Le Thi Hien, a migrant worker in Ho Chi Minh City, lost her job after more than 15 years working at a local leather footwear company. A month ago, she and nearly 1,200 workers received notice that the company has been facing a shortage of orders so it had to downsize production and cut staff. […]
Read MoreThe value of Thailand’s food delivery market is expected to decline by between 0.8% and 6.5% next year as people return to a normal lifestyle and eat out more, says Kasikorn Research Center (K-Research). The market value is expected to total 81-86 billion baht in 2023, but this still exceeds pre-pandemic levels, partly driven by the use […]
Read MoreMANILA, Philippines — The Philippines dug itself into a deeper dollar deficit in November as foreign currency swings sent the national government’s debt payments in pricey territory. The country’s balance of payments (BOP) amounted to a deficit of $756 million in November, wider compared with the $123 million deficit a year ago, the Bangko Sentral […]
Read MoreThe Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term. For 2022, 2023 and 2024, economic growth is estimated to be 3.2%, 3.7% and 3.9%, respectively, in accordance with potential growth output of 3-4%. For the longer term, the […]
Read MoreVietnamese entrepreneurs have so far poured investments worth US$5.34 billion into 238 projects in Laos, according to a report by VietnamPlus. Laos is now the largest overseas investment market for Vietnamese enterprises. Of the total, companies from Ho Chi Minh invested in 44 projects in Laos with a total registered capital of US$496 million. Meanwhile […]
Read MoreThe garment sector in the Kingdom has received a boost as some big Japanese garment companies are making the move to shift their manufacturing and procurement bases from China to Cambodia and Vietnam due to rising costs and the Chinese government’s zero Covid-19 policy. This was revealed recently by Chea Vuthy, Deputy Secretary General of […]
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