Economy and commerce
Trade
Vietnam spends nearly $1 million/day to import pesticides from China
In the first 5 months of 2016, Vietnam spent US$140 million for the import of Chinese pesticides, or nearly $1 million a day, according to statistics of the General Customs Administration. Specifically, in May alone, Vietnam paid $27 million to import materials and pesticides from China. ...
Cashew industry: Time to make a bold move
A recent national cashew forum in Hanoi sponsored by the Vietnam Cashew Association focusing on ways to promote sustainability of the industry, attracted hundreds of stakeholders. The primary constraint that stakeholders face, undermining their efforts to realize the full trade potential for cashews is lack of ...
South Korean cargo line aims to double shipments
The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port in Cambodia, and cargo sizes are expected to double in the coming month, a local company representative said on ...
Laos's Attapeu seizes 9,000 cubic metres of illegal lumber
More than 9,000 cubic metres of illegal timber has been seized in southern Attapeu province since late last year, according to a report by the provincial authorities. Timber traders have reportedly been attempting to export timber through the province, despite an export ban imposed by the ...
Tycoon looks to expand and deepen private Sihanoukville seaport
Agro-industrial tycoon Mong Reththy plans to expand his private port to handle bigger ships and containerised cargoes, increasing potential competition with the country’s principal port in Sihanoukville. “In order to handle container ships, the port must be renovated and the channel deepened to eight metres, which ...
Poverty reduction – Central Highlands’ main political task: PM
Poverty alleviation remains a main political task of the Central Highlands region, stated Prime Minister Nguyen Xuan Phuc at a working session with the Central Highlands Steering Committee in Dak Lak province on June 20. He suggested regional localities study and propose amendments to their specific ...
Exporters ask for exchange solution
Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. The problem is that the Central Bank only allows lenders to conduct foreign ...
Change for growth
As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Meanwhile, ...
Laos banks on road link with China
With its fast-growing economy, landlocked Laos is turning a once disadvantageous position into an important land transport link for ASEAN regional connectivity with southern China’s Yunnan province. The 114-kilometre Hongsa-Chiang Man Road, which will be a shortcut to Laos’ northern Luang Prabang province, will link Thailand, ...
First shipment of Australian cattle arrives in Sihanoukville
A ship carrying 2,766 head of Australian cattle dropped anchor off the coast of Sihanoukville on Thursday night and will this morning offload the first delivery of beef cows from the Pacific nation since Phnom Penh and Canberra finalized health protocols two years ago, the ...
