CLMV News (25 October 2023)

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

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CAMBODIA

Cambodia will bank on scaling up solar projects and electricity imports from neighbouring countries through regional grid interconnections to address volatility in hydropower output and rising power demand, its energy minister told Reuters. (Reuters)

LAO PDR

The Lao government’s Small and Medium Enterprises Promotion Fund has injected 152 billion kip (some 7.3 million US dollars) in financing for SMEs through commercial banks to mitigate the impact of the COVID-19 pandemic. (Xinhua)

MYANMAR

Myanmar exported more than 414,469 tons of black grams over the first six months of the current fiscal year 2023-24, according to the country’s Ministry of Commerce on Tuesday. (Xinhua)

VIET NAM

The bad debt ratio of the banking system skyrocketed from 2 per cent at the beginning of this year to 3.56 per cent, or more than VNĐ440 trillion, at the end of July 2023, according to the latest data from the State Bank of Vietnam. (Viet Nam News)

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