Economy and commerce
Trade
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 products popular in Vietnam's domestic market
Vietnamese products are facing fierce competition from Thailand imports in the local market as Thai companies increasingly expand their presence in the country. A report from the General Department of Customs (GDC) showed that exports from Thailand reached US$7.5 billion in the first 11 months of ...
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 ...
Vietnam Government calls on local firms to improve foreign market strategies
The Government has approved a plan to help Vietnamese businesses directly participate in foreign distribution networks through 2020 to help Vietnamese goods penetrate international markets, a senior Government official said. The project aims to promote exports by ensuring that Vietnamese products are directly sold into major ...
US trade treaty to aid Cambodia's TPP ambitions
As Prime Minister Hun Sen attends the US-ASEAN Summit in California on 15 February, government officials are in the midst of ongoing negotiations with their American counterparts to formulate a trade and investment agreement, which analysts say could be a stepping stone towards one day ...
Myanmar’s health ministry deems Thai cosmetic products ‘unfit for use’
Products of a popular Thai cosmetics brand were found to be “unfit for use,” according to an official announcement by Myanmar’s Ministry of Health on 10 February. “Two products of ‘Forever Young’ cosmetics were found to contain prohibited chemical ingredients that can harm people’s health and [we] ...
ASEAN currencies prove they're not as vulnerable as you think
Typically regarded as the more vulnerable currencies in Asia to external shocks, the ringgit, baht, and rupiah are proving the most resilient on their relatively lower exposure to China and a dovish Federal Reserve. The Malaysian, Thai and Indonesian exchange rates are the top three performers ...
Thailand ready to halt imports of Australian salad
Thailand is ready to halt imports of prepacked salad products from Australia if salmonella bacteria is detected by Thai food safety officials. Keep reading ...
Domestic retailers urged for better links
Vietnamese domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said. According to Phu, Vietnamese retailers are vulnerable to integration because of their ...