Major coffee producing countries like Vietnam and Indonesia are forecast to have sharp drops in output this year in part raising coffee bean prices. By: WATARU HAMANO TOKYO — Global coffee bean futures are near record or recent highs, fueled by increasing demand from a growing middle class in China and the rest of Asia…
By: Genevieve Donnellon-May Hun Manet, the new Cambodia prime minister and son of the previous prime minister and former military general Hun Sen, recently announced the implementation of a new strategic policy for local agriculture development. Under the new policy, the national government aims for Cambodia to become one of the world’s top ten agriculture-producing…
The Mekong Delta region is facing a staggering economic setback, with researchers estimating annual losses exceeding VND70 trillion ($2.96 billion) due to saltwater intrusion. The findings, presented by the Water Resources Science Institute under the Ministry of Natural Resources and the Environment at a Friday conference on water resource management, were based on sophisticated mathematical…
Economists are optimistic that bilateral trade between Cambodia and the United Arab Emirates (UAE) will further increase following the two countries’ commitment to strengthen and expand trade. The positivity comes in light of the implementation of the Cambodia-UAE Comprehensive Economic Partnership Agreement (Cambodia-UAE CEPA) set to come into effect soon. Minister of Commerce Cham Nimul…
TOKYO — Japanese trading house Itochu has begun full-scale sales in Japan of plant-based frozen precooked “chicken” products from Thailand’s biggest conglomerate, Charoen Pokphand Group. In cooperation with Itochu group company Prima Meat Packers and other partners, Itochu is selling the plant-based chicken, including nuggets and Japanese-style cutlets, at supermarkets and online shopping sites, through which…
SHAH ALAM: Sirim Bhd is working towards increasing jackfruit exports globally by commercialising the fruit as a meat substitute. President and chief executive officer Datuk Dr Ahmad Sabirin Arshad said that based on demand from Europe, the fruit had been accepted as an alternative to meat by people on a vegetarian diet. “As part of…
The government plans to look into building a proposed Sihanoukville Logistics Center (SLC), with support from the World Bank, to transform Cambodia into an “active distribution channel” for the region as well as to capture and maintain a sound competitive edge against its peers, according to Minister of Public Works and Transport Sun Chanthol on…
The Cambodia Korea Free Trade Agreement (CK FTA) which will be entering into force on the start of next month is expected to boost exports between the two countries and contribute to economic recovery. Prime Minister Hun Sen while speaking at the 10th anniversary of the Regional Comprehensive Economic Partnership (RCEP) on November 2 said…
Hin Pisei | Publication date 27 October 2022 | 20:13 ICT Agriculture minister Dith Tina (right) and Chinese ambassador Wang Wentian (third right) look at arrangements of Pailin longan at an event marking the inaugural export of the fruit from Cambodia to China on October 27. Heng Chivoan Longan on October 27 became the third…
Gains in exports and increased foreign direct investment (FDI) are expected to drive Cambodia gross domestic product (GDP) growth by 5.3 per cent this year and expand to 6.5 per cent in 2023, based on Asian Development Bank’s (ADB) latest prediction. According to its 2022 Asian Development Outlook, industrial production will rise 8.1 per cent…
Vietnam has asked the government of Cambodia to expand a shipping navigation route between its Phu Quoc island, Sihanoukville and Thailand as part of a coastal shipping lane cooperation deal previously agreed by the two countries and Cambodia. The request was made at a meeting between Phan Chi Thanh, the Vietnamese ambassador to Thailand, and…
Vietnam plans to strengthen and expand aquaculture cooperation with Cambodia, and provide the Kingdom with modern technology in a bid to spur development in the sector, according to the Ministry of Agriculture, Forestry and Fisheries. At a working meeting with agriculture minister Veng Sakhon last week, Vietnamese ambassador Nguyen Huy Tang contended that his country’s…
New York, N.Y. — Nguyen Coffee Supply announced the closure of a $2.6 million seed round of funding. The funding will advance Nguyen Coffee Supply’s mission to bring Vietnamese coffee–and the resilient robusta bean–to the masses and support the company’s expanding distribution and product innovation. The seed round will help transform the coffee industry through…
23/02/2022 08:03 GMT+7 A leader of Japan’s power producer EREX said the corporation is seeking to invest in biomass power in Vietnam, which holds great potential for biomass power development. Honda Hitoshi (R), chairman and general director of EREX, at a meeting with Vietnamese Minister of Industry and Trade Nguyen Hong Dien. – Photo:…
Leading Vietnam’s coffee renaissance has been Future Coffee Farm founder Toi Nguyen, whose plantation around 180 kilometers from Ho Chi Minh City has become an inspiration to new coffee farmers with grand ambitions of affecting coffee perceptions around the world. (Photo by Mervin Lee) PAVAN SHAMDASANI, Contributing writerFebruary 19, 2022 12:00 JST HO CHI MINH CITY…
Jackfruit or Artocarpus heterophyllus, the spiky, green, bulky fruit is a common sight in the backyard of almost every household on the south coast of India. When ripe and cut open, its yellow, fleshy and stringy interior wafts a very intense tropical smell. Besides being unique in their look and smell, they are also known…
Cambodia is basing hopes for a post-pandemic economy recovery on free trade agreements with China and South Korea, and membership in the Regional Comprehensive Economic Partnership. RCEP is a free-trade agreement including the 10 members of the Association of Southeast Asian Nations, as well as China, Japan, South Korea, Australia and New Zealand that will…
Long Dimanche, Deputy Governor of Preah Sihanouk Province, and Tu Xiaogang Du Xiaogang, Party Secretary of the Chinese Communist Party Committee in Wuxi, on December 17, chaired an online meeting on promoting regional development. Sihanoukville Special Economic Zone 2.0 (SSEZ), which is up 40% in value. Xiaogang, said that the video meeting was to determine…
PHNOM PENH, Dec. 12 (Xinhua) — Nearly 71 percent of the construction work on the Chinese-invested Phnom Penh-Sihanoukville Expressway has been completed despite the COVID-19 pandemic, the Cambodian Ministry of Public Works and Transport (MPWT) said in a news release on Sunday. MPWT’s secretary of state Yit Bunna visited the construction site in southwestern Kampong…
Phnom Penh and Beijing have agreed to bring the major bilateral Cambodia-China Free Trade Agreement (CC-FTA) into force in January, and renewed a pledge to boost trade to $10 billion per annum, according to Prime Minister Hun Sen. The prime minister made the remark on November 15 at a virtual meeting with his Chinese counterpart…
South Korean ambassador to Cambodia Park Heung-kyeong is highly optimistic that the new Cambodian investment law and free trade agreement (FTA) signed between the two countries would be important factors in enhancing bilateral trade and encouraging more direct investment flows from South Korea to the Kingdom. The ambassador made the remark on November 16 at…
The Cambodia government is working to transform Sihanoukville province, also known as Preah Sihanouk province, into a multi-purpose special economic zone (SEZ) after the province received the designation earlier this year. On June 9, 2021, Cambodia Prime Minister Hun Sen signed a sub-decree that will make Sihanoukville province a multi-purpose SEZ. The designation stands to…
The Cambodia-South Korea Free Trade Agreement (CK FTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. Cambodia Ministry undersecretary of state Pen Sovicheat told The Post on…
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SEZ) reached $1.373 billion in the first eight months of 2021, an increase of 44.37 per cent year-on-year, the operator reported. Using an earlier report as reference, this means the imports and exports that passed through the industrial zone last month alone…
PHNOM PENH, Sept. 12 (Xinhua) — Visiting China State Councilor and Foreign Minister Wang Yi and Cambodia Deputy Prime Minister and Foreign Minister Prak Sokhonn agreed here on Sunday to further enhance bilateral cooperation between their two countries. During a meeting with Prak Sokhonn, Wang said that he and Sokhonn have met face to face…
Cambodia is reportedly keen to set up a new joint team with the Eurasian Economic Union (EAEU) to push a more detailed examination of the possibility of formally launching free trade agreement (FTA) talks with the bloc soon, and add impetus to underwhelming bilateral trade ties. The initiative had been raised at the 3rd Joint…
Vietnam supply chain dislocation worsens as soaring cases of Covid-19 are seeing ships back up in greater numbers along Vietnam’s southern coastline, while ports are now turning away vessels and are struggling to source available containers. Ho Chi Minh City’s Cat Lai Terminal has stopped accepting reefer cargoes through to the middle of the month…
While Southeast Asia becomes embattled by the Delta variant of Covid-19 this summer, Cambodia’s people have cause to stay optimistic in a bright future. Cambodia has spent more than $1 billion to combat COVID-19, and herd immunity could be achieved by October, 2021. The tourism centers of Sihanoukville and Siem Reap are likely to evolve…
PHNOM PENH — In early June, nine women in red gowns held platters of mangoes as Cambodian and Chinese dignitaries cut a red ribbon strung between the piles of tropical fruit grown by farmers in Cambodia to celebrate new trade items sent to China. Concluded with the release of balloons, the ceremony at a wholesale…
The Cambodian Ministry of Commerce expects the ratification of the bilateral Cambodia China Free Trade Agreement (FTA) by the National Assembly “soon”. Cambodia hopes that the trade deal will widen the Kingdom’s export market, especially agricultural products, ministry spokesman Seang Thay told The Post on July 5. The CCFTA was signed by Cambodian Minister of…
World Bank on June 17 forecast Cambodia economic GDP growth to accelerate to 4.0% this year after contracting 3.1 per cent in 2020, thanks to a fast rollout of Covid-19 vaccines and the revitalisation of global demand. However, the Washington-based multilateral lender also offers a downside scenario, in which the jab drive loses too much…
Vietnam’s Ministry of Planning and Investment is drafting a decree to lift the development of enterprises investing in agriculture and rural areas in a bid to draw investment into the sector. According to the ministry, new policies are needed to encourage enterprises to invest in agriculture and rural areas and take advantage of new opportunities…
Vietnam farm exports to China posted impressive growth between January and May, with shipments of some produce even matching or surpassing the corresponding figures for the entire 2020, data of the Plant Protection Department under the Ministry of Agriculture and Rural Development showed. During the period, Vietnam shipped over 468,000 tonnes of mango to China,…
Although the economic crisis unleashed by Covid-19 has driven large international trade declines, Cambodia-US trade seems to have largely eluded the clutches of the pandemic wobbles, worth $2.6549 billion in January-April, an increase of 24.48 per cent over the $2.1327 booked in the same period of 2020. Of that, the Kingdom exported $2.5192 billion, up…
China has arranged a deal for Cambodia to export about 500,000 tons of fresh mango to the country, according to reports. After more than three years of negotiation, the Cambodian Ministry of Agriculture, Forestry, and Fisheries and the General Administration of Customs of China officially accepted 37 companies with mango farm and five companies with…
The private sector experienced a wave of renewed optimism that mango would become a valuable agro-industrial export and prove particularly attractive to investors, after Cambodia on May 7 shipped around 100 tonnes of fresh mango to China, in the Kingdom’s inaugural direct export of the fruit to the East Asian market. The official export came…
China has allowed Cambodia exports of fresh mangoes directly to its market after Chinese Customs on April 26 certified 37 mango plantations and five packaging factories as compliant with phytosanitary and packaging standards. The approval came after experts from the General Administration of Customs of the People’s Republic of China (GACC) in Guangxi province on…
MEKONG DELTA — Việt Nam wants to expand mango farming and increase exports of the fruit to US$650 million by 2030 amid growing global demand for it. Exports of the fruit have been rising over the years, reaching US$180 million last year. According to exporters, there is a lot of potential since global exports of mango…
Once considered a luxury, avocados have become part of Americans’ everyday diet. Now, Mission Produce (AVO), one of the world’s largest avocado distributors, wants to do the same for another fruit — mangos. The Oxnard, Calif.-based company’s founder and CEO Steve Barnard tells Yahoo Finance Live that the mango industry is ripe for a leader…
An evaluation process undertaken to determine whether fresh mango exports can meet China’s rigorous health standards is now complete, according to Agriculture Minister Veng Sakhon. The process, which was conducted at three mango farms and four water heat treatment (WHT) and vapour heat treatment (VHT) plants in Cambodia, was overseen by both customs officials from…
Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) and Camobida have improved as early talks witness an increasingly positive sentiment, according to Cambodia’s Ministry of Commerce spokesman Seang Thay. Comprising five member states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – the EAEU is home to…
Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and US$ 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…
The Sihanoukville Special Economic Zone (SSEZ) has reported export growth of 26.52 percent in 2020, a significant achievement in light of the COVID-19 pandemic. The value of goods exported from the SSEZ was $1.556 billion, according to the report obtained by Khmer Times on Friday. The zone’s main products are clothes, electronic devices, bags, construction…
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…
