Hanoi — Vietnam’s retail sales of goods and services rose to 10.2 per cent to around US$156.7 billion in 2016, data from the General Statistics Office (GSO) has revealed. The rise – it was 9.8 per cent growth in 2015 – reflects an improvement in both domestic consumption capacity and the lives of people, said […]
Read MoreThailand’s fledgling e-commerce players are being forced to grow up under the shadow of global goliaths. By Suchit Leesa-nguansuk Thailand’s online retail market is bracing for stiffer business conditions in 2017 as companies face growing competition from foreign behemoths with deep pockets and worldwide marketing networks. Online sales are expected to continue growing as consumers […]
Read MoreDespite a fall in Chinese arrivals after the zero-dollar tour crackdown, Thai tourism authorities are convinced that the market will return. The tourism boom is expected to continue in 2017 and remain a major growth driver for the economy even as the industry sees falling Chinese arrivals in the first few months. The crackdown on […]
Read MoreConsumer prices rose at the fastest pace in 25 months in December, driven by fuel, food and non-alcoholic drinks. The Commerce Ministry said yesterday that the consumer price index, based on 450 products and services, rose for the ninth straight month in December, surging 1.13% year-on-year after increasing 0.6% year-on-year in November, 0.34% in October, […]
Read MoreThe Asean Economic Community (AEC) has just marked its one year anniversary after it officially came into effect on Dec 31, 2015 The open economy initiative among the 10 Asean members aims to create a single market and production base to improve their competitiveness. Similar to the establishment of the EU, it also seeks to […]
Read MoreHANOI — The Vietnamese manufacturing sector ended 2016 on a positive note, with the Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) coming second among the top three PMIs in ASEAN region. The Nikkei Vietnam Manufacturing PMI, a composite performance indicator of the manufacturing sector, posted 52.4 in December, down from November’s 54 but continuing to signal […]
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Thailand
