Economy and commerce
Trade
Aquaculture export to reach $13b
Việt Nam’s exports of marine aquaculture produce is expected to reach US$12-13 billion by 2020 and $30-35 billion by 2030, according to the Việt Nam Sea Culture Association. Nguyễn Hữu Dũng, the association’s president, said with its long coastline and more than 3,000 islands and ...
Thailand Future Fund IPO delayed by cost concerns
The planned initial public offering of the Thailand Future Fund will be pushed back for another three months to September as concerns over the cost of launching the fund continue. Expressway Authority of Thailand, the owner of two expressways to be pooled as underlying assets ...
Port to open bidding for B1.3bn container station
The Port Authority of Thailand plans to open bids for a container freight station project worth 1.3 billion baht at Bangkok port, known as Klong Toey port, this year. PAT director-general Sutthinan Hatthawong said bidding will be held to seek a contractor to build the ...
High feed prices cut into animal husbandry’s profits
Input material prices have decreased, but the price of animal feed remains unchanged, and, as a result, breeders have incurred heavy losses as the live pork price has dropped dramatically. Nguyen Thi Dung in Vinh Huu commune of Tien Giang province complained that the live pork ...
Laos attends special ASEAN-US foreign ministers meeting
Minister of Foreign Affairs Saleumxay Kommasith led a Lao delegation to attend the Special ASEAN-US Foreign Ministers’ Meeting which was held in Washington D.C., the United States, on May 4. Malaysian Foreign Minister AnifaHj. Aman and the United States’ Secretary of State Secretary Rex W. ...
WFP injects more than US$85m to support sustainable development
The World Food Programme has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, ...
RSPO freezes palm oil company’s operations in Papua
The world’s biggest sustainable palm oil association has frozen the operations of one of its most prominent members on concessions in Indonesia because of failures to meet its standards on new planting. The Complaints Panel of the Roundtable on Sustainable Palm Oil issued a stop-work order ...
Will Vietnam become a scrap steel power?
Vietnamese steel manufacturers are importing more and more scrap steel for domestic production, as this is the easiest and most profitable way to make steel. According to Bui Van Muu from the Metallurgy and Material Technology Faculty of the Hanoi University of Technology, the steel production ...
Customs at Tan Son Nhat airport seize products from elephant tusks
Customs officers at the Tan Son Nhat International Airport in HCM City on May 4 discovered over 4kg of products from elephant tusks and pangolin scales illegally transported from Africa to Vietnam. The products included bracelets and jewellery suspected of being made of African elephant tusks ...
Govt borrows more money to address deficit
The government needs 2,420 billion kip to respond to budget expenditure that occurred in the first quarter of this year (January to March), a government leader has said. Of this figure, 957.7 billion kip is owed from the budget deficit in Q1 and the rest ...
