The Asian Development Bank (ADB) on October 22 lowered Cambodia's economic growth forecast to 1.9 percent this year, down from its April projection of 4 percent, due to the prolonged COVID-19 pandemic.
Hanoi (VNA) – The Asian Development Bank (ADB)on October 22 lowered Cambodia's economic growth forecast to 1.9 percent thisyear, down from its April projection of 4 percent, due to the prolongedCOVID-19 pandemic.
But the ADB predicted the nation’s growth is likely to rebound to 5.5percent in 2022.
The protracted pandemic has hurt services and domesticdemand, ADB Country Director for Cambodia Sunniya Durrani-Jamal said in a pressrelease.
Lockdowns and temporary factory closures hit production inthe garments, travel goods, and footwear sector earlier this year, she added.
Cambodia is mainly driven by agriculture, tourism, garmentexports, and real estate and construction. The report said the country’sagriculture sector is expected to grow by 1.5 percent and added that localCOVID-19 outbreaks have disrupted agricultural supply chains, but the overallimpact was limited.
Domestic demand for food, accommodation, transportation, andother in-person services has been severely limited by the COVID-19 outbreak andlockdowns, the report said, adding that restrictions on international travelremain, and international visitor arrivals were down by 91.3 percentyear-on-year in the first half of 2021.
According to the report, the Cambodian government has takensteps to mitigate the pandemic's economic and social impacts, and thosemeasures included free COVID-19 vaccines and treatment, cash transfers to poorhouseholds, economic stimulus, and loan restructuring programmes./.
Cambodian Prime Minister Samdech Techo Hun Sen and visiting Chinese State Councilor and Foreign Minister Wang Yi agreed on September 12 to enhance cooperation in fighting COVID-19, boost bilateral trade and jointly safeguard regional peace and stability.
Cambodia is going to reopen secondary and high schools in Phnom Penh on September 15 while Indonesia has tightened protocols on international travellers to help curb the spread of COVID-19.
Cambodian Prime Minister Hun Sen on September 17 asked the Tourism Ministry to consider reopening tourism for vaccinated international tourists to visit Cambodia with a seven-day quarantine period.
Cambodia’s number of vaccinated people had exceeded 12 million, while Thailand has set a goal of injecting about 50 million people or 70 percent of its population by the end of this year.
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 Phnom Penh, Cambodia (Photo: AFP/VNA) 
