CLMV News (7 September 2023)

CLMV Cambodia, Lao PDR, Myanmar, News, Viet Nam

CAMBODIA

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has praised a Singapore and Cambodia registered fintech firm Boost Capital for using innovative technologies to facilitate loans for the unbanked and underbanked entrepreneurs. (Khmer Times)

LAO PDR

The government needs to undertake further intervention and explore more cost-effective importing markets to lower the cost of essential consumer goods amid skyrocketing living costs, a senior economist has suggested. (Vientiane Times)

The Bank of Lao PDR announced that it will issue the third phase of its government bonds, worth LAK 3 trillion (approximately USD 160 million), to restore the stability of the national currency and address economic and financial difficulties in the country. (Laotian Times)

MYANMAR

Southeast Asian leaders decided that Myanmar won’t take over the rotating leadership of their regional bloc as scheduled in 2026, in the latest blow to efforts by its ruling generals to gain international recognition after violently seizing power in 2021. (CNBC)

Myanmar’s junta will likely hold elections in 2025, even as the military struggles to crush resistance to its rule, officials of the Union Solidarity and Development Party said. (Myanmar Now)

VIET NAM

Việt Nam is soon to introduce a new set of national criteria aimed specifically at speeding the development of green industries, in line with international standards, according to the Ministry of Planning and Investment. (Viet Nam News)

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