Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association.
He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year. Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce. Cambodia is the main rubber supplier to China, Malaysia and Singapore.
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.(more…)
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
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