Trade
Trade policy and regulation
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 ...
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 ...
Asean ministers, bank governors strengthen financial regional integration
Financial integration, financial service access, and financial stability have been the central issues in discussions among Asean finance ministers and central bank governors at the meeting in Vientiane over the past few days. The ministers and governors have agreed upon the direction of regional cooperation ...
Revised rubber export tax scheme criticised
Rubber producers said on 6 March the Cambodian government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. Prime Minister Hun Sen issued a ...
Challenges lie ahead for Vietnam economic growth
Vietnam has challenges to tackle if it wants to achieve economic targets and deeply integrate into the world’s economy in the context of new trade agreements. Speaking at a seminar held in Ho Chi Minh City on 3 March, Tran Dinh Thien, director of the Vietnam ...
Brazil challenges Thai sugar 'subsidies'
Brazil will challenge Thailand at the World Trade Organization (WTO) over “subsidies” for sugar producers that it says have dragged down global prices, the Trade Ministry said. Brazil said the Thai government had given support to cane growers and sugar mills that was inconsistent with international trade ...
Vietnam must find funding for farmers
Vietnam needs to create policies to promote investment in agriculture to build a farming sector to compete internationally, as the country integrates into the global economy. Investments in agriculture remain modest, although the sector involved nearly 70 per cent of the country’s population, while contributing some ...
Vietnam Government calls on local firms to improve foreign market strategies
The Government has approved a plan to help Vietnamese businesses directly participate in foreign distribution networks through 2020 to help Vietnamese goods penetrate international markets, a senior Government official said. The project aims to promote exports by ensuring that Vietnamese products are directly sold into major ...
US trade treaty to aid Cambodia's TPP ambitions
As Prime Minister Hun Sen attends the US-ASEAN Summit in California on 15 February, government officials are in the midst of ongoing negotiations with their American counterparts to formulate a trade and investment agreement, which analysts say could be a stepping stone towards one day ...
