Non-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 […]
Read MoreEighty per cent of the 4.7 million employees at FDI enterprises in Vietnam have no training certificates, and around 60 per cent of FDI enterprises have said it is difficult to find high-quality human resources. Limitations in labor quality lead to other consequences, not only lost investment opportunities but also widening the gap between local […]
Read MoreCredit cards and personal loans top the many types of debt burdening Thai people since their daily life became affected by the Covid-19 pandemic, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted online between Nov 22-25 on 1,059 people throughout the country who have been in […]
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