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Vietnam’s GDP expands 1.42% in 9 months

Vietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter. Vietnam’s GDP growth in the first nine months of 2021 is estimated at 1.42%, lower than the 2.12% expansion rate recorded in the same period last year, according to the General Statistics Office (GSO). “The results, however, remain a “big success” given the […]

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Thailand: Food exports expected to grow by 3-5% this year

Having contracted over the past two years, Thailand’s overall food exports are forecast to grow by 3-5% this year, boosted by the recovering economies of Thailand’s key trading partners, baht weakness and progress in vaccine production and inoculations. Visit Limlurcha, president of the Thai Food Processors Association, said the association is feeling optimistic that the […]

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Philippines, India ink air services agreement

MANILA, Philippines — The Philippines and India have signed a new and modernized air services agreement to further strengthen connectivity and mutual economic growth between the two countries. The air services agreement was signed by the Department of Transportation (DOTr) and the Indian Ministry of Civil Aviation on Monday. The DOTr said the agreement aims […]

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Cambodia: World Bank lowers GDP growth forecast

The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. The prediction and revision are nearly parallel to the Cambodian […]

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Thailand: Unease over shopping sector

Thailand’s retail sector in the last quarter, the peak sales season, is far from getting back to normal as most shoppers still fret over leaving their homes. As well, the number of big marketing events to stimulate consumer spending is also fewer than it should be due to uncertainties about the government’s measures to cope […]

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