Xinhua world economic news summary at 0830 GMT, Nov. 23

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HANOI -- Vietnam is seeing a boom in e-commerce as the number of online shoppers surges with improving shopping skills and increasing purchase value, VnExpress reported Thursday, citing Tran Van Trong, general secretary of the Vietnam E-commerce Association.

The supply surges have been prompted by the rise in demand, he said, adding that millions of people are now online sellers, and most do not even own a brick-and-mortar store. (Vietnam-E-commerce-Digital Economy)

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PHNOM PENH -- Cambodia maintained its economic growth prediction at 5.6 percent in 2023 and raised it to 6.6 percent in 2024, the country's Prime Minister Hun Manet said here on Thursday.

The Southeast Asian nation's economy is mainly driven by garment, footwear and travel goods exports, tourism, agriculture and real estate and construction. (Cambodia-GDP)

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CANBERRA -- The Australian government has announced an expansion of subsidies for clean energy projects to help achieve its 2030 renewables target.

Chris Bowen, minister for climate change and energy, on Thursday announced that the existing taxpayer-funded Capacity Investment Scheme (CIS) will be expanded to underwrite new renewable energy projects. (Australia-Renewable Energy-Subsidy)

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RIO DE JANEIRO -- Brazil will promote an initiative to spur bioeconomy and set up working groups to tackle hunger, inequality and climate change when it takes the Group of 20 (G20) presidency on Dec. 1, Brazilian President Luiz Inacio Lula da Silva said Wednesday.

"We will seek concrete results that generate benefits for the poorest and most vulnerable across the planet. The G20 will help boost ongoing multilateral initiatives," Lula said during the Virtual G20 Leaders' Summit. (Brazil-Bioeconomy) Enditem

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