Economy and commerce
Trade
Gov't, ministries, bankers and businesses cooperate to breed shrimp
Prime Minister Nguyen Xuan Phuc has decided that Vietnam should become the shrimp production base of the world. The target of exporting $10 billion worth of shrimp products by 2025 is within reach, he said. The Ministry of Agriculture and Rural Development said it hoped the shrimp ...
Government plugs rubber switch
The government is seeking intrepid smallholder farmers to pilot a project that would transform 6,000 hectares of cropland in two provinces into a patchwork of small rubber plantations. The Ministry of Agriculture is eyeing 5,000 hectares of land in Ratanakkiri and 1,000 hectares in Battambang ...
ASEAN nations review stance on intellectual property
Experts from ASEAN member countries and their development partners in the region are meeting in Vientiane to discuss issues relating to the 52nd ASEAN Working Group on Intellectual Property Cooperation and intellectual property protection. Topics centered on ASEAN economic integration with participants convinced that the ...
First salt export deal crystallises
Local specialty food producer Confirel Co Ltd has secured the first-ever export contract for Cambodian salt, finalising an order for 20 tonnes to French consumers and offering a ray of hope as the local salt industry teeters on insolvency. Under an agreement signed with French ...
US turbulence should steer clear of Vietnam trade
Bilateral trade and investment from the US into Vietnam are expected not to see drastic changes under US President Donald Trump. Michael Sieburg, associate partner at Asia-Pacific marketing strategy consulting firm Solidiance, talked to VIR’s Hong Anh about the impact of the American withdrawal from the ...
Rail construction yet to begin
Actual work on the Laos-China railway project has yet to start in Luang Prabang and other provinces following the official construction launch in December last year. The railway will run from the Chinese border to Vientiane through the provinces of Luang Namtha, Oudomxay, Luang Prabang, ...
Trick is to make VN startups competitive: experts
Many young people, including those who’ve studied abroad and returned home to establish their own businesses, shared useful ideas on startups at a conference held last week in HCM City. Nguyễn Trọng Nhân, director of Fablab Sài Gòn, said that starting a business means working ...
Auto parts makers steer toward Poipet
For nearly two decades, Poipet was a one-trick pony, relying on the casinos huddled around its Thai border crossing for its economic fortune. But now a different type of cluster is emerging on the frontier town’s outskirts, where industrial parks are attracting predominantly Japanese manufacturers ...
Joint trade commission to foster links with Bangladesh
Bangladesh is rushing to push forward a draft proposal to form a joint trade commission with Cambodia that is expected to be signed this year, an official from Cambodia’s Commerce Ministry said on February 12. Soeng Sophary, spokesperson for the Ministry of Commerce, said that ...
Thai-Myanmar council push
Thai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting ...
