Economy and commerce
Trade
Vietnamese cosmetics less favored as foreign products dominate market
Vietnam is a large cosmetics market with turnover of $1.1 billion last year, but there is now little room for Vietnamese manufacturers. The founder of La House, a cosmetics brand, has complained about the difficulties of opening shops at large shopping malls. The owners of malls ...
PM: economy is resilient
The Cambodian economy continues to be resilient in the midst of global uncertainty, with a healthy GDP growth of seven percent, and with further prospects for improvement, said Prime Minister Hun Sen in his Khmer New Year address to the nation on April 12. “Despite all ...
ASEAN summit to discuss South China Sea rows
Prime Minister Prayut Chan-o-cha will attend the ASEAN summit in Manila on April 29 to discuss community building as well as regional and global issues, the Foreign Ministry said on April 12. Various regional security matters, including the contentious South China Sea disputes, and the ...
PM: More roads, bridges
Prime Minister Hun Sen has highlighted his government’s achievements in building new infrastructure as part of a message to commemorate Khmer New Year. He said 15,376 kilometers of national roads and bridges have been built over the past year, including 12,100 km of asphalt roads. During ...
Trade with Vietnam ramps up
Cambodia and Vietnam made progress toward ambitious economic targets after trade between the countries rose 21.2 percent in the first two months of this year, worth about $624.1 million. Thach Du, Vietnamese ambassador to Cambodia, told local media his nation was Cambodia’s third largest trade ...
ASEAN moves forward with cultural cooperation
ASEAN is working to enhance cooperation between ASEAN member states in the area of cultural heritage protection, following new guidance from the bloc’s leaders. Deputy Secretary General of ASEAN for the ASEAN Social-Cultural Community, Mr Vongthep Arthakaivalvatee, told the media about the progress made on the ...
Deputy PM urges faster sale of State capital
In the next round of equitisation, State capital must be sold faster, at higher value, and the enterprises’ corporate governance must further improve, Deputy Prime Minister Vương Đình Huệ has said. Huệ was speaking at a meeting on equitisation and the restructuring of State-owned enterprises ...
How to better manage meat imports
Hoang Thanh Van, director of the Department of Breeding under the Ministry of Agriculture and Rural Development, speaks to Kinh Te Do Thi (Economics and Urban Affairs) newspaper about managing imported meat. Domestic breeders worry that imported meat will compete with domestic breeding products and decrease ...
Troubled road project along Lao-Cambodian border rolls on
Work by military engineers on a contentious road skirting Cambodia’s border with Laos – which has prompted a military stand-off in the area – has quietly resumed, local officials say, even as run-ins between Cambodian and Lao military patrols in the disputed area have further ...
China says accord reached at last with Myanmar on oil pipeline
China and Myanmar have reached an agreement on an oil pipeline between the neighboring countries after almost a decade of talks, with the project due to start “very quickly,” Chinese vice foreign minister Liu Zhenmin said on Monday. The new oil gateway fits with China’s “One ...
