Industry Ministry crushes Binh Son export aspirations

The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...

Bokeo authorities mull inspection of petrol importers

Bokeo provincial authorities are focusing on the inspection of petrol stations and petrol import companies after finding that different petrol operators are operating without licenses. Some 73 other petrol stations have been found operating with only 40 of those stations licensed. To manage petrol imports into the ...

Trade and investment between Thailand and CLMV tipped to rise

Thailand’s Ministry of Commerce sees further potential for trade and investment between Thailand and CLMV (Cambodia, Laos, Myanmar, Vietnam) countries. The remark came after it was revealed that trade between Thailand and CLMV from January was Bt353.31 billion, up 1.74 per cent on the same period ...

Rice export data show consistent decline

Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General Department of Agriculture on 7 June. Rice exports in the first five months of this year totaled 234,328 tonnes, compared ...

MoIT to check Ninh Bình fertiliser plant for efficiency

The Ministry of Industry and Trade will, in June, inspect the Việt Nam Chemical Group and Ninh Bình Fertiliser Plant, a member company of Vinachem. The Ninh Bình Nitrogenous Fertiliser Plant has faced numerous difficulties in technology with regard to production of nitrogenous fertiliser from coal ...

China takes over Thai fruit and vegetable industry

Chinese traders have gained control of the fresh fruit and vegetable segments of the Thai agriculture industry – negatively affecting the quality of produce shipped into Vietnam. Experts at the Vietnam Fruit and Vegetables Association also say there are legitimate concerns that Chinese domination of these ...

Textilers hitch their wagon to US market

If one asks which local sector has distinguished itself in terms of export quality and quantity to the US market over the past two decades, the textile and garment industry is most likely the obvious answer.According to statistics from the US Office of Textile and ...

Why the Mekong River is Asia’s next big investment locale

Japan recently announced a three-year, $7 billion investment deal to improve the infrastructure of the lower Mekong River region. This deal is a move to offset China’s growing economic influence within the region. Furthermore, because of geopolitical reasons, it will be beneficial to Japanese investors ...

Shrimp exports to S Korea to rise

Exports of Việtnamese seafood products to South Korea are expected to increase strongly this year thanks to the free trade agreement between the two countries that took effect last December, according to the Korea Fishery Trade Association. Under the FTA, Korea has committed to clear taxes ...

Timber trade continuing despite ban, data shows

Customs data from Vietnam confirms that thousands of cubic meters of wood worth millions of dollars is continuing to reach the country from Cambodia despite a blanket ban placed on such exports four months ago. Soeng Sophari, a spokeswoman for the Commerce Ministry, which manages and ...

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