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Vietnam aims for 8% export growth this year

Although much of the economy was impacted by the fourth wave of COVID-19 in 2021, Viet Nam’s imports and exports reached a record of nearly US$670 billion, an increase of almost 23 per cent from 2020. This rise has put Viet Nam into the top 20 leading economies in terms of international trade. Minister of […]

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Thailand: Rules for levy on crypto profits imminent

Clear criteria for calculating withholding taxes on profits from cryptocurrency and digital asset trading is expected to be issued this month, said Ekniti Nitithanprapas, director general of the Revenue Department. Mr Ekniti said that Prime Minister Prayut Chan-o-cha has urged the department to brainstorm with all related parties to make the matter clearer for investors […]

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Philippines: Consumption to remain muted this year

MANILA, Philippines — Private consumption is expected to stay muted this year as the labor market remains challenging and as households continue to rebuild savings lost since the pandemic started. In its latest economic monitor, Pantheon Macroeconomics said consumption, which accounts for over 70 percent of the economy, is still fragile due to non-virus headwinds. […]

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