Vietnam has successfully transformed into a manufacturing-oriented economy, supported by stronger global value chain (GVC) participation thanks to a rise in foreign direct investment (FDI), especially in the manufacturing industry. However, amid the post-pandemic GVC reconfiguration, FDI policies need to be carefully aligned to Vietnam’s development strategy. Over the past few years, Samsung, hailing from […]
Read MoreMANILA, Philippines — The reimposition of strict quarantine measures wiped out the minimal gains in the country’s labor market as more Filipinos lost their jobs again in April. The labor situation turned grim anew as seen in the latest report of the Philippine Statistics Authority (PSA), which showed that the unemployment rate rose to 8.7 […]
Read MoreA central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%. If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household debt will increase to 18.1 trillion baht or 92.8% of […]
Read MoreThailand’s national trade strategy should focus on four target industries — processed agricultural products and food; healthcare and wellness; biotechnology; and digital technology — says a policy chief. Such an emphasis will allow Thailand to keep abreast of changing technology trends amid ageing demographics, said Phusit Ratanakul Sereroengrit, director-general of Trade Policy and Strategy Office. […]
Read MorePrime Minister Pham Minh Chinh has emphasized that the national housing strategy needs to include reasonable social housing development, and the tax regime on land speculators should be adjusted. Adopting a new way of thinking about housing development is an important part of the Notice on the PM’s conclusions after a recent working session with […]
Read MoreConnected businesses and technology strategies, the use of data and intelligence for the physical world, technology support for workers, flexible working conditions and multi-party systems will become key technology trends for businesses, says consulting firm Accenture Thailand. These five trends, which are spelt out in Accenture’s Technology Vision 2021 report, are projected to be imperatives […]
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Thailand
