Economy and commerce
Trade
Vietnam's rice exports to decline sharply this year
Viet Nam hopes to export 1.6 million tonnes rice in the four remaining months of the year, raising exports for the year to 4.9 million tonnes, said the Viet Nam Food Association. According to a report the VFA tabled at a meeting held in southern An ...
Foreign sector scooping up Vietnam FMCG market
The foreign sector continues to scoop up more of the market for consumer goods like ice cream, food, drinks, clothing, footwear, toiletries and household supplies, according to the Ministry of Industry and Trade. At a recent business forum in Hanoi, Phan Chi Dung of the MOIT ...
Vietnamese firm to sell rubber plantation in Laos
A Vietnamese multi-sector conglomerate has announced it may sell nearly half of its massive rubber plantation stake in Laos to Chinese partners to deal with increasing debts and shrinking profits. The Vietnamese firm Hoang Anh Gia Lai is a major investor in Laos and operates a ...
Terms announced on rice lending package
The government-owned bank charged with issuing $27 million in emergency loans to rice millers as part of an initiative aimed at propping up the struggling rice industry announced the terms of the credit lines on September 19, and said it would ensure that the funds ...
Thailand to overhaul sugar policy
Thailand, the world’s second largest sugar exporter after Brazil, is to overhaul its sugar production and distribution systems for the first time in more than three decades in order to avoid being challenged by Brazil at the World Trade Organization. The move is unlikely to make ...
Exporters warned over strict standards
Amid poor export prospects, Thai exporters are being warned of looming strict trade standards on food safety, sanitation and the environment, notably from the US, the EU and Japan. Pimchanok Vonkhorporn, deputy director–general of Trade Policy and Strategy Office under the Commerce Ministry, said stricter ...
Vietnam has one of the least powerful passports in Southeast Asia
Faring poorly on an international passport index, Vietnam possesses one of the least powerful passports in the region. Ranking 74th on the World Economic Forum’s Passport Index, Vietnam, together with Cambodia, possesses one of the least powerful passports in Southeast Asia. Citizens from the two countries can visit ...
Calls for new property investment law
Real estate associations have proposed amending the Law on Land and the Law on Trading Real Estate to create favourable conditions for investors in property investment. Le Hoang Chau, chairman of HCM City Real Estate Association, said the association proposed amending the two laws to permit ...
SMEs and start-up businesses: essential solutions to Vietnamese-French relations
President Francois Hollande met with the community of French start-up businesses in new technologies, French Viet Tech during his recent visit to Vietnam. The event opened additional opportunities for Vietnamese-French economic cooperation and improved the effectiveness, dynamism, and creativity of French enterprises in Vietnam. Small and medium-sized ...
PM weighs in on rice lending
Rice millers said on September 18 they welcomed the prime minister’s announcement that the government would make over $20 million in funds available shortly to support cash-strapped millers and prop up falling paddy prices.“We’ve been waiting for these loans for a long time like fish waiting ...
