Vietnam was issued a yellow card in October 2017 by the European Commission (EC) because of its faint attempt to eliminate illegal, unreported, and unregulated (IUU) fishing. According to its carding system, the EC has conducted several reviews of Vietnam’s fisheries and seafood-related policies and efforts to determine whether the yellow card would be maintained…
Quarantine requirements will be waived for vaccinated foreign visitors arriving on the resort island of Phuket from July 1, the first destination to reopen since the Covid-19 pandemic struck last year. The Centre for Economic Situation Administration, chaired by Prime Minister Prayut Chan-o- cha, on Friday approved the proposal by Phuket’s private sector and business…
Boncafé (Cambodia) Ltd and Tianle Food Global Co Ltd on Thursday signed a memorandum of understanding (MoU) to offer high quality beverages such as coffee and Italian Sodas at Papa John’s first outlet in Sangkat Chroy Chongva. Under the MoU, Boncafé Cambodia, the supplier of coffee equipment and beverage ingredients, will support Papa John’s expansion…
President of the Cambodian Aquaculturist Association (CAA) has requested that relevant ministries find a solution to the more than 20,000 tonnes of aquaculture fish left unsold as imports flood the market. CAA president Sok Raden said his 270-household-strong association have been devastated by a lack of interest from traders in their products, with many members…
The capital city is facing a surge in vacant retail space, a figure that has been expanding over time but with the onslaught of food delivery apps and e-commerce, and the ongoing risk of Covid-19, how will it all pan out? A while ago, businesses started to disappear from WB Arena, a sprawling $10 million…
Vietnam finished in the bottom five of a global sustainable tourism ranking, placing 96th out of 99 economies, making it among the world’s least sustainable travel destinations according to a Euromonitor International report. Vietnam joined Morocco, Mauritius, India and Pakistan in the bottom five of the ranking compiled by British market research firm Euromonitor. The…
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT). A large amount of investments from social resources has been poured into developing renewable energy, particularly solar…
The governor of Preah Sihanouk, Kuoch Chamroeun, has granted permission for three hotspots in Sihanoukville, Cambodia, including Jin Bei Casino and Hotel, to resume normal operations. All three branches of Jin Bei Hotel as well as Jin Bei Casino and Hotel were closed down in late February after two positive cases of COVID-19 among Chinese…
An evaluation process undertaken to determine whether fresh mango exports can meet China’s rigorous health standards is now complete, according to Agriculture Minister Veng Sakhon. The process, which was conducted at three mango farms and four water heat treatment (WHT) and vapour heat treatment (VHT) plants in Cambodia, was overseen by both customs officials from…
Gunkul Engineering Plc, a key renewable energy developer and construction company, is diversifying into cannabis development and hemp-based products by turning some of its wind farms into cultivation and production facilities. The company wants to take advantage of the state policy that delists marijuana and hemp from the narcotics category to earn extra revenue as…
The Ministry of Industry and Trade (MoIT) will issue a new price mechanism for rooftop solar power this month, with prices likely to fall to below 6 US cents per kWh, according to Hoang Tien Dung, Director of the ministry’s Electricity and Renewable Energy Department. Rooftop solar power will fetch only 5.2-5.8 US cents per…
Vietnam is expected to become one of the world’s top shrimp producers thanks to its positive response to the COVID-19 pandemic and its modern shrimp farming models, according to industry insiders. Robins McIntosh, Executive Vice President of the Charoen Pokphand Foods Public Company Limited, the largest integrated producer of aquaculture shrimp in the world, said…
Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) and Camobida have improved as early talks witness an increasingly positive sentiment, according to Cambodia’s Ministry of Commerce spokesman Seang Thay. Comprising five member states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – the EAEU is home to…
TNB Renewables, a wholly-owned subsidiary of Malaysian utility company Tenaga Nasional Berhad (TNB), will buy a 39% stake in five rooftop solar projects developed by Singapore-based Sunseap Group in Vietnam. The process will be completed by March 2021. Sunseap Group is a clean energy solutions provider in Singapore, with over 300 MW of contracted rooftop…
Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and US$ 1 billion, the ministry said. The…
Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. The ministry listed 43 such products on the roster…
Reports of government approval for what could become the Kingdom’s first pulp and paper mill in Kampot province’s Teuk Chhou district have galvanised investment hopes and instilled a renewed sense of opportunity in the southwestern coastal province. Last month, the Council for the Development of Cambodia (CDC) agreed to issue a final registration certificate for…
TEALIVE, the lifestyle tea brand in South-East Asia, is set to venture into Cambodia as brand owner Loob Holding Sdn Bhd has inked a master franchise agreement with a unit of HSC Group of Cambodia to set up 25 Tealive outlets in five years. Cambodia will be the eighth market for the Tealive franchise after…
