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Vietnam’s challenges and economic prospects in 2023

Geopolitics and new technologies are changing the world, opening up new opportunities for Vietnam to develop, if it can grasp them. In 2022, Vietnam obtained a GDP growth rate of 8.02 percent, the highest figure since 2011. However, this achievement was overshadowed by the loss of hundreds of thousands of jobs, factories’ downsizing and temporary […]

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Philippines: Two more rate hikes likely before BSP pause

MONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday. The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas’ (BSP) policymaking […]

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Thailand: Many workers ill-prepared for old age

Finance Minister Arkhom Termpittayapaisith is concerned that more than 16 million informal workers have yet to participate in any savings scheme to prepare for life during retirement, even though Thailand is expected to become an aged society in the next two years. He said that Thailand is now an ageing society as at least 10% of […]

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