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Vietnam Q2 GDP growth slows to 0.36%

[HANOI] Vietnam reported gross domestic product growth of 0.36 per cent in the second quarter from a year earlier, versus a 6.73 per cent expansion in the same period last year, the General Statistics Office (GSO) said on Monday. The South-east Asian country’s GDP in the first half of this year grew 1.81 per cent […]

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Indonesia – ‘Alive but sort of dead’: Retailers to see slow recovery despite restrictions easing

Easing mobility restrictions in various regions across Indonesia will not provide an instant boost to the country’s retail sector as wary consumers are expected to still limit their store visits amid a steady rise in COVID-19 cases, analysts have said. Mirae Asset Sekuritas Indonesia economist Anthony Kevin found that customers did not immediately flock to […]

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10 million Cambodian and Asia Pacific small businesses to participate in Visa’s Global Programme to spur recovery through Digital Commerce

Visa today announced a commitment to support 10 million small businesses across Cambodia and the Asia Pacific, in an effort to get local communities back to business in the wake of the COVID-19 pandemic. According to its press release AKP received Saturday, Visa is introducing a range of programmes and solutions to help small and […]

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Vietnam’s logistics industry hit hard by Covid-19 pandemic

The Vietnamese logistics industry is among those hit the hardest by Covid-19, as the unpredictability and duration of the pandemic have presented multiple challenges in both the short and long terms, jeopardizing the viability of many businesses, especially small- and medium-sized enterprises. According to a recent report released by the Logistics Industry Reference Council and the […]

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‘Philippines sinks into recession’

GDP slump worsens in Q2 — BSP MANILA, Philippines  — A deeper economic slump looms in the second quarter, with gross domestic product (GDP) contracting by as much as 6.7 percent due to the full impact of the tight lockdown aimed at preventing the spread of the coronavirus disease, the Bangko Sentral ng Pilipnas said. […]

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