The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14. In its ADO update for September, the bank forecast that the Vietnamese economy would expand […]
Read MoreThe cabinet on Tuesday approved the new national logistics development plan (2023-27), aiming to reduce logistics costs to 5% of the country’s GDP from 13.8% in 2021. According to government deputy spokesperson Rachada Dhnadirek, the plan also aims for Thailand to become the trading gateway to the region. The plan focuses on five areas, including […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in October after a surprise exports growth tempered surging imports. Trade deficit, which occurs when the country’s imports bill outgrows export sales, expanded 13.5% year-on-year to $3.31 billion in October. This, however, was smaller by 31.73% compared to the previous month’s gap, data released by the Philippine […]
Read MoreCambodia exported some $20,457 million worth of goods to the world market in the first eleven months of this year, an increase by 18 percent compared to the same period last year, according to a report of the General Department of Customs and Excise (GDCE) released yesterday morning. The largest buyer of Cambodia’s products was […]
Read MorePETALING JAYA: The slowing industrial production growth in Malaysia is an indication that the country’s economic growth for the fourth quarter (4Q) of 2022 may come in significantly slower than the preceding quarter. Economists pointed to weaker global demand as the main factor leading to their anticipation of a further moderation in the country’s industrial […]
Read MoreThe State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy. Analysts say that VND400 trillion is a large amount that will ‘give rain to the rice field […]
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