Economy and commerce
Trade
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
Gov’t eyes million-tonne rice quota deal with Indonesia
Cambodia is close to signing an ambitious agreement with the Indonesian government that would pave the way for the Kingdom’s rice producers to export 1 million tonnes of rice under a new quota scheme, a state official said on October 24. Soeng Sophary, spokesperson for the ...
Construction, consultancy firms sign on for Laos-China railway
Five Chinese construction companies and six consultancy firms have been selected for engagement in the Laos-China Railway Project, with construction expected to start in December. Agreements with the companies were signed in Vientiane on October 24 in the presence of Vientiane Mayor Dr Bounchan Sinthavong, Chinese Ambassador ...
Deputy PM greets US business council official
Deputy Prime Minister Phạm Bình Minh has suggested the US-based Business Council for International Understanding endorse the early ratification and implementation of the Trans-Pacific Partnership agreement and help Việt Nam carry out the pact effectively. Minh, who is also Foreign Minister, met with Peter Tichansky, President ...
Myanmar weighs merits of India bean agreement
India is playing hardball with Myanmar’s beans and pulses sector, pushing for a per-tonne deal that falls well short of domestic market rates. Assistant director of the Ministry of Commerce U Khin Maung Lwin confirmed that Myanmar and India are locked in negotiations over a proposed ...
Rice harvest prompts wary sales
The government will pause its efforts to dispose of state rice stocks to curb any adverse impact on domestic rice prices as the latest harvest enters the market. According to Duangporn Rodphaya, director-general of the Foreign Trade Department, with the annual rice harvest season beginning ...
State counsellor addresses Rakhine attacks while in India
“We as a nation are struggling to make the democratic culture take root,” State Counsellor Daw Aung Suu Kyi told reporters after meeting Indian Prime Minister Narendra Modi on October 19. The state counsellor was on her first official visit to New Delhi where she attended ...
Huge challenges still facing Vietnam's economy
It has been five years since the economic restructuring programme was launched, and despite some improvements to the Vietnamese economy, there has been little change in the growth model. For that reason, many have called for a reconsideration of the restructuring methods used over the past ...
Agro SEZ to grow China exports
A Chinese firm plans to invest at least $2 billion into developing the Kingdom’s first special economic zone geared entirely for agro-processing and storage, with the sprawling zone’s factories and warehouses aimed at meeting the growing potential for Cambodia to export its agricultural produce to ...
BIDV signs cooperation agreement with Japanese bank
The Joint Stock Commercial Bank for Investment and Development of Vietnam and the Yachiyo Bank of Japan have inked a memorandum of understanding on cooperation in supporting Japanese firms in Vietnam. This is the 26th Japanese bank that BIDV has signed such a cooperation deal with ...
