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S&P economists trim GDP outlook for Asean emerging markets

STANDARD & Poor’s economists have trimmed their growth outlook for the Asia-Pacific, with regional economies expected to cool by between 0.1 and 0.2 points in the next three years. While some watchers are banking on supply chain diversion into South-east Asia amid a US-China trade war, the team of Singapore-based economists warned that “short-term spillovers […]

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Competition intensifies in Vietnam’s retail market

The Hanoitimes – there remains large potential for the future growth of Vietnam’s retail market, given by the country’s large population with rising income and improved living standards. The competition in the Vietnamese retail market is continuously heating up as both domestic and foreign retailers are boosting expansion plans, while some distribution networks have even been […]

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Think tank puts Vietnam growth at 6.8-7.0% in 2019

The Hanoitimes – Vietnam is becoming more dependent on foreign-invested enterprises while the weighting of the domestic sector has reduced. Vietnam’s economy is forecast to expand between 6.84% and 7.02% in 2019, above the government’s growth target of 6.6-6.8% set for the year, driven by manufacturing and rising disposable income, amid a potential global slowdown, a […]

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Thailand: Baht set to top 2018’s emerging-market list

The Thai currency has declined 0.3% to 32.672 against the dollar this year as of 1.11pm, the best performance among 22 major developing-economy currencies tracked by Bloomberg. A current-account surplus and ample foreign-exchange reserves helped offset headwinds from the Federal Reserve’s tightening path and escalating trade tension between the United States and China. Thailand has posted current-account […]

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