Economy and commerce
Trade
Outlook bright for Thai products in CLMV markets
Thai products enjoy competitive advantages and high opportunities in CLMV markets owing to consumer trust in good image and high quality. The rapidly growing consumer markets of Cambodia, Laos, Myanmar and Vietnam – or CLMV – are becoming important places for exporters to pilot products ...
ASEAN and the EEU: close to free trade zone?
ASEAN and EEU member countries are estimated to have a combined GDP of $3.5 trillion and a combined population of over 700 million. On August 5, Russian media outlets quoted Russian Minister of Economic Development Alexei Ulyukayev as saying that an agreement had been reached ...
GMS cross-border pact on hold
Though all countries in the Greater Mekong Sub-region had signed a cross-border trade agreement 14 years ago to enhance the sub-region’s economic connectivity, the CBTA, however, is yet to be ratified in individual Mekong nations for its full implementation. This was revealed last week by ...
Vietnam risks facing severe labour shortages
Government and business leaders speaking at a recent forum in Ho Chi Minh City have said that Vietnam is at risk of running out of skilled machinists and other manufacturing workers over the next four to five years. At the conference sponsored by the HCM City ...
Miles to go
Though foreign investment is soaring and GDP is expected to grow by at least 8% this year and next, both are from a tiny base. Before the army seized power, Myanmar had been one of the world’s leading rice exporters and one of Asia’s wealthiest ...
Cambodia pushing for more benefits from Mekong integration
The government is seeking to develop ways of increasing the benefit felt by Cambodia from economic corridors opened throughout the Greater Mekong Subregion as part of ASEAN integration, an official has said. The economic corridors are intended to spur economic integration in ASEAN and boost infrastructure ...
Thai rice faces global price war
Thailand’s rice market is expected to face a price war next year as a result of oversupply that will lower prices in both domestic and export markets, while the stronger baht could hurt the competitiveness of rice shipments, exporters warn. Charoen Laothammatas, president of the Thai ...
More Cambodia rice bound for China
China plans to increase its rice import quota from Cambodia next year as the country braces for possible cutbacks by the European Union to limit milled rice imports from least developed countries. Commerce Minister Pan Sorasak said on August 2 that his Chinese counterpart Gao Hucheng agreed ...
US may allow import of VN star apples
The United States Department of Agriculture may allow the import of star apples from Việt Nam, Việt Nam’s Commercial Counsellor in the United States, Đào Trần Nhân has said. The import is scheduled to begin in the fourth quarter of this year. According to the proposal from ...
HCM City seeks green light for major PPP projects
The Ho Chi Minh City People’s Committee has submitted for Government approval a list of priority transportation and sanitation investment projects that will be developed in a Public Private Partnership format between 2016 and 2020. At present, the city is developing five major infrastructure projects with ...