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More int’l firms plan to shift to Vietnam: German press

Not only foreign trade and manufacturing are booming, but Vietnamese domestic tourism is also gradually picking up. Vietnam remains a regional manufacturing hub in electronics, textiles, and footwear, with a growing number of international companies planning to shift their supply chains to Vietnam. The Finanzmarktwelt (Germany) quoted Tim Lee Lahaphan, an economist at Standard Chartered […]

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Laos: Spiralling inflation causing increasing hardship

The Asian Development Bank has predicted that the annual average rate of inflation in Laos will jump to 5.8 percent in 2022 and 5.0 percent in 2023. Inflation will be driven by higher oil prices, rising domestic demand, and the continuing depreciation of the kip, according to the ADB’s Asian Development Outlook (ADO) 2022. The […]

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Shinhan Financial to acquire 10% stake in Vietnamese e-commerce Tiki

Vietnam’s e-commerce startup Tiki is expected to be Shinhan Financial’s first strategic partner in the Southeast Asian country. South Korea’s Shinhan Financial Group will acquire a 10% stake in the Vietnamese e-commerce company Tiki through its two subsidiaries to become the latter’s third-largest shareholder. Under the agreement, Shinhan Bank and Shinhan Card, the group’s two […]

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Government of Laos calls on Society to Save Petrol

The Government of Laos has called on society to try to save petrol as much as possible amid a growing fuel crisis in the country. Petrol prices have seen 11 adjustments this year, with the government making every attempt to reduce taxes and other tariffs to lessen the impact on consumers. Disruptions to supplies of […]

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