Aid and development
China’s Xi Jinping visits King, Hun Sen
Throngs of cheering school children greeted Chinese President Xi Jinping upon his arrival in the capital on October 13, with balaclava-clad soldiers enforcing order and whole sections of the city shut down as he paid visits to the King and the prime minister. On his first ...
Tackling project bottlenecks to improve development outcomes
Through the 8th National Socio-Economic Development Plan , Laos has focused on maintaining high economic growth that benefits all people and in continuing to reduce poverty. The country welcomes the work of its international partners to improve and enhance the assistance they provide to help the ...
Judges and rice: Cambodia's expanding reliance on China
Cambodia is rapidly expanding its diplomatic affair with China. Early last week it appealed to Beijing for help amid plunging rice pricesand then three days later Phnom Penh signed an MoU seeking Chinese assistance in overhauling its much maligned judiciary. The memorandum of understanding allows China ...
Chinese president to touch down in Cambodia as nations consolidate ties
Cambodia is edging increasingly close to China, as the superpower lavishes aid on the ASEAN nation that has proved a robust ally in the South China Sea dispute. Chinese President Xi Jinping will arrive in Cambodia tomorrow for a two-day official visit, consolidating a far-reaching relationship ...
KOICA to fund US$7 million maternal, child healthcare project
Experts from the Korea International Cooperation Agency last week conducted a preliminary study on improving access to maternal and child healthcare services in villages through mobile clinics, under the Korea Aid Project. Aligned with the strategies of the Lao government on public health and Korea’s Better ...
Growth to continue but economy faces significant risks
Economic growth in Laos will remain buoyant however the region still faces significant risks to growth, according to a new World Bank report. The outlook of the Lao economy remains favourable overall but with increasing downside risks GDP growth is projected to remain at around seven ...
‘Footloose’ garment sector continues to drive growth
Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...
ADB offers Cambodia new $1B loan package
The Asian Development Bank has committed more than $1 billion in new loans to Cambodia over the next three years to help the country invest in infrastructure, education and other priorities, government officials announced on October 5. Finance Minister Aun Porn Moniroth announced the $1.09 ...
PM welcomes new WB Country Director in Vietnam
Prime Minister Nguyen Xuan Phuc congratulated Ousmane Dione on his appointment as new Country Director for the World Bank in Vietnam at a reception at the Government’s headquarters in Hanoi on October 4. He said the WB is important to Vietnam and bilateral relations are being ...
Japan to help transform Laos
Japan and Laos have agreed on a joint plan to spur development in the landlocked Southeast Asian country during a meeting between their leaders. At their meeting held on the sidelines of the ASEAN summits here this week, Japanese Prime Minister Shinzo Abe and his Lao ...