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Thailand: Food deliveries set to decline next year

The 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 […]

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Thailand: Central bank upbeat on long-term growth

The 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 […]

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Laos attracts more investments from Vietnam

Vietnamese 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 […]

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Japanese garment giants leave China for Cambodia

The 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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