Economy

Golden Dreams in Cambodia, ‘Nation of Gold’

Li Liang

Female employees at a Chinese garment factory. 

PHNOM PENH (Imaging Our Mekong)- The air was choking hot; the sun shone brightly. Motorcycles were weaving their way through the busy traffic of vehicles and pedestrians as dust flew around on the outskirts of the Cambodian capital. Row upon row of establishments flashed by, before we came upon an inconspicuous sign with five Chinese characters: ‘Jia Hua Gong Ye Yuan’, or the Jiahua Industrial Park.

CAMBODIA: Resource Curse or Blessing?

By Andrew Nette

PHNOM PENH, May 28 (IPS) - Cambodia is facing a natural resource boom, but donors and non-government organisations (NGOs) warn that this potential windfall could be squandered without measures to improve financial transparency, promote better governance and curb corruption.

China, Cambodia Get Closer

PHNOM PENH - China's Yunnan province expanded economic cooperation with Cambodia in fields ranging from real estate to hydropower plant and electricity transmissi­­­­­on network under new agreements signed here on Apr. 7.

Laos-Vietnam Trade Has Much Room to Grow

Bilateral trade between Laos and  Vietnam can be quadrupled to reach one billion U.S. dollars by 2010, A Lao official said in February.

VIETNAM: Poverty Pushes Farmers to Undercut Ban on Duck Breeding

Ngo Thi Thu Phuong – Vietnam News*

Duck raising, farmers' means of living

TAY NINH, Vietnam, Feb 12 (Newsmekong) - On a rough, earthen road surrounded by green rice paddies, Phan Anh Tam throws unhusked rice, mixed with mash and dried fish, to the thousands of white ducks waddling around his thin legs.

China’s Aid Flows Downstream to Laos

   By Qian Xiaofeng

The Lao National Cultural Hall, built with Chinese financial support.VIENTIANE -- In the centre of Laos’ leafy capital, just two blocks from where the Mekong River marks the border with Thailand, stands the Lao National Cultural Hall, a gleaming, modern structure trimmed with gold paint. Outside, a banner portrait advertising a concert by the South Korean pop star, Kangta, shows how the Lao People’s Democratic Republic, one of the world’s five remaining communist countries, is quietly opening to the outside world.

China Pulling Southeast Asia into Its Orbit

By Antoaneta Bezlova

BEIJING, May 1 (Newsmekong) - The global financial crisis is proving a boon for a resurgent China, which is poised to exert ever greater influence in Southeast Asia.

China Makes Deep Inroads into Cambodia

Antoaneta Bezlova

SISOPHON, Cambodia, Apr 10 (Newsmekong) – Chem Hout sits at the Maxxi coffee shop on a busy thoroughfare in this rural town of western Cambodia, waiting for the school bus to drop off his nine-year-old son. When the mini-bus eventually pulls by, it carries the Chinese characters for the local Chinese bilingual school – the enviable choice of Chem and other parents who can afford to send their children there.

For Vietnamese Farmers, Good Harvests Don’t Bring Good Sales

Tran Dinh Thanh Lam

HO CHI MINH CITY, Vietnam, Nov 6 (Newsmekong) – They produce the majority of rice for this South-east Asian country that ranks among the world’s top rice exporters, but farmers in the Mekong Delta are finding it hard to pick their way a mix of amid fluctuations in government policy, lack of credit, falling global prices and rice stocks sitting in their warehouses.

Cheap Chinese Products in Laos

Souvannaphet Champhone, Lamgneune Latsaath and Somphavanh Khamphachane, Producers, Lao National Television

Cheap Chinese Products in Laos
 

If you have a limited budget, buy products made in China.  This is common knowledge in Laos, where cheap household items, clothes and other consumer goods have been flooding in from the People’s Republic of China.

 Lao businessmen, however, are protesting against their aggressive Chinese competitors. Some allege that the low prices of Chinese products are due to unskilled laborers and low quality machines churning out substandard products. Illegal practices, such as unregistered businesses and tax evasion, are also rampant.