IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.58▼ 0.05% USD/MXN18.60▼ 0.15% USD/CLP983.53▼ 0.07% USD/COP3,299▲ 0.75% USD/PEN3.42▲ 0.26% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.52% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.46▲ 0.10% USD/CRC445.62▲ 1.24% USD/GTQ7.64▲ 2.97% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▲ 0.14% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.36% USD/TTD6.72▲ 2.30% EUR/BRL6.22▲ 0.74% BRENT 92.81 ▲ 1.44% WTI 86.67 ▲ 0.73% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.41% GOLD 4,063 ▲ 0.80% SILVER 53.00 ▲ 3.72% SOY 1,224 ▼ 0.06% CORN 446.25 ▼ 0.61% WHEAT 596.50 ▲ 0.63% COFFEE 263.55 ▼ 2.89% SUGAR 18.15 ▲ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,839 ▲ 2.05% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.05% USD/MXN 18.60 ▼ 0.15% USD/CLP 984.18 ▼ 0.00% USD/COP 3,299 ▲ 0.75% USD/PEN 3.42 ▲ 0.26% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 0.19% USD/DOP 60.46 ▲ 0.10% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.22 ▲ 0.74% BRENT 92.81 ▲ 1.44% WTI 86.67 ▲ 0.73% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.41% GOLD 4,063 ▲ 0.80% SILVER 53.00 ▲ 3.72% SOY 1,224 ▼ 0.06% CORN 446.25 ▼ 0.61% WHEAT 596.50 ▲ 0.63% COFFEE 263.55 ▼ 2.89% SUGAR 18.15 ▲ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,839 ▲ 2.05% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
since 2009
Wednesday, November 11, 2026

Hun Manet’s “Cambodia First” Approach Risks Country’s Diplomatic Isolation

By · · 2 min read

Cambodia has withdrawn from a long-standing economic agreement with Vietnam and Laos, signaling a shift in regional dynamics.

Prime Minister Hun Manet announced the decision on Facebook, citing concerns about territorial sovereignty and political pressure.

The Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) agreement, established in 1999, aimed to boost cooperation among border provinces.

Free daily brief — no card needed
Get every Southeast Asia story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

Hun Manet accused “extremists” of weaponizing the deal against his administration, prompting the withdrawal to “disarm the opposition.”

The move comes after months of public outcry and protests against the agreement. Critics claimed it led to the loss of Cambodian land and resources to Vietnam.

Hun Manet's "Cambodia First" Approach Risks Country's Diplomatic Isolation
Hun Manet’s “Cambodia First” Approach Risks Country’s Diplomatic Isolation.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The government’s response to the opposition has been inconsistent. Initially, authorities cracked down on planned protests, arresting nearly 100 people.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Petrobras to pay shareholders US$2.7 billion”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

However, the sudden concession to critics suggests a significant change in Cambodia‘s approach to its neighbors. This decision may reflect a broader shift in Cambodia-Vietnam relations.

A Strategic Shift with Regional Implications

The China-backed Funan Techo Canal project has already strained ties between the two countries. Cambodia’s refusal to share information about the canal’s potential impacts on Vietnam’s Mekong Delta region has raised concerns.

Experts warn that Cambodia’s exit from the CLV-DTA could harm its diplomatic standing and regional cooperation efforts.

Huynh Tam Sang, a Vietnamese academic, described the move as “shocking” and potentially damaging to bilateral relations.

The withdrawal might also affect Cambodia’s reputation within ASEAN and among its immediate neighbors. Some analysts view this decision as part of a “Cambodia First” approach that could isolate the country.

Sophal Ear, an associate professor at Arizona State University, compared the withdrawal to Brexit. He suggested it might embolden Cambodia’s opposition to push for further changes.

The CLV-DTA withdrawal highlights Cambodia’s delicate balance between domestic politics and regional relationships. It may reflect historical mistrust between Cambodian and Vietnamese citizens.

The move could also signal Cambodia’s desire for greater autonomy from Vietnam’s influence. Cambodia’s decision might lead to increased collaboration with China in its northeastern provinces.

Beijing has been a consistent economic partner for Cambodia and could support infrastructure development in border regions.

This shift could further complicate regional dynamics and geopolitical tensions. The withdrawal from the CLV-DTA agreement marks a significant moment in Cambodia’s foreign policy.

It demonstrates the government’s responsiveness to domestic pressure and its evolving relationships with neighboring countries.

As Cambodia navigates these changes, the impact on regional cooperation and stability remains to be seen.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.