High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said. Vietnam’s economic growth has been accelerating this year, and so the World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, […]
Read MoreThe impact of an oil price shock on headline inflation is bigger in Cambodia, according to an AMRO Analytical Note that examined the impact of rising global energy prices on inflation in the ASEAN+3 region. “The impact is the largest in Cambodia and Vietnam, at around 0.06 percentage points,” the note titled ‘Fueling Inflation in […]
Read MoreManufacturers of sugary drinks have been given more time to adjust their recipes after the government pushed back the latest hike in the excise levy for another six months. Finance Minister Arkhom Termpittayapaisith said the cabinet on Tuesday agreed to postpone the planned increase in the excise tax on sugar-based sweeteners to March 31, 2023, from […]
Read MoreEconomic resilience is essential for Vietnam to promote growth and keep inflation under control. Vietnam aims to ensure macroeconomic stability and stands ready to address inflation risks for high economic growth, according to a prime ministerial directive issued recently. Under Directive No.15, giving measures to promote economic development in a volatile world in the remainder of […]
Read MoreMANILA, Philippines — Higher demand for dollar-denominated investments is expected as the greenback scales historic highs and the US Federal Reserve sustains its tight monetary policy. “Dollar-denominated assets should be favorable when the dollar exchange rate is strengthening, especially if it is on account of increasing interest rates, as the case is today,” Antonio Agcaoili, […]
Read MoreWhile forecasting a five percent growth for Cambodia’s economy this year, the visiting International Monetary Fund (IMF) mission yesterday said the rising private debt remains a big concern in the Kingdom and urged the National Bank of Cambodia (NBC) to strengthen its vigil. Addressing the media at a virtual press conference following the two-week-long annual […]
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