The Hanoitimes – Trade readiness improvements and economic dynamism are driving Vietnam’s trade growth potential. Vietnam shows the strongest progress in trade growth potential in ASEAN, driven by improvements to its trade readiness and economic dynamism, according to Standard Chartered’s newly published research Trade20 Index. The country owes its improving strength in trade readiness to […]
Read MoreTHE middle-income trap has become a concept deployed frequently in conversations among policymakers and academics in East Asia. The term is used by those trying to understand failed industrial upgrading in the region, which has occurred against a backdrop of prolonged economic slowdown in ASEAN middle-income countries. These bleak economic developments can be traced to a trend […]
Read MoreSingapore and Indonesia will renew a US$10 billion (S$13.8 billion) currency pact, which will help support monetary and financial stability in the region. Both countries will continue to have access to each other’s currency as well as United States dollars to settle trades or defend their currency in times of financial stress. This was announced […]
Read MoreThe IMF forecasts Thailand’s GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next. The IMF’s view is in response to external and domestic headwinds, the global lender said in […]
Read MoreThe National Assembly yesterday approved a draft of the much-awaited E-commerce Law, a piece of regulation expected to play a critical role in helping the Cambodian economy adapt to the digital era. Presenting the bill at a plenary session yesterday, Commerce Minister Pan Sorasak said the E-commerce Law will be of critical importance in promoting […]
Read MoreMANILA, Philippines — The Philippines slipped eight places to rank 64th out of 141 countries in the latest Global Competitiveness Report of the World Economic Forum (WEF) from 56th place last year amid lower rankings in the information and communication technology (ICT) adoption and macroeconomic stability pillars. The WEF report released by local partner institute […]
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