Trade
Exports
Vietnam, partners look to sign Pacific-rim trade pact in February
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The Vietnamese government expects to sign an agreement with 11 other nations in early February to finalize their negotiated terms of the Trans-Pacific Partnership, taking another step to turn one of the most ambitious trade pacts into reality. According to local media, Minister of Industry and Trade ...
Vietnam's currency drops to limit of trading band for first time
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Vietnam’s dong fell to the limit of its current trading band for the first time, reflecting further pressure to weaken after three devaluations already this year. The currency fell as much as 0.07 percent to 22,547 per dollar in Hanoi, diverging from the State Bank of ...
Vietnam's garment exports forecast to top $27 billion
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Vietnamese textiles and garment exports will possibly hit US$27.1 billion this year, an increase of more than 10 percent from 2014, local media reported. Local producers shipped $20.63 billion worth of textile and garment products in the first 11 months, up 8.9 percent from the same ...
Exports of palm oil up, despite price drop
Exports of crude palm oil from the Mong Reththy Company – the Cambodia’s sole producer of the product – increased 8.1 per cent for the first 11 months this year, compared to the same period in 2014. Mong Reththa, vice chairman of the board of directors at ...
Laos eyes more rice sales to China
Laos’ Savannkhet province is looking to increase rice exports to China to more than 10,000 tons a year after the first order for 8,000 tons was received from the Chinese market this year. Laos on 10 December officially exported its first batch of rice to China from ...
Thailand falls out of auto top 10 in the world
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Thailand has dropped from ninth place to 12th in the world ranking of automobile manufacturers as European production has recovered, according to a local industry executive. Thai vehicle exports, on the other hand, remained among the global top 10, said Surapong Paisitpattanapong, vice-president of the Federation of ...
First batch of Lao rice exported to China
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Laos on 10 December officially exported its first batch of rice to China, marking the start of rice exportation to China. A ceremony on the event was held in Laos’ southern Savannakhet Province on 10 December. Addressing the ceremony, Lao Minister of Agriculture and Forestry Phet Phomphiphak said ...
Vietnam looking at $4 billion trade deficit in 2015
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Vietnam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said. The trade deficit would account for 2.4 per cent of total exports, much lower than the set ...
ASEAN sets up EU-style free-flow market
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The ASEAN Community was officially declared on 8 December by leaders of the 10 member states of ASEAN in a landmark moment promising greater regional integration for the 48-year-old group. The challenge of this association of nations, marked by diversity, can be seen in the words of ...
Opium poppy farmers seek help to end dependence
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It is harvest time in the shadow of mist-covered mountains in southern Shan State – not for the rice or pulses growing elsewhere, but in the fields that will supply heroin to voracious markets, in Myanmar and across international borders. Down in the valleys and on ...