CLMV nations seek to promote post-pandemic trade, investment
A Vietnamese delegation led by Deputy Minister of Industry and Trade Tran Quoc Khanh attended the virtual 13th Cambodia - Laos - Myanmar - Vietnam Economic Ministers' Meeting (CLMV EMM 13) on September 10.
Deputy Minister of Industry and Trade Tran Quoc Khanh at the event (Photo: VNA)
Hanoi (VNA) – A Vietnamese delegation led byDeputy Minister of Industry and Trade Tran Quoc Khanh att𒆙ended the virtual 13th Cambodia - Laos - Myanmar - Vietnam Economic Ministers' Meeting (CLMV EMM 13) on September 10.
The event was held within the framework of the 53rd ASEAN Economic Ministers’ Meeting and related meetings in Hanoi from September6-15. Participants highlighted the need to promotetrade, investment and connectivity among the countries to implement the post-pandemic economicrecovery plan. The Vietnamese delegation suggested the nationscontinue with cooperation activities in the 2021-2022 CLMV Action Plan incombination with realising goals in the Initiative for ASEAN Integration andthe Master Plan on ASEAN Economic Community till 2025. It also proposed facilitating export-importamong the countries, especially customs clearance at border gates, encouraginglinkages among firms in the region in the fields of farm produce processing and exportto form supply chains. Concluding the event, Khanh wished that the CLMVcountries and the ASEAN Secretariat would continue assisting Vietnam in fulfilling itsrole as the host of the CLMV economic cooperation mechanism in 2022./.
The 20th Cambodia-Laos-Myanmar-Vietnam Senior Economic Officials’ Meeting (CLMV SEOM) was held on January 25 via video conference, during which Vietnam suggested countries study and select the form of implementing projects suitable to the “new normal” in each country when compiling the CLMV Action Plan for 2021-2022.
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.
Vietnamese Ambassador Nguyen Hai Bang on June 8 stressed the significance of the Initiative for ASEAN Integration (IAI) in narrowing development gap between ASEAN countries and building the ASEAN Community, especially amidst the COVID-19 pandemic.
The Initiative for ASEAN Integration (IAI) Task Force convened its 64th meeting via videoconference on June 22 under the chair of Ambassador Nguyen Hai Bang, Permanent Representative of Vietnam to ASEAN and Chair of the Task Force in 2021.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Deputy Minister of Industry and Trade Tran Quoc Khanh at the event (Photo: VNA) 
