friday. ...

Plan aims to rebuild silk sector

With Cambodia’s storied silk industry in rapid decline, the government is looking to revitalise the sector with a new development strategy aimed at making local sericulture more modern, sustainable and inclusive, officials said during a recent industry event. Keep reading ...

Reththy, Agriculture Ministry continue to squabble

The Ministry of Agriculture has rejected a request from private-sector rubber firms – led by agricultural tycoon Mong Reththy – for a meeting to discuss the floundering fortunes of the nation’s rubber sector, claiming the ministry was busy and was already addressing the issue. The rejection ...

Vietnam's textile exporter raises nearly $6.9 million in IPO

State-controlled Gia Dinh Textile and Garment Company has sold more than 15 million shares, equivalent to a stake 24.28 percent, for over VND155.8 billion (US$6.89 million) in an initial public offering. Keep reading ...

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