The World Bank is maintaining its Thai GDP growth projection of 3.2% for 2017, citing recovering commodity prices, improving confidence and accommodative policies. The overall global economy is forecast to grow by 2.7%, up slightly from 2016. The World Bank’s projection of global economic growth assumes that recovering oil and commodity prices will ease pressure […]
Read MoreDomestic sales of passenger cars are expected to rise by 2% this year, marking a recovery after four years of decline, with support from an uptick in economic growth and an increase in private consumption, says BMI Research. Additional factors contributing to a recovery in Thailand’s new-car market include subdued inflationary pressure and a stable […]
Read MoreHÀ NỘI – The State Bank of Việt Nam has asked its branches and credit institutions nationwide to report quarterly their lending to small-and medium-sized enterprises (SMEs). Under Document No 62/NHNN-TD issued last week, the branches and institutions are instructed to report to the central bank their lending to SMEs as well as SMEs’ business […]
Read MoreHÀ NỘI — Products including telephones and spare parts, garment and textile, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade. Last year, Việt Nam’s total export turnover was US$175.9 billion, an increase of 8.6 per cent over the previous year. Therefore, […]
Read MoreHÀ NỘI – Consumer lending is seeing only a slow rise ahead of Tết (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises, Đầu tư Chứng khoán (Securities Investment) newspaper reported. Vietnam International Commercial Joint Stock Bank (VIB) is offering auto loans to customers at 7.6 per cent per year. […]
Read MoreHÀ NỘI – Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB) on Monday. Petrolimex earned more than VNĐ6.2 trillion in profit, reaching 158 per cent of its yearly target, […]
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Thailand
