Manufacturing

Champassak province farmers will be supported in planting thousands of hectares of cashew nut trees after the provincial Administration Office gave the go ahead for a US$9 million Korean project. Deputy Director of the provincial Agriculture and Forestry Department, Mr Viengsay Sipraphone, told Vientiane Times on ...

Investors in Cambodia’s garment industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the international market and counter rising labour costs, an industry insider said on August 22. Akai Lin, project manager of Yorkers Trade & Marketing Service, ...

Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady regions. Under the CMP model, a foreign buyer with financial backing and technical expertise will contract a garment factory, usually ...

Americans love shrimp. We import about $5 billion worth of it from all over the globe, including from India, Thailand and Indonesia. But over the past year, we’ve learned more about the downsides of global shrimp production. The Associated Press uncovered slave labor in Southeast Asia, ...

The ministry’s International Trade Promotion Department will allocate the largest proportion of its trade-promotion budget for ASEAN markets, focusing on Cambodia, Laos, Myanmar and Vietnam. Malee Choklumlerd, director-general of the department, said it had been allocated a budget of Bt2 billion for the upcoming fiscal year, and ...

Thailand based Siam City Cement Public Company has agreed to purchase a 65% stake in cement manufacturer Holcim Vietnam HVL from French headquartered LafargeHolcim, according to an SCCC statement. HVL currently operates one integrated plant and four grinding plants with an annual cement capacity of 6.3 ...

Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...

Singaporean firms are taking an increasingly close look at the Cambodian market, both as a low-cost offshore production base and as a destination for their goods and services. Ho Meng Kit, CEO of the Singapore Business Federation, which represents 22,500 Singaporean companies, said as Cambodia ...

Sea water rise and saline intrusion have damaged crops this year, but they have offered opportunities for farmers to breed shrimp on rice fields. According to the Ca Mau provincial Department of Agriculture and Rural Development, at first, when farmers began trying to breed shrimp, the ...

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 ...