Trade
Imports
New transfer pricing decree: a step closer to international standards
On February 24, 2017, the Vietnamese government released the new transfer pricing Decree No. 20/2017/ND-CP ‘Providing tax administration applicable to enterprises having controlled transactions’ (Decree 20), which will take effect from May 1, 2017. Decree 20 replaces the existing TP regulations (Circular No.66/2010/TT-BTC) and provides new ...
Oil imports lift US trade deficit
The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration. President Donald Trump took office ...
HomePro mulls investment in Cambodia
HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. Rakpong Aroonwatdhana, HomePro’s head of investor relations, is quoted by the Bangkok Post ...
Mandalay development policy draft completed
The first draft of a policy to develop specific industries in the Mandalay Region has been completed and will soon be presented to the Hluttaw once the policy is finalised. Work on drafting the policy began three months ago, and focuses on the sectors of agriculture, ...
Palm oil prices set to drop
A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China. Tight supplies following a drought in ...
Foreign investors still seek solutions after business suspensions
The owners of two manufacturing plants in a Vientiane industrial park that were ordered to temporarily suspend their operations amid fears over environmental impacts are still waiting for a final answer on their case from the government. Two foreign-owned manufacturing plants in Vientiane Industry and ...
Authorities hopeful of rebounding rubber price this year
Luang Namtha provincial authorities are hoping an increase in the world price of rubber will boost exports to China and local farmers’ incomes. The end of rubber tapping season October-November last year saw the price reach 8,000-9,000 kip a kg for raw rubber and this ...
Top private sector group predicts 3.5-4% GDP growth
The Joint Standing Committee on Commerce, Industry and Banking has kept its key economic forecasts unchanged, citing threats of external risks that could impede recovery. Chen Namchaisiri, chairman of the Federation of Thai Industries, who chaired the JSCCIB meeting on March 7, said these factors ...
Huge trade potential in Australia
The opportunities for Việt Nam to tap the Australian market are huge if businesses create competitive products up to international standards, experts have said. According to the Ministry of Industry and Trade, Việt Nam and Australia enjoy favourable conditions to boost economic and trade ties. ...
Deal to revive coffee industry
A strategic agreement to develop the Buôn Ma Thuột coffee brand is expected to revive the country’s coffee industry, which needs to replace thousands of old, unproductive trees on farms in the Central Highlands province of Đắk Lắk. The agreement between Bình Điền Fertilizer Joint-Stock ...
