News
Minebea opens third plant
Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone on December 8 to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at ...
Strong demand boosts exports to CLMV
Exports to Cambodia, Laos, Myanmar and Vietnam continue to rise due to strong demand in the neighbouring countries, where the economies continue to grow, according to the Office of Industrial Economics. Ittichai Yotsi, director of the OIE’s Bureau of Industrial Economics Research, said exports to ...
Bad weather threatens to put a damper on sugar harvest
Unfavourable weather has delayed Thailand’s sugar crushing season, threatening a reduction in sugar output for the 2016/17 crop. The drop will prevent Thailand, the world’s second largest sugar exporter, from capitalising on rising global sugar prices at a time it is being challenged by Brazil ...
Vietnam’s cocoa receives “fine flavour” designation from Int’l Cocoa organisation
Viet Nam has become the second Asian country to achieve a fine flavour cocoa designation from the International Cocoa Organisation. Forty per cent of the country’s cocoa exports have received this designation. Indonesia was the first Asian country to receive the recognition in 2011, but it ...
What does the possible end of the TPP mean for the Mekong Delta projects?
China and Japan remain committed to the region; matter of time before private investment picks up. The future of the U.S.-led Trans-Pacific Partnership agreement looks increasingly unlikely to progress in the wake Donald Trump’s U.S. election victory. And Vietnam, once touted as one of the ...
Government to air concerns on Lao VAT
The government is set to raise the issue of Laos’s value-added tax in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade. Adul Chotinisakorn, deputy director-general of the Foreign Trade Department, said that while the issue is an ...
The Philippines to buy rice from Myanmar
Myanmar’s Ministry of Commerce revealed that the Philippines has offered to ink a government-to-government treaty to buy rice from its fellow ASEAN country. “The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently, it imports rice mainly from Vietnam. ...
Customs urged to move online
Customs authorities should work quickly to adopt an envisioned online registration system for cross-border cargo shipments that would expedite delivery and cut out pesky middlemen who tack on unofficial fees, Transport Minister Sun Chanthol said on December 5. “Online registration is important because right now ...
China eyes high speed railway as part of One Belt, One Road strategy
A super fast railway will connect Myanmar’s cities, cutting the journey time from Muse, Shan State, to Yangon to one hour. That was the claim made by China’s consul general in a recent meeting in Mandalay. Wang Zongying was discussing China’s One Belt One Road project, ...
Equal, transparent climate necessary for SMEs: PM
Prime Minister Nguyễn Xuân Phúc has underscored the need to create an equal and transparent climate in order to facilitate the operation of small-and medium-sized enterprises. Speaking at the third national congress of the Vietnam Association of SMEs (VINASME) in Hà Nội on December 3, ...