Vietnam is expected to move to a group of upper-middle-income countries by 2025. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic development. Minister of Planning and Investment Nguyen Chi Dung addressed the government’s five-year socio-economic plan at a sitting […]
Read MoreA bank analyst said the country’s fiscal authorities may need to reassess their present debt-to-gross domestic product (GDP) reduction strategy as credit downgrades loom. In a Thursday commentary, ING Bank Manila senior economist Nicholas Antonio Mapa noted that Fitch Ratings highlighted the scarring effects of the prolonged downturn in economic activity as well as how weak growth could affect […]
Read MoreKUALA LUMPUR: The country’s inflation rate, as measured by the Consumer Price Index (CPI), rose by 3.4% in June, due to higher fuel prices when compared with a year ago, but the increase was lower than a survey of 3.5%. Thirteen economists polled by Reuters had forecast the index to increase 3.5% year-on-year. The index […]
Read MoreThe Trade Promotion Department has been meeting to discuss and improve the content of the draft national policy on cashews. The video conference was chaired by the Commerce Ministry’s Secretary of State Reach Ra. The Trade Promotion Department’s suggestions will be incorporated into the draft policy before it is submitted to the next meeting of […]
Read MoreA spike in new Covid cases in Thailand and other Asian countries is leaving little hope of reviving the short-haul market this year despite the country reopening more destinations, according to the Association of Thai Travel Agents (Atta). “There’s no hope on the horizon as Thailand is still plagued with a high tally of Covid-19 […]
Read MoreThe gradual opening of international routes and the pilot opening of some tourist sites for foreign tourists are among important solutions in efforts to save the aviation, tourism, hotel and service industries. Reviewing the situation of the tourism industry in the first half of 2021, Director General of the Vietnam National Administration of Tourism Nguyen […]
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