CLMV News (5 September 2023)

CLMV Cambodia, Lao PDR, News, Viet Nam

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CAMBODIA

Ms. Cham Nimol, Minister of Commerce, expressed Cambodia’s commitment to work closely with all ASEAN member countries in the process of formulating the post-2025 ASEAN Vision to ensure that ASEAN can complete this work on time as planned. (Khmer Times)

LAO PDR

The cost of living is continuing to rise due to the depreciation of the kip, forcing thousands of people to seek jobs in other countries so they can earn enough money to survive. Although the rate of inflation rose more slowly in August at 25.88 percent, down from 28.64 percent in June and 27.8 percent in July, the rate is one of the highest in the region. The weak kip is one of the main factors driving inflation, according to a report from the Lao Statistics Bureau. (Vientiane Times)

VIET NAM

The General Department of Taxation has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025. (Viet Nam News)

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