Trade
Exports
November trade deficit narrows to $3.8b
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Vietnam’s trade deficit narrowed to US$3.8 billion in the first 11 months of this year, from the $4.1 billion recorded for the first 10 months. According to the General Statistics Office, the reduction was thanks to an $18.8 billion trade surplus achieved by foreign direct investment ...
Firms study EEU deal opportunities
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Numerous Vietnamese firms and member states of the Eurasian Economic Union (EEU) gathered at a business forum on 25 November in Hanoi to study opportunities from the free trade agreement. The business forum, which was co-organised by the Vietnam Chamber of Commerce and Industry, the Ministry of ...
US to review Thai trade benefits after labour complaint
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The United States will review Thailand’s eligibility for trade benefits after complaints that the country is not properly protecting workers’ rights, the US Trade Representative said. Keep reading ...
Thai auto production hitting 2m units in 2016
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With the slowdown in domestic auto sales ebbing and strong exports, Thai automobile production is expected to reach 2 million units next year, the Federation of Thai Industries projects. Surapong Paisitpatanapong, a spokesman for the FTI’s automotive industry club, said the production in 2016 likely will grow ...
Vietnam is still scratching the surface of what it can become: economists
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Vietnam is believed to have achieved many great successes a lot over the last three decades of economic renovation, but many economists say the years ahead will continue to be challenging. At a forum in Hanoi last week to mark the 30th year of the reform ...
Vietnam's SMEs to face regional competition
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Small and medium-sized enterprises in Vietnam have paid little attention to the nearing formation of the ASEAN Economic Community (AEC), while larger companies with a “national brand name” are actively preparing for the regional integration process. Le Thanh Hai, the deputy manager of the Viet Nam ...
Thai TPP opponents voice major concerns
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Consumer and farmer advocacy groups have urged the government not to enter the Trans-Pacific Partnership (TPP) agreement, saying Thailand is unprepared to handle the negative impact. Nusaraporn Kessomboon, a lecturer in Khon Kaen University’s Faculty of Pharmaceutical Sciences, raised concerns that the TPP would obstruct Thai people’s ...
Cambodian PM urges US to drop tariffs
Prime Minister Hun Sen urged policymakers in Washington to expand its preferential treatment of goods imported from least-developed countries (LDCs) including Cambodia by increasing the amount of goods permitted duty- and quota-free access to the US market. “Cambodia would like to request that the US provide ...
Mekong rice straw to go to Japan
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Rice straw, which is usually burnt by Cuu Long (Mekong) farmers at rice fields after harvest, will be exported to Japan as animal feed, according to Song Hau State Farm in the Mekong City of Can Tho. Keep reading ...
Farmers cheer as Vietnam inks deal to export straw to Japan for cow feed
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Rice straw, which is usually treated as waste and burned after each harvest in Vietnam, will become a valuable export product for the country next year. A new agreement signed on 18 November in the Mekong Delta city of Can Tho allows the state-owned Song Hau Collective ...