Economy and commerce
Trade
Insurance industry encouraged to make preparations for TPP, AEC
The Trans Pacific Partnership and ASEAN Economic Community are expected to offer more market opportunities for insurance companies in Viet Nam, but will also present tough challenges in a more competitive international environment. “The current Vietnamese insurance market is facing many disadvantages and hasn’t met its ...
Rice sector predicts a worrying trend
Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline. The most recent data on rice exports released by Cambodia’s Ministry of Agriculture stated that ...
Businesses get lost in ‘forest of sub-licenses’
A survey by the Vietnam Chamber of Commerce and Industry has found that businesses operate under the regulation of 7,000 sub-licenses or 7,000 business conditions. The Tien Giang Enterprises’Association, in a document to the Prime Minister complaining about sub-licenses, emphasized that it was unreasonable to force ...
Ho Chi Minh City, China’s Yunnan extend links
Vice Chairman of Ho Chi Minh City People’s Committee Le Van Khoa hosted a reception for Deputy Governor of Yunnan province of China Li Jiang on May 10. Khoa said Ho Chi Minh City has so far established partnership with seven Chinese cities and provinces, and ...
Illegal rice imports still pouring across border
More than a month has elapsed since the government vowed to strengthen its borders to halt illegal imports of rice, yet little has been done to stem the flow of illicit rice shipments flooding into Cambodia from its foreign neighbours and undermining the export efforts of ...
Firms have to set up business in Singapore to export Vietnamese rice
A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109. In order to be eligible, export companies must have storehouses that can contain 5,000 tons of rice, and a husking workshop with minimum capacity of ...
Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF
Strong rises in exports and foreign investment in the manufacturing sector will continue to accelerate Vietnam’s GDP growth, the IMF said in its April update on Asia-Pacific economic outlook. In the region, only several frontier economies will see higher rates, including Myanmar’s 8.6 percent, Laos’ 7.4 ...
Fishery groups step up bid to avoid EU action
Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the chamber was gravely concerned about the IUU issue and had tried its best to promote cooperation with private counterparts in the fishing industry to create a traceability system for products. Mr Poj insisted that, whatever ...
Laos prepares for timber trade agreement with EU
The Technical Working Group of the Lao Forest Law Enforcement, Governance and Trade (FLEGT) process has elaborated a first draft Timber Legality Definition in preparation for the first face-to-face FLEGT/Voluntary Partnership Agreement (VPA) negotiations between Laos and the European Union. The two-day workshop brought together 50 ...
Port cargo traffic rises on swelling economy
“The significant growth is related to our strong economy, which is driving an increase in import and export activity,” said SAP director-general Lou Kim Chhun. The port in Cambodia’s Preah Sihanouk province received approximately 95,000 20-foot equivalent unit containers during the first quarter of 2016, ...
