CLMV News (10 November 2023)

CLMV Cambodia, Lao PDR, News, Viet Nam

CAMBODIA

Cambodia must maintain open market access for goods and services to remain competitive and offset the loss of preferences which will result when it graduates from Least Developed Country status by early 2027, according to former commerce minister Pan Sorasak. (Phnom Penh Post)

LAO PDR

The Lao economy continued to grow at an average of 4 percent annually over the past few years, though the quality of growth was not high due to the depreciation of the kip. This was stated by the Minister of Planning and Investment, Mr Khamjane Vongphosy, while responding to a lawmaker’s question at the ongoing session of the National Assembly in Vientiane regarding progress in implementing the target for economic growth and measures to curb inflation. (Vientiane Times)

VIET NAM

As carbon taxes and credits become more prevalent across markets around the world, Việt Nam is seeking ways to demonstrate its responsibility in decarbonisation and help local businesses adapt to change. An official circular on measuring greenhouse gas emissions is expected to be released this November, taking Việt Nam a step closer to its target of net-zero emission in 2050. (Viet Nam News)

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