Economy and commerce
Trade
Millers shun rice crisis loan fund
Rice millers have taken up less than a quarter of a $27 million emergency loan fund to stabilise prices of the grain, blaming late disbursement for the poor take up. Following a price crash last year, the government told the Rural Development Bank to disburse the ...
PM meets with Vietnamese investors in Laos
Prime Minister Nguyễn Xuân Phúc met in Vientiane on April 27 with Vietnamese investors to hear about their difficulties in a bid to help create favourable conditions for Vietnamese investments in Laos. Phúc praised the efforts and results achieved by Vietnamese firms doing businesses in Laos, ...
Infrastructure attracts investment to north Việt Nam
The newly established five modal (rail/road/air/river/sea) infrastructure network has brought a great deal of investment to the Red River Delta, especially Hải Phòng, delegates told a seminar held in HCM City on Wednesday. Hans Kerstens, international business development manager at Deep C Industrial Zones, said ...
Somkid targets 70% Hong Kong market share for Thai rice
Deputy Prime Minister Somkid Jatusripitak has targeted that Thai rice will secure 70 per cent of the Hong Kong market this year. Commerce Minister Apiradi Tantraporn said on Thursday that during Somkid’s four-day visit to Hong Kong that began on Wednesday, he and the Thai ...
Ministry suspends licensing of gas stations, oil warehouses
The Ministry of Industry and Commerce has announced it will temporarily suspend the registration and licensing of currently unregistered gas stations and oil warehouses. New investment proposals on the businesses are also suspended. The move came as the Ministry is taking action to regulate the ...
Vietnamese PM’s visit spurs further cooperation
The first official visit to Laos by Vietnam’s Prime Minister Nguyen Xuan Phuc has proved fruitful as the two governments have inked deals worth millions of dollars. The two-day official visit from April 26-27 was Mr Phuc’s first as Vietnam’s Prime Minister and coincided with ...
Lao food prices higher than neighbours
The prices of food staples in Laos are still around 10-20 percent higher compared to neighbouring countries especially Thailand and Vietnam, the National Assembly was informed. The price of Grade A pork in Laos is 35,000 kip a kg, in Thailand 30,000 kip and 27,720 kip ...
Pig farmers form taskforce to curb illicit smuggling
Cambodia’s pig farmers created a new taskforce on April 27 to combat pig smuggling along Cambodia’s borders that is leading to falling prices for domestic producers. Mong Rethhy, co-chair of the Cambodian Chamber of Commerce’s working group on the agricultural industry, gathered the Kingdom’s major pig ...
The meat hook: satiating Asia’s demand for beef
Beef has never been a favored meat in most of Asia. Cows are harder to raise than chickens and pigs, which take up less space and can be fed scraps. A large majority of India practices Hinduism, a religion that reveres cows. Islamic societies, too, ...
Rubber prices soar by 132pct
Cambodian rubber exports increased 32 percent during the first three months of the year compared with the same period last year, while prices grew 132 percent during the first quarter, an agriculture official said on April 26. The Kingdom exported 32,000 tonnes of rubber in ...