Economy and commerce
Trade
Joint-venture granted licence to trade machine oil
Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...
Capital aims for 4.5% export growth in 2017
The capital aims to generate US$11.1 billion from exports this year, 4.5 per cent higher than 2016, the municipal Department of Industry and Trade has said.To achieve this goal, Hà Nội will continue work on accelerating administrative reforms with special focus on customs, tax and ...
VN vows to boost Pacific trade
A seminar “The Pacific Alliance (PA) and Việt Nam in the global context” was held in Hà Nội on Monday, aiming to support Việt Nam’s role as the ASEAN co-ordinator with the alliance. The event also looked to promote co-operation, trade and investment opportunities between ...
Sugar rush puts monster mill well ahead of target
Cambodia’s biggest sugar mill has finished its two-month production run, producing half a million tonnes of refined white sugar, nearly five times what the company predicted at the beginning of the harvest season, a company representative said on May 22. Kuy Yoeurn, an administrative manager ...
Fisheries income rises despite falling exports
Exports of fish fell in the first four months of 2017, but income from the fisheries sector increased by nearly half compared with the same period last year. According to an Agriculture Ministry report, income from the fisheries sector between January and April was $230,653, up ...
Work to start on road link to Dien Bien Phuin next two years
It could be another two years before authorities start building a road from Luang Prabang province to the Vietnamese border at Dien Bien Phu province despite the funding commitment by Vietnam. A senior official in charge of the proposed project at the Ministry of Public ...
Vietnam looking to import cattle to meet increasing demands
Vietnam has requested Vientiane authorities to supply up to 400 cattle per day to meet continuing demands for beef there but authorities have asked for more time in supplying the cattle. This follows the two parties signing a contract to export cattle to Vietnam which ...
Pursat market to boost local vegetable trade
Farmers in Pursat province are to benefit from a new vegetable market, allowing them to sell their produce for free for the first five years. The market is aimed at boosting sales of chemical-free vegetables for distribution across the country, to reduce reliance on imported ...
Pepper farmers seek new GI listings
Pepper production inched up to close to 12,000 tonnes last year with cultivation on 6,124 hectares, but unstable prices have led to calls for geographic indicator (GI) certificates for a range of peppers. The eastern Thbong Khmum province is the leading pepper producer, growing 8,566 ...
NLA proposes VAT hike to 8 per cent
The National Legislative Assembly has agreed that the value-added tax should be increased from 7 per cent to 8 per cent. However, the final decision on the tax hike will be made by the Cabinet after the NLA submits its proposal for approval. The proposed VAT ...
