Economy and commerce
Trade
Sand extraction in Koh Kong province halted, ministry says
Facing mounting scrutiny over the country’s sand trade, the Ministry of Mines and Energy said on November 16 that all sand extraction had been suspended in Koh Kong province, where much of the country’s extraction takes place. “We have suspended it for a long time already,” ...
Trade GSP can’t make profit for Myanmar in short term
Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs ...
Cambodia's labour ministry praises Trump's pledge to kill TPP
In the wake of Donald Trump’s surprise win in the US presidential election on November 9, Labour Ministry spokesman Heng Sour said on November 10 that the president-elect’s campaign promise to pull out of the Trans-Pacific Partnership trade deal would restore the Cambodian garment sector’s competitiveness ...
Factory openings provide 50,000 new jobs
More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...
Singapore, VN enhance economic co-operation
Over the past five years, Singapore’s investments in Việt Nam have nearly doubled. Singapore’s Trade and Industry Minister, Lim Hng Kiang, emphasises the development of longstanding economic relations between Singapore and Việt Nam, which have yielded concrete outcomes, including creation of the Việt Nam-Singapore Industrial ...
ASEAN, China join forces to tackle transnational crime
ASEAN member states and China will further boost their joint efforts through bilateral and multilateral cooperation mechanisms to tackle transnational crime. Transnational crime includes drugs and human trafficking which are increasing in scale as reflected by the large number of young people that fall victim ...
Asia leaders off-the-mark to congratulate Trump on victory
Philippine President Rodrigo Duterte congratulated US President-elect Donald Trump, hoping for ‘enhanced Philippines-US relations’ while Bangladesh’s Sheikh Hasina invited Trump and his wife to visit Bangladesh. Leaders across Asia congratulated Republican Donald Trump on winning the bitterly fought US presidential election. Philippine President Rodrigo Duterte extended his wishes to the US ...
VN five-year economic plan to focus on non-state sector
Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic ...
New border crossings between Laos, Cambodia to boost trade and investment
Laos and Cambodia have agreed to open new border crossings to link the two nations more closely and enhance trade and investment cooperation. The plans were agreed to during Prime Minister Thongloun Sisoulith’s meeting with his Cambodian counterpart Hun Sen in Phnom Penh in June. ...
NA members want new law to ban import of discarded electronic goods
Service fees and product standards offered by telecommunications companies as well as the import of discarded electronic products were among the concerns raised by National Assembly members during a debate on the newly drafted Law on Information and Communication Technology. The draft law was made ...
