Economy and commerce
Trade
Tra fish exports to UK increase sharply
Tra fish exports to the UK hit US$46 million last year, an increase of 13.9 percent against 2014, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Keep reading ...
Laos orders product labelling in Lao language
Every product manufactured domestically and also imported products shall now be required to be labelled in Lao language prior to distribution in order to protect consumers. The Ministry of Industry and Commerce has issued an ordinance on product labelling in Lao language, in order to expand ...
Mekong Delta set to earn over 14 bln USD from exports
Vietnam’s Mekong Delta region targets to earn US$14.34 billion from export in 2016, a year-on-year increase of $1.14 billion. According to the Northwest Steering Committee, during January of this year, the Mekong Delta provinces shipped abroad 1.09 billion USD worth of commodities; mostly seafood, rice, processed foods, ...
Indonesia, Malaysia and Thailand to cut rubber exports
The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...
Pacific Rim nations sign giant trade deal amid protests
The US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on 4 February as protestors demonstrated over fears for jobs and sovereignty. The ambitious deal, promising the elimination of nearly all tariffs among the 12 member nations, aims to break ...
Vietnam targets high growth to 2020
Vietnam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress. The Resolution, approved and made public at the ...
Price wars to subvert gains made by SMEs
Cambodian entrepreneurs and business leaders on 30 January stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. At the 2nd Global Alumni Convention – a forum that brings together Cambodian graduates who studied ...
Strong Vietnam GDP growth, low inflation forecast for ‘16
Vietnam’s gross domestic product (GDP) will likely grow 6.82 per cent this year, 0.12 percentage points higher than that predicted by the National Assembly last November in its resolution on the socio-economic development plan for 2016, the Centre Institute of Economic Management (CIEM) said on ...
Thai finance ministry trims growth forecast
Thailand’s Finance Ministry trimmed its economic growth forecast for this year to 3.7% from 3.8% and sharply cut its export estimate as global demand slows, a senior ministry official said on 28 January. But growth this year would be supported by government investment and economic stimulus, Krisada ...
Made in ASEAN initiative on the cards
Thailand is set to team up with the Japan External Trade Organization (Jetro) and ASEAN members to push forward the Made in ASEAN initiative, making certain products to the same quality standards. Keep reading ...