CLMV News – 2 May 2023

CLMV Myanmar, News, Viet Nam

MYANMAR

On the occasion of the 133rd International Workers’ Day, also known as May Day, Solidarity of Trade Union Myanmar has declared their demands for improved conditions and increased wages for workers in Myanmar, according to the organization’s official statement. (Mizzima)

The use of the Chinese currency Yuan was more than the US dollar in Myanmar border trade with China, agencies report. In settlement of transactions on border trade with China, 48.4% was in Yuan and the data shows the two countries are abandoning the US dollar in favour of the Yuan. (Mizzima)

VIET NAM

Thái Nguyên Province is planning to establish 16 new industrial zones and industrial clusters from now until 2030. The province, known as the tea capital of Việt Nam, aims to enhance the construction and infrastructure investment of industrial zones and clusters, as per the Thái Nguyên Province’s master plan for the period 2021-30, approved by the Prime Minister. (Viet Nam News)

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