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Vietnam’s export-import turnover up 13%

HANOI: Vietnam’s export-import turnover hit an estimated US$108.5bil (RM456bil) in the first two months of this year, up 13% compared with the same period last year, according to the General Statistics Office (GSO). The export revenue posted an increase of 10.2% to US$53.79bil (RM226bil). In January and February, nine export commodities recorded a turnover of […]

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Thai growth reviewed amid Ukraine war

Growing concerns over the escalating war between Russia and Ukraine is causing the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to reassess Thailand’s economic prospects in 2022. The JSCCIB will have business leaders brainstorm to identify negative impacts caused by the conflict and subsequent sanctions on Russia, said Kriengkrai Thiennukul, vice-chairman of the […]

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Philippines: Factory output hits 3-year high

MANILA, Philippines — The country’s manufacturing sector rebounded strongly, hitting a three-year high in February as COVID-19 cases dropped after the short Omicron surge. Market intelligence firm IHS Markit said the Philippines’ headline purchasing managers’ index (PMI) rose to 52.8 in February from 50 in January. The latest reading registered above the threshold that separates […]

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More foreign auto manufacturers find their way to Vietnam

The Vietnamese auto market will be busier when several foreign automobile companies invest in Vietnam. Skoda, a car company from the Czech Republic, is finding its way into the Vietnamese market by looking for domestic manufacturers and assemblers. Recently, Czech Ambassador to Vietnam Vítezslav Grepl and Skoda officials met with officials of the Vietnamese Ministry […]

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