Vietnam was the largest importer of cashew nuts from Cambodia with import volume reaching 786,530 tonnes worth roughly US$1 billion, accounting for nearly 95% of Cambodia's raw cashew output during the seven-month period.
Asean nations attracted more foreign direct investment than China for the first time in a decade last year, according to a report
Despite potential risks, Việt Nam is regarded as one of the fastest-growing economies within the ASEAN region, serving as a crucial link to ASEAN and beyond, speakers said at a conference in HCM City on Friday.
Vietnam is one of the fastest-growing economies in Southeast Asia with promising potential and favourable macroeconomic factors such as a young population, skilled labour force, and abundant natural resources, according to Deputy Chairman & CEO of Singapore-based United Overseas Bank (UOB) Wee Ee Cheong.
The Association of Southeast Asian Nations (ASEAN) is fostering global cooperation between developed and developing countries in the green economy, promoting efforts towards a clean energy transition.
A new partnership between Cambodia, the EU and Germany is set to boost the sustainability, competitiveness and inclusiveness of the country’s cashew nut and pepper industries.
Political shifts should bring new hope and opportunities for Asean citizens. However, whether they will lead to significant progress still remains uncertain.
UOB has only 1 per cent of the trade financing market in the region, leaving a huge room for the bank to build its dominance