Economy and commerce
Trade
Vietnam fears protectionism will affect farm produce exports
Vietnam in 2016 saw a high farm produce trade surplus of $7.6 billion, but big difficulties are still ahead, including returning protectionism with Brexit and US President-elect Donald Trump. Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at a press conference on January ...
Firmer prospects as rubber rebounds
Cambodia’s beleaguered rubber industry looks set for a turnaround as international rubber prices continue their strong rebound. Local traders and industry officials said on January 12 they were optimistic that rubber prices, which doubled during the course of 2016, would continue to rise as the ...
Cassava woes still persist
Local cassava producers still do not fully understand the process of obtaining a sanitary and phytosanitary certification, a necessity for those exporting their produce to Thailand. Department of Agriculture deputy director-general Hean Vanhan said that there were no barriers for local cassava vendors to export to ...
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Soros fund management to assist Myanmar in budget drawing process
The Soros Fund Management will render technical assistance to Myanmar for its budget drawing process and taxing, Myanmar News Agency reported on January 12. The assistance was discussed when Myanmar State Counselor Aung San Suu Kyi met with the Soros Fund Management delegation led by ...
Laos, Cambodia open first official international border crossing
The Nongnokheane-Trapeang Kriel border has become the first official international border checkpoint between Laos and Cambodia after being recognised as a local crossing point for almost 30 years. Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen officially opened the Nongnokheane-Trapeang Kriel international border ...
All state rice stocks to be disposed of this year
Prime Minister Prayut Chan-o-cha wants all existing state rice stocks to be disposed of within this year. Wiboonlasana Ruamraksa, permanent secretary for commerce, said Gen Prayut, who chaired the national rice policy committee’s meeting on January 9, has ordered officials handling state rice sales to ...
Logistics wary of supervision
E-commerce logistics providers and operators have urged the government not to regulate price control on delivery charges for online shopping, saying that the logistics service industry is competitive. The move comes after the government last week added delivery charges for online shopping and counter services ...
Third Lao furniture fair opens
The 3rd Lao Wood Furniture Fair 2017 officially launched for display and sale at Lao-ITECC in Vientiane on January 8 after the exhibition was pre-opened on January 7. The fair will run from January 7-15, in cooperation with the Trade and Product Promotion Department and ...
Rakhine commerce minister sees bright future for black bean exports
The Rakhine State commerce minister is hoping around 10,000 tonnes of black gram beans will be exported to India from Sittwe this year, pending completion of the Kaladan Multi-Model Transit Transport Project. The Kaladan project will connect Mizoram in India to Sittwe, the capital of Rakhine ...
