News
New fertiliser venture aims to satisfy growing demand
Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations on November 21 with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices. Cambodia’s Bayon Heritage Holding Group Co Ltd holds a 60-percent stake in the $2.2-million joint venture with partner ...
US President-elect Trump vows to withdraw from TPP on first day in office
US President-elect Donald Trump announced on November 21 that he will withdraw the United States from the Trans-Pacific Partnership on his first day in office. “I’m going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” ...
Vietnam to host APEC gathering in 2017
As the APEC leaders’ meeting wraps up in Peru, attention now turns to Vietnam, hosts of next year’s APEC. “It’s ten years since the last time Vietnam hosted APEC, and a lot has changed with the country since then. In the last six or seven ...
PM urges Hòa Bình to improve investment environment
Prime Minister Nguyễn Xuân Phúc has urged the northern province of Hòa Bình to improve its investment environment so it can attract investors. Addressing a local investment promotion conference on November 19, the Prime Minister said Hòa Bình enjoys many advantages, such as its location ...
State spending trusted to boost GDP
Despite muted sentiment in the fourth quarter, the government is highly confident the economy could end this year with an estimated growth of 3.2-3.3%. Deputy Prime Minister Somkid Jatusripitak said accelerated state spending on infrastructure projects and growing tourism will shore up economic growth in ...
Steel firm mulls factory in SSEZ
A Chinese steel company is in talks with Sihanoukville Special Economic Zone to set up an industrial facility in the zone, a marketing executive said on November 19. Gu Xia, section chief of SSEZ’s marketing department, said the Chinese company was currently reviewing the land ...
Trump vows Paris Agreement pull out; world unites behind green economy
The 22nd United Nations climate summit began as a wonky, low-profile affair. Nearly 200 nations, finally agreeing to keep the world from burning up, began writing the rulebook by which the goals of the 2015 Paris Agreement could be achieved, while seeking the trillions needed ...
Cambodia's labour ministry praises Trump's pledge to kill TPP
In the wake of Donald Trump’s surprise win in the US presidential election on November 9, Labour Ministry spokesman Heng Sour said on November 10 that the president-elect’s campaign promise to pull out of the Trans-Pacific Partnership trade deal would restore the Cambodian garment sector’s competitiveness ...
Factory openings provide 50,000 new jobs
More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...
VN five-year economic plan to focus on non-state sector
Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic ...
