EU assists Cambodia in post-COVID-19 economic recovery
The European Union (EU), its member states and their financial institutions and agencies are mobilising 443 million EUR (503 million USD) in grants and loans to work with Cambodia in fighting COVID-19 and mitigating its socio-economic impacts.
Labourers move on a street in Phnom Penh capital of Cambodia on May 14 (Photo: AFP/VNA)
Phnom Penh (VNA) – The European Union (EU), its member states and their financialinstitutions and agencies are mobilising 443 million EUR (503million USD) in grants and loans to work with Cambodia in fighting COVID-19 andmitigating its socio-economic impacts.
The Phnom Penh Post cited the EU’s pressrelease as announcing that the bloc will work with Cambodia to supporteconomic recovery and job creation. That includes strengthening key areas ofthe economy, public investment for economic development, energy efficiency andgreen recovery.
The announcement came as Minister of SocialAffairs, Veterans and Youth Rehabilitation Vong Soth recently urged ASEANministers to immediately implement social protection programmes to help thepoor and vulnerable in the ASEAN region amid the pandemic.
He said the Cambodian Government iscommitted to implementing existing social protection programmes in June likeproviding cash to poor families to ease the pressure on the vulnerable and poorduring the pandemic.
He continued that the Government is payingmore attention to children under the age of 15, people with disabilities, theelderly, and AIDS patients.
Earlier this month, the CambodianMinistry of Labour and Vocational Training said about 110,000 workers of 344factories and firms in the country have received unemployment benefitsfrom an aid package of 2.4 million USD.
Theravaging COVID-19 pandemic has dealt a heavy blow to hundreds of thousands ofworkers in the garment and service sectors, especially tourism and hospitality,which use 620,000 workhands.
Accordingto the World Bank, the coronavirusoutbreak is putting at least 1.76 million jobs in Cambodia at risk,driving the country’s unemployment rate to nearly 20 percent./.
The Cambodian government has introduced the fourth round of measures to help the private sector, businesses, and workers who are severely affected by the COVID-19 pandemic.
Cambodia will see a huge loss in revenue generated from tourism sector of around 3 billion USD this year due to the COVID-19 pandemic spread, Khmer Times reported.
Cambodian hotels will resume operations shortly while international flights are expected to commence from mid-June since the COVID-19 crisis has been eased, according to Clais Chenda, president of the Cambodian Hotel Association.
Cambodia’s agriculture sector is unlikely to be able to substantially absorb laid-off workers from the garment and tourism industries, according to a World Bank report.
Cambodia is preparing another 12 million USD as assistance for jobless workers as factories remain closed, Cambodian Ministry of Labour and Vocational Training spokesman Heng Sour has said.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
Labourers move on a street in Phnom Penh capital of Cambodia on May 14 (Photo: AFP/VNA) 
