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Vietnam: National Economy Grew 5.73%

The Hanoitimes – The Vietnamese economy has grown 5.73% in the first half of 2017. However, for the whole year growth target of 6.7% to be attained, Vietnam will have to reach a GDP growth rate of at least 7.4% in the last 6 months. GDP grew better in the second quarter The  socio-economic data of the first […]

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Thailand: May exports quell worries

Exporters are more upbeat about the sector’s prospects after May’s strong performance, conceding that growth in shipments could hit 5% as projected by the government.  Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, says Thai exports may manage to grow more than the 3.5% growth forecast by the council if the world economy continues to […]

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Thailand: BoT expects 2017 growth to pick up

Thai economic growth in the second half is expected to outpace the first half’s rate, underpinned by a recovery in domestic demand, says a senior official at the Bank of Thailand.  “We [the Bank of Thailand] expect the Thai economy to grow better in the second half of this year from a stronger recovery in […]

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Vietnam: Q2 GDP growth robust, 2017 target still elusive

HANOI — Strong second quarter growth has led Vietnam’s economy back from a disappointing first quarter performance, with gross domestic product growth reaching 5.73 per cent in the first half of 2017. 2017’s first quarter GDP scored only 5.15 per cent, far lower than that of the two previous years. The second quarter, announced the […]

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Thailand: BoT tightens belt on consumer loans

The Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt. The central bank is conducting public hearings on the regulations, expected to be announced in the Royal Gazette in July, said Ruchukorn Siriyodhin, deputy governor overseeing […]

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Cambodia: GDT’s hands tied on sign fees

The tax authority yesterday refuted local media claims that it had endorsed a private sector call to end Phnom Penh City Hall’s taxation of billboards and commercial signage throughout the capital, which advocates have said imposes an onerous levy on local businesses. In a clarification letter, the General Department of Taxation (GDT) claimed a media […]

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