Vietnam asks Cambodia to reverse catfish import ban
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Vietnam is calling on neighboring Cambodia to reconsider its recent ban on imports of catfish, which includes pangasius from Vietnam.
Cambodia’s Ministry of Agriculture, Forestry, and Fisheries on 8 January announced a decision to suspend imports of four catfish species, including pangasius, from neighboring countries to protect local farmers, according to a statement from Vietnam’s Ministry of Industry and Trade.
Following Cambodia’s move, the Vietnam ministry has met with officials from Vietnamese provinces bordering Cambodia and relevant seafood exporters to discuss the situation. The ministry learned of Cambodia s action only after catfish cargoes exported through Khanh Binh Border Gate in Vietnam’s An Giang Province failed to get through customs clearance in Cambodia and were sent back to Vietnam, it said.
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E-commerce expected to grow this year in Vietnam
Wed, 27 January 2021
Vietnam s Ministry of Industry and Trade plans to accelerate the implementation of the national e-commerce development master plan for 2021-2025 to keep up with the growth of digital trading activities.
Head of the ministry’s E-Commerce and Digital Economy Department Dang Hoang Hai said: “By 2020, 53 per cent of the population participated in online shopping.
“Despite the impact of the Covid-19 pandemic, local e-commerce revenue grew 18 per cent, reaching $11.8 billion, accounting for 5.5 per cent of total retail sales, consumer goods and services nationwide.”
The ministry representative said with the support of electronic payments it would focus on developing e-commerce infrastructure, building and perfecting institutions and legal framework for e-commerce, creating a transparent and favourable legal environment for businesses and consumers in Vietnam.
THE relatively low-profile Toyo Ventures Holdings Bhd recently came into focus for its US$3.23bil Vietnam power plant contract after a long 12-year wait.
The group surprised the market recently with an announcement that it had finally executed the build, operate and transfer (BOT) contract with Vietnam’s Ministry of Industry and Trade (MOIT) for the development of the US$3.23bil (RM13.05bil) Song Hau 2 Thermal Power Plant project. The project was first announced in 2008.
The project, known as the Song Hau 2 thermal power plant, involves two electricity generation facilities of 1,060MW each and will be developed on land of 117.39ha.
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A severe shortage of shipping containers is leading to rising shipping costs and difficulty moving goods, playing havoc with seafood exporters in Asia.
The shortage has been felt by all major exporters in Vietnam, Thailand, China, and India. Data from Vietnamese seafood exporters show that the shipping cost to the European Union rose between 145 percent and 276 percent in January, compared to December last year.
Shipping rates from Vietnam to major ports this month increased to USD 7,000 (EUR 5,798) per container, from USD 2,850 (EUR 2,360) per container last month. Some carriers charged as much as USD 10,550 (EUR 8,738) for a container this month, up from USD 2,800 (EUR 2,319) per container in December.
KUALA LUMPUR: Chip makers and tech-related stocks continued to outshine the broader market with MPI scaling to fresh historic highs.
At 3.30pm, the FBM KLCI was down 16.76 points or 1.03% to 1,610.25. Turnover was 5.46 billion shares valued at RM3.05bil. There were 403 gainers, 789 losers and 359 counters unchanged.
MPI rallied RM1.50 to RM30.22 with 767,700 shares done, UWC and JF Tech 76 sen each to RM11.52 and RM6.78, PMB Tech 60 sen to RM5.30, Genetec 56 sen to RM2.65.
Toyo Ventures climbed 41 sen to RM3.06. Its shares had been rallying, amid a mild pullback, despite Bura Securities’ move to freeze the upper limit of the share price on Dec 31.