Economy and commerce
Trade
Poor quality rice mills limit exports to China
Only the IDP Rice Mill in Savannakhet province is able to produce rice of sufficient quality to meet the standard required by Chinese buyers. There are many rice mills around the country but they are inefficient and the finished product is of low quality. Based on ...
Việt Nam, South Korea want to boost cooperation
Việt Nam and South Korea began the 15th session of the Joint Economic Committee on September 22, with talks focusing on ways to boost cooperation and address pending issues. Deputy minister of Planning and Investment Nguyễn Thế Phương said the two countries had made significant achievements ...
Promises unmet as Thailand tries to reform shrimp industry
Facing international pressure for failing to stop human trafficking in its seafood sector, Thailand promised almost a year ago to compensate victims of slavery and industry leaders vowed to bring all shrimp processing in-house. That hasn’t always happened. Instead, some formerly enslaved shrimp peelers have been ...
Investment from Vietnam hits a dry patch: CDC
Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia failed to register a single qualified investment project from Vietnam during that period for the first time in its 22-year history, a ...
Việt Nam, UK to boost coffee trade
Vietnamese and British coffee enterprises are keen on doing more business together, Việt Nam Coffee and Cocoa Association (VICOFA) Chairman Lương Văn Tự said yesterday.Keep reading ...
Cash influx a band-aid for failing rice sector
As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on September 22 lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. Falling from about $250 per ton in mid-August to ...
Look to ASEAN for promising renewable energy markets
The Association of Southeast Asian Nations or ASEAN is a political and economic organization of ten Southeast Asian countries. Formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand, membership has since expanded to include Brunei, Cambodia, Laos, Myanmar and Vietnam. Covering more than ...
USAID backs MFIs with $10m guarantee
USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...
Central bank to allow fintech experimentation
The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...
Foreign visitors to Myanmar near 750,000 in first seven months of 2016
Nearly 750,000 foreign nationals arrived in Myanmar through air and sea ports during the first seven months of 2016, according to the Ministry of Hotels and Tourism. Industry observers predict another 500,000 will visit the country as the tourist season resumes in mid-October, pushing total numbers for ...
