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Vietnam: 2017 GDP growth target of 6.7% in sight: NFSC

HANOI – The National Financial Supervisory Committee (NFSC) anticipates gross economic growth of Vietnam in 2017 will be more than 6.7 per cent. The target, several months ago, was forecast to be beyond reach. NFSC said the Government’s policies to improve investment climate and promote businesses posted positive results and fuelled gross domestic product (GDP) […]

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Indonesia: BI to Distribute E-Money Cards for Free

TEMPO.CO, Jakarta – Bank Indonesia (BI) announced that it would distribute electronic money (e-money) cards for free on October 16-31. Pungky Wibowo, director of electronic money at the BI’s payment system policies and supervisory department, said in Jakarta on Tuesday, October 10, 2017, that the toll road users who have not acquired e-money cards yet would be given […]

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Vietnam Airlines, Air France sign cooperation pact

HANOI: Vietnam’s flag carrier and Air France have signed an agreement to deepen their cooperation to tap the growing travel market between Vietnam and Europe. Vietnam Airlines and Air France have been cooperating for 20 years on aircraft maintenance and crew training and began code-sharing in 2010, but they said the partnership agreement signed by […]

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Indonesia: Rupiah Strengthens over Positive Domestic News

TEMPO.CO, Jakarta – Analysts project the rupiah exchange rate to strengthen again this week, supported by positive domestic news. “It is estimated that the rupiah will be in the support range of Rp13,595 and a resistance level of Rp13,448 per US dollar,” Binaartha Securitas analyst Reza Priyambada said in Jakarta, Sunday, 8 October. The rupiah appreciation is […]

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Global franchisers, retailers eye Vietnam

HCM CITY — With its rapidly growing economy and 95 million population of whom 60 per cent are young consumers, Vietnam is an attractive destination for global franchising and retail businesses. Speaking at a meeting in HCM City yesterday to introduce the 2018 Shop & Store Vietnam Expo, Suttisak Wilanan, deputy managing director of Reed Tradex, said many franchises in the […]

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