CLMV News – 5 June 2023

CLMV Cambodia, Myanmar, News, Viet Nam

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CAMBODIA

Cambodia and Vietnam have signed an agreement to promote bilateral trade for 2023-2024, noting that it is an important mechanism that will promote and enhance bilateral cooperation in all sectors. (Phnom Penh Post)

MYANMAR

The UN warned last Friday that far too little aid is reaching cyclone-hit areas of Myanmar and the country could face a major food crisis soon if farmers are unable to plant crops. (AP)

Myanmar border trade merchants say that trade fell in the first two months of this FY 2023-24 because of tighter restrictions on border trade. (Mizzima)

VIET NAM

Việt Nam will be a key driver of global trade growth, with its exports projected to reach US$618 billion by 2030, an annual growth rate of 7 per cent, outpacing the global average of 5 per cent by a significant 2 percentage points. This information was released in the Future of Trade: New opportunities in high-growth corridors research report by Standard Chartered. The report projects that global trade is set to reach $32.6 trillion with a growth rate of 5 per cent by 2030. (Viet Nam News)

Việt Nam spent nearly US$270 million on importing 10,000 completely-built automobiles (CBUs) in May 2023, a decrease of 6.3 per cent from a year earlier. (Viet Nam News)

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