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Vietnam wants to join supply chains: official

HANOI — Vietnam wants to join global supply chains and management and governance systems to help businesses control the market, build confidence among customers and increase profits and connectivity with global partners, Deputy Minister of Industry and Trade (MoIT) Do Thang Hai said. Hai told a conference on supporting policies to help Vietnamese enterprises join […]

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Myanmar diesel imports rise as rice exports improve

Myanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]

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Laos: Authorities fail to collect sufficient SEZ revenue

Even though Laos’ special and specific economic zones (SEZs) play a significant role in driving economic growth, revenue generated from the sector has failed to meet the set target. Authorities planned to collect US$7.34 million through tax obligations and dividends from government share holdings in the SEZs for 2017, according to the latest report from […]

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Vietnam: Standard Chartered Bank raises GDP forecast

HANOI — Standard Chartered Bank (SCB) on Friday increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8 per cent, higher than the Government’s set target of 6.7 per cent. This is the highest forecast in the past nine years. The bank also predicted growth rate of 6.8 per cent for next year, increasing from its […]

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Philippines economic outlook promising — Espenilla

MANILA, Philippines — Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the country’s economic outlook remains promising amid the meaningful reforms implemented by authorities over the past two decades. “The Philippines is recognized as one of the fastest growing and most resilient economies in the region and the world, enjoying a sweet spot of […]

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