The Better Factories Cambodia (BFC) framework has expanded to include more manufacturing sectors. “BFC currently covers all exporting garment factories. Now the government has decided to expand the coverage to include travel goods and bag factories,” Ken Loo, secretary-general for the Garment Manufacturers Association of Cambodia (GMAC), said, calling the development “a clear indication of […]
Read MoreThe Hanoitimes – Phones and parts posted the largest export turnover among export items during January with US$6.1 billion, up US$3.4 billion against the same period of last year. Vietnam recorded a trade surplus of US$2.09 billion in the first month of 2021, which remained a stark contrast from a deficit of US$300 million in the […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters tallied US$62.3 billion in 2020, down 10.5% from a year before, mainly attributed to the pandemic. Of the total, the use of FTA privileges contributed $58.1 billion, down 11.4% year-on-year, while shipments under the GSP stood at […]
Read MoreThe Bank of Thailand (BOT) expects non-performing loans (NPLs) to rise this year amid the lingering Covid-19 impact on businesses. BOT senior director Suwannee Jatsadasak said commercial banks’ accumulated NPLs last year stood at Bt523.3 billion, or 3.12 per cent of total loans – up from 2.98 per cent in the previous year. “Most of […]
Read MoreThe Hanoitimes – Optimism about economic growth, however, is inversely proportional to respondents’ working position. A recent report from recruitment firm Navigos suggested more than 50% of workers are optimistic about Vietnam’s economic prospects this year, while 31% say the economy will decline. However, the report, which was conducted base on a survey on 6,000 employees […]
Read MoreExports rose for a second straight month in January, albeit at a slow pace, edging up by 0.35% from the same month of last year after a 4.71% year-on-year surge in December 2020. The Commerce Ministry reported that customs-cleared exports fetched US$19.7 billion in the first month of this year, with imports declining 5.24% to $19.91 […]
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Thailand
