The Hanoitimes – In the East Asia and Pacific region, Vietnam ranked third after China and the Philippines. Vietnam was the ninth largest remittance recipients globally with an inflow of US$17 billion in 2019, accounting for 6.5% of its GDP and slightly increasing from US$16 billion received in 2018, according to the World Bank’s latest data. […]
Read MoreThailand’s chicken exports are likely to grow by 10% this year, boosted by higher demand in light of the Covid-19 outbreak. Anan Sirimongkolkasem, president of the Thai Broiler Processing Exporters Association, said Thailand’s chicken exports are estimated to rise by 33 billion baht this year to 140 billion, although foreign purchase orders may drop in […]
Read MoreThe government will defer land lease payments for six months for a total of 47 state-owned and private hotels in Myanmar to ease the pressure wrought by COVID-19, the Ministry of Hotels and Tourism announced on April 21. The next land lease payment is due September 30. Hotels which are no longer in operation are […]
Read MoreThe Hanoitimes – On top of weak economic activity and low credit demand, the Covid-19 crisis macroprudential measures announced by the central bank will weigh heavily on banking sector profits for 2020. Fitch Solutions, a subsidiary of Fitch Group, has revised its credit growth forecast for Vietnam to 8% in 2020, from 11% previously, due to […]
Read MoreAs much of the world grapples with the Covid-19 pandemic with global trade and economies paralysed, 77 new factories have launched operations in the Kingdom, while only six have shut down. And in the first quarter of this year, the total number of factories registering with the Ministry of Industry, Science, Technology and Innovation has […]
Read MoreThe government is in talks with four start-ups to forge partnerships for the preemployment card program as it wants to add more online courses despite recent backlash over the program’s partner selection process and courses. The program management’s president director, Denni Purbasari, said adding new partners was intended to encourage more start-ups to grow. It […]
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Thailand
