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Unlocking Vietnam as a promising auto market

The competition in the Vietnamese automobile market is increasingly fierce, being fuelled by various bilateral and multilateral trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the EU-Vietnam Free Trade Agreement. At the regional level, Vietnam has removed import tariffs on cars from ASEAN countries since […]

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Thailand: BoT sees recovery delayed to 2023

The Bank of Thailand (BoT) predicts that economic recovery will be delayed to the first quarter of 2023, mainly due to the third wave of infections, while vaccination is a key factor to reviving the Thai economy. The Covid-19 outbreak has brought about a public health crisis and battered the economy and local businesses, especially […]

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Philippines: M3 growth slows as bank lending falls

Growth of the country’s money supply slowed down in April as the pandemic continues to affect banks’ lending, the Bangko Sentral ng Pilipinas (BSP) said. In a statement on Monday, the central bank said domestic liquidity (M3) rose by 5.1 percent year-on-year to P14.2 trillion in April, slower than the 8.3-percent increase in March. Month-on-month […]

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