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Covid-19 pushes Vietnam fiscal deficit to nearly 6% of GDP

The Hanoitimes – Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts. Vietnam’s budget deficit this year is estimated at VND319.5 – 328 trillion (US$13.78 – 14.15 billion), equivalent to 4.99 – 5.59% of GDP, significantly higher than the 3.44%-of-GDP target set in early […]

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Thailand: Foreign visitors hit with more obstacles

Russian and European tourists started booking rooms at Alternative State Local Quarantine (ASLQ) hotels in Pattaya of Chon Buri province, but were then blocked from organising flights to the kingdom after Thai Consulate-Generals said they were only allowed to quarantine in Bangkok and its surrounding areas. Thanet Supornsahasrungsi, president of the Chon Buri Tourism Council, […]

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Indonesia to launch sovereign wealth fund soon

JAKARTA: Indonesia will launch its own sovereign wealth fund in January next year as the government seeks to attract more investment and support the economy amid the coronavirus pandemic. Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo said the government would soon establish the fund to handle government investments. The establishment of the sovereign wealth fund, […]

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Thailand: First batch of tourists Covid-free

The result of the first Covid-19 test on arrival for 39 Chinese tourists who travelled using the special tourist visa reported no positive cases. Another two groups from China are scheduled to arrive on Oct 26 and Oct 28, while Scandinavian travellers queue up for November, said Phiphat Ratchakitprakarn, the tourism and sports minister. He […]

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