Xinhua world economic news summary at 0930 GMT, March 29

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PHNOM PENH -- State-owned Credit Guarantee Corporation of Cambodia (CGCC) on Monday launched a 200-million-U.S.-dollar Business Recovery Guarantee Scheme (BRGS), aiming to support businesses during the COVID-19 pandemic.

The BRGS was designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans from Participating Financial Institutions (PFIs) for working capital, investment, and business expansion, said a CGCC's press statement. (Cambodia-Loans)

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HANOI -- Vietnam recorded a year-on-year gross domestic product (GDP) growth of 4.48 percent in the first quarter of this year, exceeding the growth rate of 3.68 percent posted in the same period last year, the country's General Statistics Office announced Monday.

Amid impacts of the COVID-19 pandemic, the result showed the drastic efforts of the government, localities, businesses and people to reach the dual goal of both controlling the disease and developing the economy, said the office. (Vietnam-Economy-GDP)

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CANBERRA -- The value of Australia's resources and energy exports are expected to hit a record high in financial year 2020/21, government data showed.

According to projections released by the Department of Industry, Science, Energy and Resources on Monday, export earnings will hit a record-high of 296 billion Australian dollars (226 billion U.S. dollars) in the financial year 2020/21 on account of high international demand for iron ore, lithium, nickel and copper. (Australia-Export)

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WELLINGTON -- The latest Wellington and New Zealand's central region business confidence survey showed growth and an improvement in business confidence, said the Wellington Chamber of Commerce and Business Central on Monday.

"It's good to see business confidence has improved significantly quarter-on-quarter and that businesses are the most optimistic they have been in some time," said Simon Arcus, chief executive of the Wellington Chamber of Commerce and Business Central. (New Zealand-COVID-19-business confidence) Enditem

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