The Hanoitimes – Manufacturing could be the main driving force that helps Vietnam to become one of the fastest growing economies in Asia in 2021. Vietnam’s GDP growth is set for a strong rebound to 7.8% in 2021 from last year’s economic growth of 2.9%, according to Standard Chartered. Manufacturing could be the main driving force […]
Read MoreThe Public Debt Management Office (PDMO) will issue government savings bonds worth 60 billion baht early next month, aiming to use the funds raised to finance government projects that will mitigate the pandemic’s impact and rehabilitate the economy. The Rao Chana (We Win) edition of government savings bonds has an average interest rate of 2-2.5%. […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR)’s tax effort eased to 10.67 percent in 2020 as the pandemic-induced economic crisis slowed down the agency’s revenue generating capacity last year, the Department of Finance (DOF) reported yesterday. Citing an updated preliminary report from the BIR, the DOF said the tax effort of the country’s largest […]
Read MoreThe Kingdom’s balance of payments (BOP) saw a 1.7 percent surplus compared with its gross domestic product (GDP) in 2020 with growth supported by the in-flow of foreign direct investments and exports, according to a report from the National Bank of Cambodia (NBC). The NBC added the current account was estimated to suffer a deficit […]
Read MoreKUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system. The liquidity in the conventional system increased marginally to RM36.2bil from RM35.73bil in the morning, while in the Islamic system, it fell to RM19.6bil from RM28.03bil. Earlier yesterday, Bank Negara conducted two conventional money market […]
Read MoreThe Hanoitimes – Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade. Vietnam’s e-commerce revenue will likely reach US$52 billion, re-accelerating to nearly a 29% compound annual growth rate, keeping the third position in the ASEAN region by 2025. The figures […]
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Thailand
