Cambodia to exit from Least Developed Countries status
Phnom Penh Post on May 10 quoted a senior official from the Cambodian Ministry of Commerce as saying that Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries (LDC) status.
Hanoi (VNA) – Phnom Penh Post on May10 quoted a senior official from the Cambodian Ministry of Commerce as sayingthat Cambodia iswell-prepared to minimise economic risks when it graduates from its LeastDeveloped Countries (LDC) status.
Four LDCs –Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week toexplore potential solutions for managing a smooth exit from their UNdesignations, discuss potential challenges in the post-LDC era, and assess theimpact of COVID-19 on the textile and garment sector.
MinistrySecretary of State Pich Rithy stressed the importance of thegarment sector in promoting Cambodia's economic growth, and the benefits ofpreferential tariffs for increased export volumes.
He highlighted that ridding itself of the LDCstatus could present economic pains for the country, affecting tariffpreferences, rules of origin, investment attraction, competitiveadvantages and opportunities for trade assistance, and hence compounding theimpact of the COVID-19 crisis on garment and apparels.
To address these challenges, Cambodia has outlinedpolicies and strategies so that the nation can strengthen its competitiveposition and prepare for a successful exit from the LDC status. These includethe diversification of export markets through bilateral and multilateral freetrade agreements.
DeputySecretary General of the Garment Manufacturers Association in Cambodia KaingMonika said private sector development is the engine of economic growth and raises people's living standards.
♊ Statistics from the General Department of Customs and Exciseof Cambodia showed that the country’s total exports of garment, footwearand travel goods reached 2.41 billion USD in the first quarter, down 6.48percent from 2.577 billion USD recorded in the same period last year./.
Minister of Industry and Trade Nguyen Hong Dien held a working session with Cambodian Ambassador to Vietnam Chay Navuth in Hanoi on May 6 to discuss measures to strengthen bilateral ties across trade, industry and energy.
Governors of Phnom Penh and Vientiane on May 7 spoke highly of Ho Chi Minh City’s initiative to organize an online discussion between leaders of the three major cities of Cambodia, Laos and Vietnam to share experience in the COVID-19 fight.
China has proposed to hold a foreign ministerial meeting with the 10-member Association of Southeast Asian Nations (ASEAN) in June in the country, Japan’s Kyodo News cited government sources as reporting on May 7.
The Cambodian Ministry of Health on May 8 reported 538 new COVID-19 cases, raising the total number of infection so far to 18,717, including 7,340 recoveries.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
In Cambodia (Photo: Phnom Penh Post) 
