Economy and commerce
Trade
Vietnam risks facing severe labour shortages
Government and business leaders speaking at a recent forum in Ho Chi Minh City have said that Vietnam is at risk of running out of skilled machinists and other manufacturing workers over the next four to five years. At the conference sponsored by the HCM City ...
Miles to go
Though foreign investment is soaring and GDP is expected to grow by at least 8% this year and next, both are from a tiny base. Before the army seized power, Myanmar had been one of the world’s leading rice exporters and one of Asia’s wealthiest ...
Cambodia pushing for more benefits from Mekong integration
The government is seeking to develop ways of increasing the benefit felt by Cambodia from economic corridors opened throughout the Greater Mekong Subregion as part of ASEAN integration, an official has said. The economic corridors are intended to spur economic integration in ASEAN and boost infrastructure ...
Thai rice faces global price war
Thailand’s rice market is expected to face a price war next year as a result of oversupply that will lower prices in both domestic and export markets, while the stronger baht could hurt the competitiveness of rice shipments, exporters warn. Charoen Laothammatas, president of the Thai ...
More Cambodia rice bound for China
China plans to increase its rice import quota from Cambodia next year as the country braces for possible cutbacks by the European Union to limit milled rice imports from least developed countries. Commerce Minister Pan Sorasak said on August 2 that his Chinese counterpart Gao Hucheng agreed ...
US may allow import of VN star apples
The United States Department of Agriculture may allow the import of star apples from Việt Nam, Việt Nam’s Commercial Counsellor in the United States, Đào Trần Nhân has said. The import is scheduled to begin in the fourth quarter of this year. According to the proposal from ...
HCM City seeks green light for major PPP projects
The Ho Chi Minh City People’s Committee has submitted for Government approval a list of priority transportation and sanitation investment projects that will be developed in a Public Private Partnership format between 2016 and 2020. At present, the city is developing five major infrastructure projects with ...
Vietnam battles to hit 6.7pct growth goal
Economic slow-down is threatening to scupper the government’s annual target. Vietnam may struggle to achieve its target of 6.7 percent economic growth this year after the economy showed signs of losing momentum in the first six months, according to a report. Agricultural production was hit hard by ...
Cambodia, Vietnam to build market on border
The Vietnamese government on 27 July agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said. The market will be constructed on 1.5 ...
Việt Nam records $1.8b trade surplus YTD
The country posted a trade surplus of nearly US$1.8 billion in the first seven months of this year, according to the General Statistics Office. GSO experts attributed the surplus to a rise in export values, while import revenues declined. The nation’s export turnover during the period ...