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Nearly 50% of Vietnamese shop online: Report

The Hanoitimes – Online shopping revenue accounted for 4.9% of total retail sales of goods and services in 2019. Around 44.8 million people, or nearly 50% of Vietnam’s population, shopped online last year, according to the latest e-commerce report conducted by the Vietnam eCommerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade […]

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Fiscal deficit ramps up pressures on Lao government

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis. The government has estimated the budget deficit will rise from 6.69 trillion kip, equal to 3.7 percent of the country’s gross domestic product (GDP), to 10.3 trillion kip (5.7 percent […]

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Indonesia’s rate cuts on pause for now: economists

INDONESIA’S central bank is likely to be done with rate cuts for now, with the economy’s recovery to be supported by quantitative measures instead, said economists after Bank Indonesia’s Aug 19 decision to keep its policy rate unchanged at 4 per cent, in line with market expectations. Compared to previous rounds, the tone of the […]

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