Vietnam aims to become a higher average income country and a high income country by 2035 and 2045. However, to reach that goal, it will have to overcome challenges, especially institutional ones. According to the World Bank’s 2020 report, countries are classified into four groups: low-income economies (income per capita of less than $1,035), lower […]
Read MoreTHE call for Malaysia to increase the retirement age, due to its ageing population and high number of citizens with insufficient savings, has grown louder as the Covid-19 pandemic has further eroded their savings. There are also suggestions to offer fixed term contracts, incentives for higher contributions towards savings as well as to increase the […]
Read MoreExports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday. Exports, a key driver of Thai growth, dropped 4.4% in October from a year earlier, compared with a forecast rise of 6.0% year-on-year in a Reuters poll, and […]
Read MoreIndonesia’s annual economic growth may slow to 4.37% next year, partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor Perry Warjiyo told a parliamentary hearing. Jakarta (VNA) – Indonesia’s annual economic growth may slow to 4.37% next year, partly due to the impact of domestic monetary tightening, the country’s central bank (BI) […]
Read MoreIn the third quarter of 2022, average inflation fell to 4.9 percent compared to the previous quarter’s inflation rate, which was at 7.4 percent. This is according to the Economic and Financial Statistics Bulletin for the third quarter of 2022. The third quarter economic and financial statistics bulletin was released by the Ministry of Economy […]
Read MoreMANILA, Philippines — The Philippines is likely to lead economic growth in Asia-Pacific in 2023, supported by pent-up demand after the strict COVID-19 quarantine and lockdown protocols, according to Moody’s Investors Service. In a report, Moody’s said the Philippines would feel the lagged effect of post-pandemic reopening as it had the longest continuous lockdown of […]
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Thailand
