Economy and commerce
Rice sector predicts a worrying trend
Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline. The most recent data on rice exports released by Cambodia’s Ministry of Agriculture stated that ...
Businesses get lost in ‘forest of sub-licenses’
A survey by the Vietnam Chamber of Commerce and Industry has found that businesses operate under the regulation of 7,000 sub-licenses or 7,000 business conditions. The Tien Giang Enterprises’Association, in a document to the Prime Minister complaining about sub-licenses, emphasized that it was unreasonable to force ...
Govt approves development of Champa Nakhone SEZ
The government has granted approval for the development of the Champa Nakhone Specific Economic Zone in Pakxe district within the Special Economic Zone of Champassak province. The signing ceremony was attended by Deputy Prime Minister Dr Sonexay Siphandone, Company President Mr Laty Sisouphannavong and other provincial ...
Battle over mangrove sees SEZ trump NGO
A special economic zone developer will be allowed to continue bulldozing a mangrove forest in Preah Sihanouk province’s Teuk Thla commune, the provincial governor said on 10 May. Civil society groups had persuaded the provincial Fisheries Administration to ask the governor to protect the ecosystem, which ...
Ho Chi Minh City, China’s Yunnan extend links
Vice Chairman of Ho Chi Minh City People’s Committee Le Van Khoa hosted a reception for Deputy Governor of Yunnan province of China Li Jiang on May 10. Khoa said Ho Chi Minh City has so far established partnership with seven Chinese cities and provinces, and ...
Illegal rice imports still pouring across border
More than a month has elapsed since the government vowed to strengthen its borders to halt illegal imports of rice, yet little has been done to stem the flow of illicit rice shipments flooding into Cambodia from its foreign neighbours and undermining the export efforts of ...
Firms have to set up business in Singapore to export Vietnamese rice
A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109. In order to be eligible, export companies must have storehouses that can contain 5,000 tons of rice, and a husking workshop with minimum capacity of ...
Govt urged to promote at least three $1-billion tech start-ups in five years
Thailand should nurture at least three technology business start-ups worth US$1 billion each within the next five years, according to an industry white paper. Citing the white paper submitted to the government, Patai Padungtin, president of Thailand Start-up Association, said the country needed to quickly develop the ...
Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF
Strong rises in exports and foreign investment in the manufacturing sector will continue to accelerate Vietnam’s GDP growth, the IMF said in its April update on Asia-Pacific economic outlook. In the region, only several frontier economies will see higher rates, including Myanmar’s 8.6 percent, Laos’ 7.4 ...
Laos needs to consolidate to be successful Asean member: PM
Laos is looking for uncovered potential and opportunities to effectively integrate with the Asean Economic Community in ways that benefit the country. Prime Minister Thongloun Sisoulith said, “Asean has been approved as a community, but Laos is still seeking uncovered possibilities, potential and opportunities that will benefit ...
