Cambodia is urging stronger business ties among ASEAN member states to address challenges faced by the bloc’s economic community in order to boost global exports and regional economic growth.
One of the current escalating issues between the two major powers, China and the US, is the global semiconductor race. It has caused divisions within global supply chains, such as the increased reshoring of manufacturing processes. As a result, countries globally are making readjustments and competing for a more significant role in this growing technology sector.
The Prime Minister of Cambodia, Dr. Hun Manet, emphasised on his telegram channel that the signing of the sub-decree allows the reduction of export tax rates on some natural stone products for export, with the aim of easing the burden on natural stone exporters and facilitating the competition of Cambodian natural stone products in the international market.
MALAYSIA’S palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board said on Thursday (Sep 28).
According to a statement from the Philippine Department of Trade and Industry, durian supply constraints prevent the country from fully exploiting trade opportunities with China and need to be addressed immediately. The 20th China-ASEAN Expo, held earlier this month in Nanning, revealed strong demand for Philippine durians and hence significant export potential, which, however, cannot be realized at the moment.
Reputable organizations in the world forecast GDP growth in 2023 of Vietnam can be ranked first compared to other countries in the Southeast Asian region (ASEAN).
Southeast Asian companies are evaluating potential investments in African markets so as to support growth and seek new opportunities amidst China’s economic slowdown, said Chairman of the ASEAN Business Advisory Council (ABAC) Arsjad Rasjid.
According to Global Finance, among Southeast Asian countries, Vietnam possesses countless factors to become a favorite investment destination for FDI capital flows.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
