Economy and commerce
Trade
Trade groups raise traffic concerns as Yebu gate reopens
The Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in ...
Veunkham becomes a local border between Laos and Cambodia
Veunkham-Dong Kralor border between Laos and Cambodia in Champassak province’s Khong district has updated its services and will operate as a local border crossing. This border is located in Veunkham village, about five kilometres from Nongnokheane-Trapeang Kriel International Checkpoint between Laos-Cambodia that officially opened last ...
Rubber exports stable
While international rubber prices rebounded late last year, Cambodia’s exports in 2016, however, remained relatively unchanged compared with 2015, according to the Ministry of Agriculture, Forestry and Fisheries. The ministry’s figures indicate that Cambodia exported 128,111 metric tons of rubber in 2016, with a marginal increase ...
Cassava industry left out to dry
With the start of the dry harvest season for cassava kicking off, farmers are calling for the government to support the struggling sector with initiatives to address recurring capital shortages and market volatility. Sum Heang, head of the Pailin Cassava Association, which represents 52 cassava-growing ...
Thai delegation to visit for talks on expanding trade, investment
Thailand’s Deputy Prime Minister Mr Somkid Jatusripitak is due to lead a business delegation to Myanmar early next month on a visit aimed at expanding bilateral trade and investment, the Bangkok Post reported. It quoted Mr Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, ...
Ministry lists top ten commercial rice varieties
The Department of Trade Promotion under the Ministry of Industry and Commerce has listed the top ten Lao rice varieties for domestic sale and export. Laos has about 12,000 rice varieties but many of them still need improvement for commercialisation, department Director General Mr Somvang ...
VN expects Japan to become top investor
Prime Minister Nguyễn Xuân Phúc said Việt Nam expected Japan to become its top investor, with more high-tech investments in areas such as green growth, infrastructure development, high-quality agriculture and services as well as privatisation of State-owned enterprises. Phúc was speaking at a business forum ...
Cashew nut exports to hit $3b in 2017
Việt Nam is expected to export 360,000 tonnes of cashews for a value of US$3 billion this year, an increase of 3.4 per cent in volume and 5.6 per cent in value over last year, according to the Việt Nam Cashew Association (Vinacas). Speaking at ...
Poultry export outlook solidly optimistic
Thailand’s poultry export prospects are looking more promising this year, lifted by higher demand and the resumption of fresh poultry imports by many countries after bird flu was brought under control. According to Agriculture Minister Chatchai Sarikulya, the ministry is optimistic Thailand will be able ...
Poipet checkpoint to be upgraded, enlarged
The government has decided to build a new immigration office at the Poipet International Border Checkpoint at a cost of more than $2 million. General Sok Phal, the director general of the Interior Ministry’s immigration department, told reporters on Sunday after an annual meeting with ...