Economy and commerce
Trade
Spanning the economic gap between Asia and Latin America
Politically, 2016 was a volatile year. The electoral changes in Europe, North America, and Asia have created uncertainties for international trade and investment in 2017. It’s clear that there’s a growing sense of nationalism and anti-internationalization where the masses feel they are missing out on ...
Prime Minister urges Xanakham to take up organic farming
Prime Minister Thongloun Sisoulith on Monday visited Xanakham district, Vientiane province, where he encouraged local authorities to switch to organic agriculture and abandon the use of chemicals. He urged authorities to make use of the local potential for organic agriculture, saying this would help to ...
Cambodia, Vietnam build ties
Cambodia and Vietnam have vowed to build closer ties and improve border trade after three days of closed-door meetings. Chum Sounry, the spokesman for the Foreign Affairs Ministry, said officials from the two countries spent time discussing how to work together on agriculture, education, culture, energy, ...
ASEAN moving into RCEP
On March 14, experts welcomed recent moves by ASEAN members to agree to cut 90 percent of tariffs in the Regional Comprehensive Economic Partnership for between 5,000 to 6,000 kinds of products over the next 15 years, saying it would fully benefit Cambodia after the ...
IMF calls for growth through stimulus
The International Monetary Fund has recommended that Thai policymakers implement both fiscal and monetary stimuli in order to boost economic growth and steer inflation back to target. The recommendation was made during a visit to Bangkok for Article IV consultations. “The team recommends monetary policy ...
Feed mill to take bite out of growing import demand
Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...
Vietnamese businesses worry about weak competitiveness
A survey found that only 32 percent of businesses have confidence in the competitiveness of their products, while others are worried about the increased presence of foreign goods. Chu Tien Dung, chair of the HCMC Business Association, said at the meeting between HCMC’s leaders and ...
CLMV parliaments share public investment experiences
The parliaments of Cambodia, Laos, Myanmar and Viet Nam shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly leader Heng Samrin said the event ...
ASEAN members reaffirm 90% tariff cuts under RCEP
ASEAN members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership, over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister ...
Bright prospects for steel firms despite challenges
Việt Nam’s listed steel companies can achieve higher growth in 2017 despite a volatile and predictable international market if they optimise operations and exploit missing links in the sector’s supply chain, experts said on March 13. Given recent international developments, global markets are likely to ...
