CLMV News – 7 June 2023

CLMV Cambodia, Lao PDR, News, Viet Nam

CAMBODIA

Prime Minister Hun Sen said here on Monday that the Southeast Asian nation is projected to graduate from a least developed country status by 2027. (Khmer Times)

LAO PDR

The World Bank has approved a US$51-million Power Distribution Improvement Project to increase the capacity and efficiency of Laos’ electricity grid, and to strengthen financial management at the state electricity company. The state electricity company, Electricité du Laos, lacks the necessary resources for system maintenance and upgrades, leaving it unable to invest in the equipment and systems needed to address growing demand, deteriorating infrastructure, and the seasonal imbalance in Laos’ electricity supply. (Vientiane Times)

VIET NAM

The Index of Industrial Production in May continued to recover, but enterprises are still facing difficulties due to the impact of increasing input production costs, according to the General Statistics Office. (Viet Nam News)

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