The Finance Ministry may consider lowering the import duty on electric vehicles (EVs) as part of the measures to promote the use of EVs, says a ministry source who requested anonymity. Thailand’s EV import tax rates vary. EVs imported from China enjoy a 0% tax rate under a bilateral agreement between Thailand and China. Some […]
Read MoreHCM CITY – After a decline in output and exports in the second and third quarters due to the COVID-19 pandemic, many industries have seen a rebound in exports and strong growth since October. Trung An Hi-tech Agriculture Joint Stock Company in Cần Thơ City said it has signed a contract to export 15,000 tonnes […]
Read MoreNon-performing loans (NPLs) of small and medium-sized enterprises (SMEs) next year are expected to rise to 10% from 6% at present if relief measures by financial institutions are not extended from the end of this year, says Export-Import (Exim) Bank of Thailand president Rak Vorrakitpokatorn. The expirations could adversely affect SMEs still struggling with the […]
Read MoreWorld Bank webinar looks at role of monetary policies as countries recover their economies. Many East Asia and Pacific (EAP) countries, including Vietnam, have been using monetary policies to support economic recovery but obstacles remain, World Bank (WB) experts said at an online webinar entitled “The Economics of COVID-19 in Developing East Asia and Pacific” […]
Read MoreMANILA, Philippines — The Philippines still has the potential to rise as an economic powerhouse in the region in a post-COVID world, even as recovery from the pandemic remains fragile, the World Bank said. In a webinar, World Bank country director Ndiame Diop said the Philippines is likely to rebound “very solidly” this year and […]
Read MoreCambodia and Vietnam are committed to strengthen the cooperation between the two countries’ central banks. The commitment was made in a recent meeting between Chea Chanto, Governor of the National Bank of Cambodia (NBC) and Ms. Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV) through a videoconference. Ms. Nguyen Thi Hong spoke […]
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