Economy and commerce
Trade
Asia Rice: Vietnam rates gain on fears Mekong water woes may hurt crops
Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country’s rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs. In Vietnam, rates for ...
Tra fish industry needs to improve product quality
Việt Nam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the domestic tra fish sector faces ...
Vietnam's New Draft Development Guidelines on Rooftop Solar Power Systems from 1 July 2019
On 12 April 2019, the Ministry of Industry and Trade of Vietnam (“MOIT”) released the third draft (“Third Draft”) of the Decision of the Prime Minister on the mechanism for encouraging the development of solar power in Vietnam, applicable from 1 July 2019 (“Draft Decision”). Keep ...
Lancang-Mekong Cooperation: Blessing or curse?
The Lancang-Mekong Cooperation (LMC) marked its third anniversary last week with the announcement that China’s trade with the five Mekong member countries – Cambodia, Lao, Myanmar, Thailand and Vietnam – has reached over US$260 billion for the period, highlighting the overarching role China plays in ...
Jason Thomas
The bully playing games with border trade
Restrictions on border trade with China are a big headache for many Myanmar merchants. China officially bans most rice imports from Myanmar, for example, but its border officials often turn a blind eye to the trade. In early February though the Chinese authorities launched a crackdown ...
Sithu Aung Myint
Talks on trade, crime seek to achieve development goals
Prime Minister Prayut Chan-o-cha urged Asean members on Wednesday to maintain a good balance between promoting cross-border trade and suppressing transnational crime, which he said holds the key to meeting the region’s sustainable development goals. He made the remark during a speech at Wednesday’s opening of the ...
Yunnan's trade with Mekong River countries tops 12.8 bln USD in 2018
The trade revenue between southwest China’s Yunnan Province and countries along the Mekong River exceeded 12.8 billion U.S. dollars last year. The trade volume saw a year-on-year increase of 7.28 percent. Keep reading ...
Việt Nam to build plan for trade promotion in development triangle area
Representatives of Cambodia, Laos and Việt Nam have agreed to assign Việt Nam to devise an action plan for effectively implementing the Agreement on Trade Promotion and Facilitation in the CLV Development Triangle Area, signed in 2016 in Siem Reap, Cambodia. This is one of the important ...
Vietnam increases its quota for Kingdom’s rice to 300K tonnes
After the EU decided to impose tariffs on Cambodia’s rice exports from January, Vietnam agreed this week to expand its import quota for the Kingdom’s rice to 300,000 tonnes. Vietnam’s actions come as the Chinese government late last night agreed to increase its import quota ...
Cambodia and Vietnam agree to drop import duties
Trade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods. []“In the meeting, Vietnam agreed to grant zero duty privileges to 32 Cambodian goods, and agreed ...