In 2014, the Agence Française de Développement (AFD) decided to launch and finance a research and capacity-building project on economic integration within ASEAN. More specifically, the project was aimed at dealing with the specific problems that the four less prosperous countries of ASEAN (i.e., Cambodia, the Lao People’s Democratic Republic, Myanmar and Viet Nam, collectively known as the CLMV group) would have to cope with in the context of the ASEAN Economic Community (AEC), which was to be fully realized by the end of 2015. The first phase of the project, which was carried out in partnership with the Asian Development Bank Institute (ADBI), dealt with reforms in the agriculture sector. The second phase, the results of which are presented in this publication, concentrated on non-tariff measures (NTMs) and geographical indications. This phase was carried out in partnership with researchers from the Asia-Pacific Research and Training Network on Trade (ARTNeT) and its secretariat at ESCAP.
The 5th CLMV Regional Conference focused on challenges related to the complexity of SDG 12 implementation in Cambodia, Lao PDR, Myanmar, Viet Nam and the Philippines. The conference took place on 26-27 March 2019 in Luang Prabang, Lao PDR. The event was co-organised by the Asia-Europe Foundation (ASEF) and the Hanns Seidel Foundation (HSF) with the cooperation of the Ministry of Planning of Lao PDR as a local host. This conference was the fifth regional event on the implementation of SDGs and was jointly delivered by ASEF, HSF and the governments of CLMV countries, under the Asia-Europe Environment Forum (ENV forum)
Viet Nam 2035, Toward Properity, Creativity, Equity, and Democracy.
Country In Focus: Key Macro & Socio-economic situations
India shares close political and strategic ties with the Southeast Asian subregion of Cambodia, Laos, Myanmar and Vietnam (or the CLMV countries). However, their economic ties remain weak, owing to various factors including lack of physical connectivity, as well as the absence of synergy between India’s Lines of Credit to CLMV and the country’s economic outreach. This paper analyses India’s investments and development cooperation initiatives in the subregion. Using the case of Vietnam, the paper outlines the current status of India-CLMV economic relations, highlights the weaknesses, and points to the way forward. It recommends the drafting of a white paper on India’s economic diplomacy to clearly spell out the country’s long-term strategy and goals in the subregion. The paper also calls for an integrated approach towards the CLMV subregion in terms of trade, investment, and development cooperation.
This overture illustrates the positioning of CLMV group as the members of the Association of Southeast Asian Nations (ASEAN). We begin with the members' economic development of the top six countries (A6); Indonesia, Philippines, Thailand, Singapore, Malaysia, Brunei, and CLMV countries
The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are heterogeneous, but they are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items.
CLMV economy will continue its high growth at 6 - 7% in 2018 and maintain such a bright prospect in the coming years supported by exports, foreign direct investment, and tourism. In addition, rising income and rapid expansion of internet access is paving ways for a new business channel, e - Commerce. Despite its small size, e - Commerce market in CLMV shows a promising growth prospect and hence offers an attractive business opportunity. However, continued trade deficits, high external debt and political issues remain major risks to economic growth.