Economy and commerce
Trade
HCM City to be a start-up hub: Deputy Prime Minister
With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...
New firm seeks to enter gold trading
Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...
Vietnam has biggest-ever trade surplus in first quarter
The trade surplus in the first quarter of 2016 alone was five times higher than that of the entire year of 2012. But this could be bad news. In 2012, the country got trade surplus for the first time after 20 consecutive years of witnessing trade ...
Insurance industry encouraged to make preparations for TPP, AEC
The Trans Pacific Partnership and ASEAN Economic Community are expected to offer more market opportunities for insurance companies in Viet Nam, but will also present tough challenges in a more competitive international environment. “The current Vietnamese insurance market is facing many disadvantages and hasn’t met its ...
Rice sector predicts a worrying trend
Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline. The most recent data on rice exports released by Cambodia’s Ministry of Agriculture stated that ...
Businesses get lost in ‘forest of sub-licenses’
A survey by the Vietnam Chamber of Commerce and Industry has found that businesses operate under the regulation of 7,000 sub-licenses or 7,000 business conditions. The Tien Giang Enterprises’Association, in a document to the Prime Minister complaining about sub-licenses, emphasized that it was unreasonable to force ...
Ho Chi Minh City, China’s Yunnan extend links
Vice Chairman of Ho Chi Minh City People’s Committee Le Van Khoa hosted a reception for Deputy Governor of Yunnan province of China Li Jiang on May 10. Khoa said Ho Chi Minh City has so far established partnership with seven Chinese cities and provinces, and ...
Illegal rice imports still pouring across border
More than a month has elapsed since the government vowed to strengthen its borders to halt illegal imports of rice, yet little has been done to stem the flow of illicit rice shipments flooding into Cambodia from its foreign neighbours and undermining the export efforts of ...
Firms have to set up business in Singapore to export Vietnamese rice
A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109. In order to be eligible, export companies must have storehouses that can contain 5,000 tons of rice, and a husking workshop with minimum capacity of ...
Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF
Strong rises in exports and foreign investment in the manufacturing sector will continue to accelerate Vietnam’s GDP growth, the IMF said in its April update on Asia-Pacific economic outlook. In the region, only several frontier economies will see higher rates, including Myanmar’s 8.6 percent, Laos’ 7.4 ...
