Vietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment. Vietnam’s strong economic fundamentals are driving an economic rebound which maintains its favorable economic outlook for the country with an expansion rate of 6.5% in 2022 and 6.7% in 2023, according to ADB. ADB Country […]
Read MoreThe Asian Development Bank (ADB) has revised down projection of Cambodia’s Gross Domestic Product Growth to 6.2 percent this time for 2023 from 6.5 percent forecasted earlier as the country’s economy would be affected by weaker global economic growth, according to a news release received by Khmer Times from ADB yesterday. However, the Asian Development Outlook Update […]
Read MoreThe governor of Bangkok supports entertainment venues staying open until 4am in order to promote night-time tourism. Chadchart Sittipunt said tourism, including the hotel segment, is at the heart of the city’s economy as the sector creates jobs and pay taxes for the city. “My main duty is to remove all obstacles for you,” Mr […]
Read MoreThe Vietnamese dong currency has dropped against the U.S. dollar in the lead up to the U.S. Federal Reserve (Fed) meeting where interest rates are expected to be hiked by three-quarters of a point again. The State Bank of Vietnam (SBV) set the central foreign exchange rate at VND23,301 per U.S. dollar on September 20, […]
Read MoreThailand and Vietnam have surpassed Singapore as the top crypto trading centers among the ten members of the Association of Southeast Asian Nations (ASEAN). Nikkei reports that according to data provided on Wednesday by blockchain data company Chainalysis, the two ASEAN members reported over USD 100 billion in crypto trade values between July 2021 and June 2022. […]
Read MoreThe Asian Development Bank (ADB) said Wednesday that Cambodia was expected to have one of the lowest rates of inflation among ASEAN countries this year despite the global surge in fuel and fertiliser prices. In the annual update to its Asian Development Outlook, the bank said it upwardly revised its inflation forecast for Cambodia this […]
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Thailand
