CLMV News (22 August 2023)

CLMV Lao PDR, Myanmar, News, Viet Nam

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LAO PDR

The ADB has approved a $45 million financing package to help strengthen quality health care in 16 districts across 10 provinces in the Laos. (KPL)

The Bank of Lao PDR has issued a statement to dismiss false claims circulating online that suggest foreign currency bank account holders may no longer be able to make transactions in their respective currencies. (Laotian Times)

MYANMAR:

The Myanmar regime-controlled Central Bank of Myanmar had more than US$6.8 billion in foreign reserves as of March this year in 14 overseas banks in Asia, Europe and the US, according to a CBM document seen by The Irrawaddy. Among the 14, nine Singaporean banks held more than $4.5 billion—more than half of Myanmar’s total foreign reserves. (The Irrawaddy)

VIET NAM

Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum. (Vietnam Plus)

The General Department of State Reserves said it has proactively reviewed and balanced the national food reserves to keep the inventory at a reasonable level to serve the regulated tasks, quickly and effectively respond to every unexpected or urgent circumstance, and prevent food shortages during between-crop periods, natural disasters, and epidemics. (Vietnam Plus)

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