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Chinese firm to carry out 160-mln-USD logistics project in Cambodian capital | World | Vietnam+ (VietnamPlus)

Chinese firm to carry out 160-mln-USD logistics project in Cambodian capital hinh anh 1The Cambodian private transport sector currently faces a severe shortage of lorry parking (Source: Phnompenhpost)

Phnom Penh (VNA) China Good Cars Holding Ltd is looking for a strategic
location for its proposed 160-million-USD modern heavy vehicle parking terminal
on the outskirts of Phnom Penh to serve as a major gateway into the capital,
the Phnom Penh Post reported on July 2.

representatives recently met with Phnom Penh municipal Governor Khuong Sreng to
discuss the project.

Spokesman of the Phnom
Penh Municipal Hall Met Meas Pheakdey said the capital city strongly supports
the project, given the severe shortage of lorry parking in the capital.

Cambodia Logistics
Association President Sin Chanthy stated that the facility, once operational, will
improve freight transportation and logistics in the country.

He said the private
transport sector currently faces a severe shortage of lorry parking.

The number of
registered vehicles in Cambodia rose 13 percent last year. Newly registered
vehicles last year totalled 640,183, including15,956 heavy vehicles, 92,958
cars and 531,269 motorcycles.

The COVID-19 is
seriously affecting the country’s logistics sector, with 10-15 percent of firms
forecast to go bankruptcy in the next three months./. 



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Cambodian logistics providers predicted to face bankruptcy amid COVID-19 | World | Vietnam+ (VietnamPlus)

Cambodian logistics providers predicted to face bankruptcy amid COVID-19 hinh anh 1Cambodian logistics providers predicted to face bankruptcy amid COVID-19 (Photo: The Khmer Times)

Phnom Penh (VNA) – The on-going COVID-19 pandemic is seriously damaging Cambodian logistic
providers, with about 10-15 percent heading for bankruptcy in the upcoming
months, according to the Cambodia Freight Forwarders Association (CFFA).

The Khmer Times quoted CFFA President Sin Chanthy as saying that many
providers are struggling to survive, some had already gone bankrupt, and
others will file for bankruptcy within the next two or three months.

The logistics providers have been adversely affected the COVID-19 pandemic, and
it hasn’t seen any sign as to when the situation will recover, he said.

Chanthy added that the traffic of goods and product exports have
dropped about 70-80 percent because there has been a dramatic decrease in
buying orders.

More than 100 member logistics firms of CFFA are struggling to survive as they are
facing financial distress, with an estimated 60 percent decrease in revenue, he

The Cambodian Government decided to cut the 2021 State budget to 4 billion USD due to the impact of COVID-19, 50
percent drop from this year’s State budget. The Southeast Asian nation’s economy
is expected to grow by 3.5 percent next year.

Previously, the Asian Development Bank predicted Cambodia’s economic growth
will expand 2.3 percent  in 2020, while the
International Monetary Fund forecast that Cambodia’s GDP will experience a negative growth of 1.7 percent in 2020./.



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200 Economies: The First Business Journey to Every Country of the World

Business Advisor Lorenzo Riccardi visited 200 countries and territories, collecting data and economic trends, completing the greatest business travel around the world

MILAN, June 25, 2020 /PRNewswire/ — The project 200 Economies has ended at the beginning of 2020: the largest world business journey conceived by the international CPA and passionate traveler Lorenzo Riccardi, who was able to combine his interest for new geographies with the current trends of an always more global economy.


Business Advisor Lorenzo Riccardi completed the greatest business travel around the world


The project started from the concept of “G-200,” an ideal cluster including all the countries in the world. Globalization has indeed allowed the creation of always more interactions among different countries in terms of trade, finance, investments, diplomacy and culture. G-200 is a project promoting a future change from G-20 to a global economy with investments to all developed, emerging and frontier countries.

With the last travel to Trinidad and Tobago, Lorenzo Riccardi has completed his own Grand Tour to every economy of the world visiting 200 countries and territories, including all member states of the United Nations (193) and carrying out the greatest business tour around the world. Over the years Riccardi has planned itineraries and collected economic data on a dedicated website (, organizing conferences under the patronage of investment agencies and government organizations.

Lorenzo Riccardi has been living in China, leader country of the emerging markets, for 14 years and decided to follow the new path of Chinese investments from the Great Wall to the entire world as a modern Marco Polo. A complex travel, in stages, along the Silk Road and the global market to catch all the newest economic trends under the influence of Washington and Beijing.

After the pandemic the concept of travelling will probably change but the importance of global markets will not vary. To travel to different regions and in all the UN countries it takes a good organization, both from a logistic and bureaucratic point of view: there are many visas difficult to get such as the one for Equatorial Guinea and Turkmenistan. Also, many areas are not well connected by flights, like for example Kribati which is the most easterly country in the world or Nauru which is the least visited with only 180 visitors per year. It’s also important to have a good knowledge of dangerous areas, where there are ongoing wars (Iraq, Syria, Lybia), or areas at risk of serious illnesses (such as Ebola in the Democratic Republic of the Congo, Yellow Fever in most parts of Africa and Covid today on a global scale). Moreover, different time zones and weather conditions, political systems and religious influences are important factors to be take into consideration when planning journeys and also to understand all the different regions.

“To understand the global development, it’s important to travel from China to the rest of the world,” says the creator of the project “200 Economies” Lorenzo Riccardi“In Southeast Asia, Thailand and Vietnam both represent the ideal partners for investments in that area with export trades towards West. In Africa the influence of Beijing is tangible: the new airport of Algiers, the railways along the coasts of Nigeria, the AU Conference Center and Office Complex in Addis Abeba and the biggest mosque of the continent have all been built by Chinese companies. Also, in Oceania, one of the regions most influenced by the US, the Belt and Road projects brought to the construction of new airports, roads and infrastructures connecting the Pacific area with Asia, both from an economic and geographic point of view.”

About Lorenzo Riccardi

Lorenzo is an International CPA and the Managing Partner of RsA. Researcher at Shanghai University; has covered roles in the governance of institutions, nonprofit and multi-nationals, including some the largest luxury, mechanical and food groups. He is a regular speaker on emerging Asia and has multi-language publications, including: China Accounting Standards (Springer), Ásia: Economia, fiscalidade e Investimento (Nova Delphi), Vietnam Tax Guide, (Springer), Investing in China through Free Trade Zones (Springer), Gli investimenti in Asia Orientale (Maggioli), Guida alla fiscalità di Cina, India e Vietnam (Il Sole 24 Ore).

Previously Lorenzo Riccardi had travelled the entire Eurasian region overland. He’s now one of the greatest travelers in the world, having visited every sovereign country and after this journey he won’t stop and will seek new paths looking the world as a Western citizen based in Asia, exploring the opportunities offered by the globalization in each region.

Photo –

Giulia Consiglio
E: [email protected]
M: (+39) 3462536872


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Thailand aims to attract more foreign investment during COVID-19 | World | Vietnam+ (VietnamPlus)

Thailand aims to attract more foreign investment during COVID-19 hinh anh 1Thailand’s capital Bangkok (Source:

Bangkok (NNT/VNA) – To cope with the adverse impact of
COVID-19 on foreign investment, Thai Deputy Prime Minister Dr. Somkid
Jatusripitak, has assigned the Board of Investment (BOI) to fine-tune its work
by highlighting the strengths of the country to attract more foreign investors.

The board was urged to focus on agricultural business to help raise income
distribution in the local economy.

Deputy Prime Minister Somkid said that the BOI will find ways to create strong
points in the country’s investment sector during the pandemic, which is
expected to have an impact on the global economy for one to two years.

They will focus on the food industry, agriculture, processed food, medical
services, tourism, logistics and digital technology, in an effort to make
Thailand the investment center of the CLMTV (Cambodia, Laos, Myanmar, Thailand
and Vietnam) region.

Investment in the agricultural sector will create jobs and
incomes for both small and new farmers. The BOI will use its mechanisms and
develop investment packages to support connectivity between the smart farmers’
group, local farmers and universities to help raise income distribution in the
local economy.

To raise more funds from foreign investors in five years from
now, the board has to help produce more unicorn businesses in Thailand. A
unicorn is a startup company valued at more than 1 billion USD. This will
enable the country to advance from being just part of a supply chain for
foreign entrepreneurs./.



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Indonesia allows nine economic sectors to resume activities | World | Vietnam+ (VietnamPlus)

Indonesia allows nine economic sectors to resume activities hinh anh 1Illustrative image (Photo:

Hanoi (VNA)
– The Indonesian government has allowed nine sectors to resume
their activities, according to head of the COVID-19 Task Force Doni Monardo.

The sectors are mining, oil and gas, industry,
construction, plantation, agriculture and husbandry, fisheries, logistics and cargo transportation.


This plan is based on data-driven public health indicators,
he said, adding that nine sectors face low risk
caused by the COVID-19 pandemic but are able to create broad work opportunities
and significant economic effects

Moreover, apart from health assessments,
the reopening of the nine sectors was heavily based on its
effects on the nation’s workforce, sectoral gross regional domestic product,
and sector linkage index. 

Monardo said their operations will be
under close monitoring by state-institutions, central task force, and public
elements alike. Business activities of these nine sectors will possibly
face another temporary closure if they are found with new COVID-19 cases./.



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Vietnam’s agriculture aims for world top’s 15 by 2030

The Government has recently issued Directive No.25/CT-TTg on several tasks and solutions to develop the processing industry of agro-forestry-fishery products and mechanisation of agricultural production.

Under the directive, Vietnam also aims to become a deep processing and logistics powerhouse in global agricultural trade.

The Government has asked the Ministry of Agriculture and Rural Development (MARD) to promptly build projects to develop the agricultural processing industry, striving to rank among the world’s top five countries in the processing of vegetables, tubers, fruits, seafood, wood and wood products. These projects must be submitted to the Prime Minister in the fourth quarter of this year.

Meanwhile, the progress of key projects on agricultural processing should be accelerated in alignment with promoting the productivity of current processing plants to serve demand for domestic consumption and export.

The MARD is also directed to coordinate with the Ministry of Science and Technology to implement the national technology innovation fund and the national product development programme to support enterprises in improving agricultural processing and preservation technologies.

The two ministries are also assigned with building a set of criteria for evaluating the capacity of the agricultural processing industry and agricultural mechanisation.


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Cambodia to organise ASEM 13 as scheduled | World | Vietnam+ (VietnamPlus)

Cambodia to organise ASEM 13 as scheduled hinh anh 1Cambodia to organise ASEM 13 as scheduled. (Photo: khmertimeskh)

Phnom Penh (VNA)
– Cambodia will go ahead with plans to host the 13th Asia-Europe
Meeting (ASEM 13) from November 16-17, said Luy David,
Secretary of State for Foreign Affairs and International Cooperation and Head
of the ASEM 13 National Secretariat.

The National
Committee for Organising ASEM 13 and the Committee’s Secretariat is continuing
with the summit’s preparations as already set and approved by leaders of
Asia-Europe nations, Luy said.

The invitation
letters signed by the head of the Cambodian government have been sent to all parties and some
leaders have already confirmed their attendance, he noted.

The official believed that COVID-19 is still a risk that can affect the planning of the
summit, so close attention is being paid to developments of the pandemic in Cambodia and the world.

According to
Luy, Cambodia has done a lot to prepare for the summit, for example, the
construction of the venue is almost completed while logistics for the heads of
state and government of the 53 countries and partners have already been

Last week, Cambodian
Minister of Foreign Affairs and International Cooperation Prak Sokhonn chaired
the fourth meeting of the National Committee for the Preparation of the 13th
ASEM Summit.

The ministry’s spokesperson Koy Kuong confirmed on May
24 that the date fixed for ASEM 13 remains unchanged./.



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Singapore, China enhance cooperation in CCI framework | World | Vietnam+ (VietnamPlus)

Singapore, China enhance cooperation in CCI framework hinh anh 1Illustrative image (Photo: Internet)


Singapore (VNA)
Singapore and China have reached eight MoUs on promoting cooperation in areas including financial services, trade in
food products, transport and logistics.

The Singapore Trade and
Industry Ministry said on May 12 that the deals were signed at a teleconference
of the Joint Implementation Committee for the Chongqing Connectivity Initiative
(CCI). However, the ministry did not elaborate on the details of the

The ministry said discussions at the conference focused on ways to enhance cooperation in the
three priority fields in the framework of CCI, which are financial services,
aviation and logistics-transport, as well as how to promote the CCI-New
International Land-Sea Trade Corridor (CCI-ILSTC).   

In the CCI framework, a total of 34 projects have been
proposed, covering such fields as commerce logistics, smart manufacturing,
smart tourism and internet of things (IoT)./.



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Logistics in Indonesia down by more than 50 percent amid COVID-19 outbreak | World | Vietnam+ (VietnamPlus)

Logistics in Indonesia down by more than 50 percent amid COVID-19 outbreak hinh anh 1A cargo plane of Garuda Indonesia (Courtesy of/

Jakarta (VNA) –
Logistics companies have experienced a more than 50 percent decline in overall business performance since the COVID-19
outbreak hit Indonesia in early March, the Indonesian Logistics Association
(ALI) reported.

association’s chairman, Zaldy Ilham Masita, said logistics volume has been down 60 to 70 percent across the

Zaldy said
business-to-consumer (B2C) and customer-to-customer (C2C) delivery services had
experienced growth despite the outbreak but the increase was too small to
compensate the sharp drop in the business-to-business (B2B) segment.

The B2C and C2C segments recorded growth due to the increase in demand for
food, perishables and medical supply deliveries despite large-scale social
restrictions, he said, adding that all three categories had seen a 100 percent
increase since March.

went on to say that during Ramadan, shipment volume usually increased by 30 to
50 percent, adding that however, this year the volume would be down 40
percent from last year.

prediction is based on lower consumer spending because there have been layoffs
everywhere and holiday bonus (THR) cuts, he said.

also predicted that the logistics sector would return to normal in the first
quarter of 2021. In the meantime, he said, logistics companies could begin
digitalizing operations and broaden services, such as catering to
more B2C clients to survive the outbreak. 

Chain Indonesia (SCI) chairman Setijadi also said spending on tertiary goods
such as automotive, electronics and fashion had declined amid the outbreak,
while medical supplies and health products were likely to continue their growth

the SCI estimated the logistics sector would grow around 12.7 percent this
year, with a contribution to GDP of 993.9 trillion Rp (63.9 billion USD).
However, Setijadi said the SCI would revise the estimate because
COVID-19 had severely affected global trade and logistics activities./.



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Thailand: Chicken exports to grow 10 percent this year | World | Vietnam+ (VietnamPlus)

Thailand: Chicken exports to grow 10 percent this year hinh anh 1Chicken meat for sale at a market in Bangkok (Photo: VNA)


Bangkok (VNA)Thailand’s chicken meat exports are
expected to rise 10 percent this year, boosted by higher demand amid the
COVID-19 pandemic.

President of the Thai Broiler Processing Exporters Association,
Anan Sirimongkolkasem, was quoted by local media as saying on April 23 that chicken
exports are estimated to rise by 33 billion THB (1 billion USD) this year to
140 billion THB (4.32 billion USD).

Foreign orders may decline in the second and third quarters,
however, due to the lockdown measures introduced by several countries, including the US, the EU, and Japan, to curb the spread of COVID-19.

Thailand shipped 229,572 tonnes of chicken meat in the first
quarter, up 2.7 percent year-on-year and worth 881 million USD, up 7.2 percent.

Japan, a leading buyer of Thai chicken, is expected to buy even
more as rival Brazil faces an escalation in COVID-19 cases.

According to Thailand’s Minister of Commerce Jurin Laksanawisit,
the COVID-19 outbreak may disrupt transport and logistics systems or result in
higher costs thanks to stricter safety measures, but many countries remain
interested in importing Thai chicken thanks to the country’s effective measures
in handling the COVID-19 outbreak./.



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