CLMV News – 2 June 2023

CLMV Cambodia, Lao PDR, News, Viet Nam

CAMBODIA

Prime Minister Hun Sen said future leaders of Cambodia and government institutions must allocate a budget for infrastructure projects that would help expedite economic growth. (Khmer Times)

LAO PDR

The Bank of the Lao PDR has informed key stakeholders of the objectives of its credit policy in order to stimulate economic growth as part of the implementation of a resolution of the National Assembly. (Vientiane Times)

While investment in concession operations and special economic zones dropped in Laos last year, the number of newly registered businesses has increased significantly, a new report has unveiled. The value of authorised investment in concession projects dropped from US$7.39 billion in 2020 to only US$2.41 billion in 2021 and US$2.14 billion in 2022, according to the latest report from the Macro-economic Research Institute of the Lao Academy of Social and Economic Sciences. (Vientiane Times)

VIET NAM

National Assembly deputies are calling for practical policies to ensure social welfare for workers whose lives are affected as their employers are facing difficulties. Tuyên Quang Province’s NA Deputy Ma Thị Thúy said that the number of enterprises going out of business has increased by 25.1 per cent compared to the previous year, equivalent to 77,000 companies. (Viet Nam News)

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