Trade

Imports

Mekong Delta urged to step up paddy farming

The Ministry of Agriculture and Rural Development has called for provinces in the Mekong Delta to expand paddy farming in areas with favorable weather conditions given positive projections for outbound sales of the staple food later this year. With positive market forecasts by the VFA, Deputy ...

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. ...

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 ...

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 ...

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, ...

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 ...

Businesses prefer Vietnam-EU FTA over TPP

When comparing Vietnam’s commitments within the Vietnam-EU free trade agreement and the Trans Pacific Partnership Agreement, businesses see bigger benefits in EVFTA, especially in government procurement. Tran Quoc Khanh, Deputy Minister of Industry and Trade, said it was not the initial intention of Vietnam to apply ...

Bokeo authorities mull inspection of petrol importers

Bokeo provincial authorities are focusing on the inspection of petrol stations and petrol import companies after finding that different petrol operators are operating without licenses. Some 73 other petrol stations have been found operating with only 40 of those stations licensed. To manage petrol imports into the ...

China takes over Thai fruit and vegetable industry

Chinese traders have gained control of the fresh fruit and vegetable segments of the Thai agriculture industry – negatively affecting the quality of produce shipped into Vietnam. Experts at the Vietnam Fruit and Vegetables Association also say there are legitimate concerns that Chinese domination of these ...

Containers pile up as trade backlog clears at Yangon ports

Weeks of delayed imports have been cleared through Yangon’s ports in the last few days after customs offices opened 24 hours a day to tackle a growing backlog of trade, but empty containers continue to stack up. As a temporary solution, the Customs Department has prioritised ...

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