CLMV News – 3 April 2023

CLMV Cambodia, Lao PDR, News, Viet Nam

CAMBODIA

Cambodia’s Ministry of Commerce said last Friday that the forthcoming 20th China-ASEAN Expo is a significant platform for trade and investment between China and the ASEAN. (Khmer Times)

LAO PDR

The government has called for in-depth preparations to welcome visitors in light of the rapidly rebounding tourism industry, adding fuel to efforts to revitalise the fragile Lao economy. (Vientiane Times)

The Head of the Lao government has requested help from the leadership of Yunnan province to encourage more Chinese companies to invest in Laos, using the potential offered by the Laos-China railway to boost trade cooperation between the two countries. (Vientiane Times)

VIET NAM:

The State Bank of Việt Nam announced it would reduce several policy interest rates from Monday, the regulator announced last Friday. (Viet Nam News)

In its report “The Economic Outlook for Southeast Asia, China and India 2023: Reviving tourism post-pandemic,” the OECD said Vietnam’s economic growth is driven by foreign investment in the manufacturing sector, especially electronics, machine manufacturing, textiles and footwear, and benefits from China’s loosening of Covid-19 prevention and control measures. (Vietnam Times)

The State Bank of Việt Nam has asked the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions. (Viet Nam News)

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