Building water links from Cambodia to Vietnam

Authorities are planning upgrades to effectively double the capacity of boats travelling from Phnom Penh Autonomous Port to Vietnam, according to port Director General Hei Bavy.

A 2009 agreement with Vietnam authorities allows ships travelling down the Mekong from Cambodia to off-load at Cai Mep deepwater port near Ho Chi Minh City, and re-load onto larger vessels to make the trip overseas. Although the agreement has led to a large increase in shipments from Phnom Penh Autonomous Port (PPAP), experts say more could be done to improve the link. Read more of this post

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Fast freight: Coastal port sees more shipments

Freight shipments passing through Sihanoukville Autonomous Port (SAP) jumped nearly 7 percent year-on-year through the first seven months of 2011, according to official figures released yesterday.

Total freight shipments through July reached 135,324 TEUs (twenty-foot equivalent units), up 6.75 percent from the same period last year. At the same time, total tonnage increased 13 percent to 1.4 million tonnes.  Read more of this post

Rice traders see room to grow in US market

Cambodian rice imports to the US have increased recently, and producers now say they are seeking to maintain quality standards to continue shipments.

“Cambodian rice was imported into the US before, but the companies couldn’t sustain the quality of rice after the initial shipment,” Phanarith An, who works with rice importer Angkor International, said as a guest on “Hello VOA” Monday. “So customers complained and the companies went out of business.”

“Thanks to state-of-the-art machines and the selection of crops,” he said, “we can now guarantee the consistent quality of our rice.” Read more of this post

Shipments increase at Sihanoukville Port

FREIGHT shipments through Sihanoukville Autonomous Port saw year-on-year growth of more than 14 percent in the second quarter of the year, according to official SAP figures. 

The total number of twenty-foot equivalent units that passed through the port rose 112,594 in the first six months, up 8.6 percent from 103,624 TEUs compared with the same period last year, SAP said.

The port saw large increases in the shipment of goods such as garment products, rice, coal, vehicles and machinery and construction materials between January and June, Read more of this post

Vietnam’s deep-water links spur Phnom Penh Port growth

Vietnam’s Cai Mep port has contributed to a growth in shipments from the Phnom Penh Autonomous Port (PPAP) this year, Cambodian officials say.

The Vietnamese deep-water port, near Ho Chi Minh  City, allows cargo to be transferred to ships travelling to more distant markets such as the European Union. 

“We have noticed that since we began operations [through Cai Mep] to the EU, the shipments have increased,”  PPAP commercial director Eang Veng Sun said. Read more of this post

Meat price rise

Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department.

Local vendors say the price increase comes due to a decrease in imports, forcing purchases of domestically produced animals.

“We started to see price increases back in September last year,” Central Market pork vendor Nary Chey said yesterday.

“I used to pay 17,000 riel (US$4.14) per kg [for my supply], but currently I pay 22,000 riel. It’s harder to sell because of the increases; I only sell 40 kilogrammes each day now, when before I sold 70 kilogrammes.”  Read more of this post

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say.

The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, but experts say Cambodia is dependant on Thai pig imports to meet domestic demand. Read more of this post

Vietnamese trade with Cambodia jumps 41%

The trade value between Viet Nam and Cambodia in the first five months rose by 41% to more than US$1 billion, the Viet Nam Trade Office in Phnom Penh said.

Viet Nam’s exports were worth $891 million, an increase of 139 per cent, while Cambodia’s exports rose by just 3.2 per cent to $124 million. Read more of this post

Bilateral Vietnam trade up with increasing imports

Cambodia’s bilateral trade with Vietnam has increased by 41 percent to the end of May compared to the period last year, according to figures from the Vietnam Trade Office in Phnom Penh.

The growth comes due to the increased presence of Vietnamese investors in the Kingdom, said Tran Tu, a trade attaché at the trade office.

“Now they are carrying out their investments, so they need to import raw materials and machinery in order to do business here. That’s why our exports to Cambodia rose dramatically,” he said.

Total bilateral trade for the first five months reached just over US$1 billion, a jump from $718 million in the same period last year, according to the Vietnam Trade Office in Phnom Penh.  Read more of this post

Bangladesh, Cambodia to tie up for agri sector cooperation

Bangladesh is set to tie up with Cambodia for promoting investment and development co-operation in agricultural sector aiming to raise food grain production through taking some of the latter’s land on lease, officials said. 

The Prime Minister of the South-East Asian nation Hun Sen is scheduled to visit Dhaka soon when the two countries are expected to sign a number of deals on bilateral cooperation, mainly on farming, the official added.

“The major cooperation will be in the agricultural sector as food shortage-stricken Bangladesh seeks to take land on lease from Cambodia to produce rice there and bring the same back to meet local demand,” a senior commerce ministry official told the FE. Read more of this post