- The Fifteenth Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 18 August 2023 in Semarang, Indonesia. The Meeting was chaired by H.E. Rath Saravuth, Secretary of State of Ministry of Commerce, Cambodia. The Meeting was also attended by the Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn.
- The Ministers noted the favourable growth of CLMV’s trade in 2022. Total merchandise trade of CLMV in 2022 reached USD 831.9 billion, this figure slightly increased by 10.8 percent from 2021. It contributed around 21.6 percent to ASEAN’s total merchandise trade in 2022, which was slightly decreased from 22.4 percent in 2021. Foreign Direct Investment flow into CLMV countries increased by 18.3 percent from 2021 to 2022. Myanmar experienced the highest year-on-year growth at 196.6 percent, while in terms of value, Viet Nam received the highest amount among the four countries at USD 17.9 billion.
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