The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks.
Thailand has set up war rooms staffed by senior officials of the Ministry of Commerce and representatives from private organisations to spur exports, tackle obstacles to trade, and curb the negative impact of a global economic slowdown in 2023.
Cambodia, the ASEAN Chair in 2022, applauded important discussions related to economic cooperation and development orientations among CLMV countries at the 14th Cambodia, Laos, Myanmar and Vietnam Economic Ministers' Meeting (CLMV-EMM 14) in Cambodia, including the approval of the CLMV Action Plan for the 2023-2024 period.
Vietnam appears to be leading the economic recovery among four emerging economies in ASEAN known collectively as CLMV (Cambodia, Laos, Myanmar and Vietnam), with exports and manufacturing already "far above" pre-pandemic levels, according to Maybank Kim Eng.
Economic recovery in CLMV countries (Cambodia, Laos, Myanmar and Vietnam) depends on their ability to contain the second wave of the COVID-19 pandemic, according to a report from Maybank Kim Eng.
Potential for enhancing trade ties between India and CLMV countries (Cambodia, Laos, Myanmar and Vietnam) was highlighted at a conference which opened in Phnom Penh, Cambodia on May 21.
Thailand's Manufacturing Production Index in 2017 showed 1.58 percent growth from a previous year with rubber products, automobiles, automobile engines, vegetable oil, and petroleum being major performers.
Thailand’s exports rose 13.1 percent from a year earlier to 20.1 billion USD in October 2017, recording the eighth straight month of increase, according to the Ministry of Commerce.
Thai Minister of Commerce Apiradi Tantraporn recently directed the Department of International Trade Promotion, Department of Foreign Trade and provincial trade offices to support trade promotion activities in Cambodia, Laos, Myanmar and Vietnam (CLMV) and their emerging markets.
The Thai Ministry of Commerce has decided to carry out a number of measures to improve the country’s weakening exports in recent time, targeting Cambodia, Laos, Myanmar and Vietnam (CLMV).
The India-ASEAN relations will be lifted to a new height, with cooperation between India and Cambodia being a key element in New Delhi’s engagement with the grouping, stated Indian Vice President.
Vietnam and Cambodia have showed their interests in joining the International Tripartite Rubber Council (ITRC), which currently consists of Thailand, Indonesia and Malaysia.
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