The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia.
Hanoi (VNA)- The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has comeunder n♊ear-term threat from the global COVID-19 outbreak, especially for keyproducer Cambodia.
Singapore’s BusinessTimes newspaper has quoted Sian Fenner, lead Asia economist at Oxford Economics,as saying that lockdowns adopted to contain the spread of the virus have had asevere impact on manufacturing and exports in the four countries. The textile industry wassingled out as a sector badly hit by the pandemic as more than 55 percent ofthe materials that go to clothes manufacturing in Cambodia, Myanmar and Vietnamcome from China where factories were shuttered in early 2020. Cambodia is expected to bear the brunt of the CMLVslowdown, since 66 percent of its exports are generated by the clothingindustry, which has historically reaped benefits from foreign directinvestment. Fenner forecast that FDIinflows will fall sharply this year and the recovery into 2021 will be mutedamid weak global demand for apparel and the partial withdrawal from the “EverythingBut Arms” scheme with the EU. However, the CMLV bloc isstill tipped to turn in stronger growth than the ASEAN-5 economies - Indonesia,Malaysia, the Philippines, Singapore, and Thailand. Oxford Economicspredicted that CMLV economic growth is likely to average 5.1 percent from 2020to 2028, outpacing the ASEAN-5’s estimated average of 4 percent./.
Senior economic officials from Cambodia, Laos, Myanmar and Vietnam (CLMV) gathered in Hanoi on January 12 for their 18th meeting hosted by the Vietnamese Ministry of Industry and Trade (MoIT).
The COVID-19 pandemic is putting severe growth pressure on the economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) and may cause the region's growth to slip to a historical low, according to a Maybank Kim Eng report.
Cooperation in trade and investment, human resources, and post-pandemic economic recovery will be the focus of a 2021-2022 joint plan of action freshly adopted by Cambodia, Laos, Myanmar and Vietnam (CLMV) at the 12th CLMV Economic Ministers Meeting.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: VNA) 
