Cambodia exported 8.55 million tonnes of its six most profitable agro-industrial crops, through formal and informal channels, worth more than $2.32 billion this year as of December 15, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. In a December 24 post on his official Facebook page, the minister listed the crops as cassava,…
The Mekong Delta needs to develop value-added agricultural products to enter global value chains, officials have said. With an open economy, Vietnamese-made goods will face strong competition from foreign-made goods. Le Minh Hoan, Deputy Minister of Agriculture and Rural Development, pointed out that application of scientific and technological advances in agricultural production are needed to create…
Minister of Economy and Finance Aun Pornmoniroth said the government welcomed investments worth €80 million ($97 million) from the European Investment Bank (EIB) for the Irrigated Agriculture Improvement Project (IAIP) in Cambodia. He regarded this project as a crucial step towards improving living conditions and agricultural production in the country. The Asian Development Bank (ADB),…
Cambodian Keo Romiet mangoes remain on target to be directly exported to the Chinese market from early next year after the economic powerhouse penned an agreement in June that set up a 500,000 tonne quota for the Kingdom’s widely-available fruit. Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on December 22 that…
The Ministry of Agriculture, Forestry and Fisheries has established the Aquaculture Promotion Cambodia Committee to facilitate the production and business activities of the Cambodian Aquaculturist Association (CAA), to increase production capacity for domestic supply and export. Ministry secretary of state Has Sareth is helming the chairman seat. The committee must coordinate the production and business…
Vietnam already has a well-deserved reputation as an agricultural powerhouse, but a recent public shift towards healthier and more sustainable meat alternatives—which has accelerated amid the Covid-19 pandemic – may mean that local producers are now serendipitously sitting atop some of the world’s most desirable ingredients. While most eyes in the business world are on…
An agreement on concluding negotiations of the Vietnam-UK Free Trade Agreement (UKVFTA) will be signed on December 11, according to the Ministry of Industry and Trade (MoIT). The deal is significant for both countries in the current context as it meets the demands of the two sides. According to the MoIT, the FTA between the…
Bilateral trade between the Kingdom and the US amounted to $5.8 billion in the first 10 months of this year, up $972.8 million or 15.9 per cent over the $5 billion registered in the same period last year, data from the US Census Bureau show. This comes amid Covid-19’s continued assault on the world’s largest…
Anyone wanting to understand the fluctuation fortunes of Vietnam’s pangasius aquaculture industry would be wise to tune into a refreshingly balanced recent documentary. Produced for Undercover Asia, the documentary – which is now available on YouTube – follows the highs and lows of the sector over the last 25 years. In particular, it looks at…
The Council for the Development of Cambodia (CDC) on December 4 announced that it had issued a final registration certificate for Inter-Mattrid Beverage (Cambodia) Co Ltd’s $78 million brewery/beverage plant. The CDC noted that the facility is located in Dei Ith commune’s Sdao Kanleng II village in Kandal province’s eastern Kien Svay district and is…
During an era when more and more freshwater bodies are being affected by saltwater intrusion, should aquaculture operators consider diversifying into species that have a greater tolerance for saline conditions? The increase in damming of large and important rivers such as the Nile in Africa and the Mekong in Asia have caused increased awareness of…
As well as being farmed for human consumption, animal feed and biofuels, seaweed plays a role in carbon sequestration. In short, carbon is stored in the tissues of seaweed and, when plants die and sink to the ocean floor, the carbon dioxide from the atmosphere is buried along with the biomass. According to one international…
Iran has voiced an interest in buying Cambodian agricultural products for domestic consumption and re-export, Cambodian ambassador to Thailand Ouk Sorphorn told The Post on December 3. The remark comes after Sorphorn met Iranian ambassador to Thailand Seyed Reza Nobakhti that morning. “The Iranian ambassador told me that Iran wants to buy milled rice, mango…
Cambodia and Russia are planning a joint feasibility study on a potential free trade agreement (FTA) aiming to reinforce trade and investment ties between the two countries and offset lacklustre import/export figures exacerbated by Covid-19. Ministry of Commerce secretary of state Sok Sopheak said this on December 1 when he led a ministerial delegation to…
Although the capital source for the real estate market has become tighter and tighter, the latest report by the State Bank of Vietnam (SBV) shows that the total credit outstanding balance of the whole economy is VND8.3 quadrillion; of which, credit in the real estate field is about VND1.6 quadrillion, accounting for nearly 20 percent…
