Economy and commerce
Trade
Leather and footwear exports could reach $26 billion by 2020
Việt Nam is targeting to earn between US$24 billion to $26 billion from leather and footwear exports by 2020 under a revised plan for leather and footwear industry development until 2025 with a vision to 2035. The Ministry of Industry and Trade held a seminar ...
ASEAN finance ministers commit to promoting economic growth
Finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) have agreed to promote economic growth and financial integration, and strengthen financial stability in the region. The commitment was detailed in a joint statement, which was issued at the third Finance Ministers ...
Small retailers to get govt aid
Traditional retail businesses will get help from the government to enable them to compete better with modern operators and stimulate the domestic economy. The Commerce Ministry says it aims to boost the number of what it calls strong enterprises to more than 25,000 this year ...
Hun Sen endorses ‘One China’
Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. State-run media outlet AKP quoted Kao Kim Hourn, an official attached to the Prime Minister in charge ...
Economist warns over threat to rice exports
A senior economist from the Asia Development Bank has warned the EU’s ban of Tricyclazole could damage Cambodia’s agriculture sector, as farmers rush to eradicate the use of the fungicide by June. The strict new limits on pesticides will mean rice exported to the EU ...
No hike in petrol price during Thingyan: MPTA
The public can be assured that petrol prices will not increase during the Thingyan period, Dr Win Myint, secretary of the Myanmar Petroleum Trade Association (MPTA) said. He said this at a press conference on Wednesday at the main office of the Union of Myanmar Federation ...
South Korea eyes new investments
The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. Last year trade between the countries reached $812 million. The Memorandum of Understanding signed on April 6 intends to boost that figure, particularly ...
Credit guarantee insurance not helping small businesses
Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...
Vietnamese workers warned of ‘robot threat’
Millions of textile & garment and footwear workers could be replaced with robots in the future. Robots are already being used at the 20-hectare Vinamilk actory in Binh Duong province. There are 19 robots and several workers. Everything runs on an automation process. Some robots carry ...
Inspect steamers, ministry tells factories
The Labor and Vocational Training Ministry has instructed all garment, textile and footwear factory owners to ensure all steam irons adhere to safety regulations to prevent explosions like the one last month that killed one garment worker. In an announcement by Labor Minister Ith Samheng dated ...
