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Vietnam: VAMA’s May automobile sales drop by 8%

Members of the Việt Nam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8 per cent compared with the previous month. HÀ NỘI — Members of the Việt Nam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds last month, a decrease of 8 per cent compared to […]

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Thai growth set to beat BoT forecast

The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth. At its meeting last month, the central bank’s Monetary Policy Committee (MPC) said it believed the Thai economy should continue to expand with some inflationary risks. Tourism and private […]

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Cambodia’s trade turnover decreases 14 percent

Cambodia’s total trade turnover with world partners topped $19.2 billion in the first five months of 2023, a decrease of 14% compared to the same period last year, according to data from the country’s Ministry of Economy and Finance. The kingdom’s goods exports totaled nearly $9.2 billion,  down 2.4% year-on-year, while imports accounted for more […]

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Thailand: Central bank expects easing of loan growth

The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion. Bank loans recently increased as assistance to small and medium-sized enterprises helped them recover post-pandemic, especially through the central bank’s soft loan programme, said Sakkapop Panyanukul, director […]

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