Trade
Exports
Laos, Vietnam eye bilateral trade of US$3 billion by 2020
The Lao and Vietnamese governments agreed on 16 March to increase the two countries’ bilateral import-export turnover to US$3 billion by 2020, the Vietnam News reported on 17 March. The agreement was reached during talks between Prime Minister Thongsing Thammavong and his Vietnamese counterpart Nguyen Tan Dung ...
Revised rubber export tax scheme criticised
Rubber producers said on 6 March the Cambodian government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. Prime Minister Hun Sen issued a ...
Millers, exporters take on rice federation
A newly formed coalition of rice millers and exporters has raised alarm bells, forecasting the imminent “collapse” of Cambodia’s rice sector within two years and blaming in part “governance failure” by the industry’s apex body. The 18-member group, whose initiative is called the Rice Industry Strategic ...
Vietnam rice exports rebound; prices stay low
Vietnam’s rice exports hit US$445 million in the first two months, twice the number of the same period last year, the agriculture ministry reported on 26 February. Keep reading ...
Food shipments expected to rebound after 2015 slip
Despite a contraction of 1.9% last year, Thailand’s National Food Institute (NFI) expects food exports this year will grow by 5.8%. The optimism is based largely on rising demand for some food segments in neighbouring emerging markets and government efforts to boost exports. NFI president Yongvut Saovapruk attributed ...
Vinamilk strikes $12.5 million deal to export baby formula to Middle East
Vietnam’s biggest dairy company Vinamilk has closed a US$12.5 million deal to export baby formula to Middle Eastern countries, with shipments expected to increase by around 10 percent a year. The deal, signed at the week-long international food fair Gulfood wrapped up in Dubai on 25 ...
Vietnam must find funding for farmers
Vietnam needs to create policies to promote investment in agriculture to build a farming sector to compete internationally, as the country integrates into the global economy. Investments in agriculture remain modest, although the sector involved nearly 70 per cent of the country’s population, while contributing some ...
Vietnam agriculture exports to US likely to surge, ministry official predicts
Vietnam’s agricultural exports to the United States (US) are expected to surge with stable demand from a key market, an official of the government said on 18 February. Le Van Banh, head of the Department of Processing and Trading Agricultural, Forestry, Aquatic Products and Salt under ...
Year's first rice auction attracts 31 bidders
The Thai Government’s first rice auction this year drew active interest from potential buyers, with 31 qualified bidders proposing to buy a combined 397,639 tonnes for 3.31 billion baht. The proposed purchases account for 70% of the total 570,000 tonnes of rice put up for the latest auction called ...
Thai food exports to Myanmar surge
The National Food Institute of Thailand’s Ministry of Industry says small and medium-sized food processing businesses should target Myanmar given the jump in Thai food imports. The institute revealed that Thai food exports to Myanmar increased 24 per cent last year. That makes Myanmar the world’s fourth largest importer ...