In 2022, Vietnam is forecast to record growth at a significantly higher rate, partly thanks to the high vaccination rate that helped the country recovered most of its economic activity since late 2021. PwC recently published the report “Vietnam Outlook 2022: Economic prospects in the wake of COVID-19”. The report said that, after a long […]
Read MoreExperts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. Data from the Garment Manufacturers Association in Cambodia (GMAC) reveal […]
Read MoreMANILA, Philippines — The peso may weaken further to 52 to $1 as global oil prices continue to rise amid Russia’s invasion of Ukraine and the steady increase in consumer prices. After weakening further last week, BDO chief market strategist Jonathan Ravelas said the peso’s new trading range may settle between 51.60 and 51.90 to […]
Read MoreThe Federation of Thai Industries (FTI) is demanding a greater effort to deal with the severe shortage of 700,000 workers, even as the government is working to bring in migrant workers from neighbouring countries. Last month the federation called on authorities to speed up the signing of memorandums of understanding (MoUs) with officials in Cambodia, […]
Read MoreThai rice prices are expected to increase by 5% in the second quarter, pushed up by the war in Ukraine’s effect on surging global commodity prices, says veteran trader Chookiat Ophaswongse. Mr Chookiat, an honorary president of the Thai Rice Exporters Association, said there was growing concern about a wheat shortage as Russia and Ukraine […]
Read MoreAccording to the General Department of Taxation, there are 15 large corporations and technology companies in the world earning a lot of money from Vietnam through cross-border businesses. If Vietnam’s online advertising revenue is about 1 billion USD, Google and Facebook account for more than 80%, or more than 800 million USD, according to Vietnam […]
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