The amount of newly registered foreign investment capital in Vietnam in January – September 2021 decreased year on year because many provinces had implemented social distancing, according to the Ministry of Planning and Investment. The number of foreign-invested projects licenced fell by 37.8% year on year, with 1,212 projects. However, the total registered capital of […]
Read MoreVietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter. Vietnam’s GDP growth in the first nine months of 2021 is estimated at 1.42%, lower than the 2.12% expansion rate recorded in the same period last year, according to the General Statistics Office (GSO). “The results, however, remain a “big success” given the […]
Read MoreThe country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB. Vietnam’s GDP growth forecast in 2021 has been revised down to 4.8% from the previous estimation of 6.6% due to economic pains associated with the current Covid-19 outbreak, but the country still remains among the fastest-growing economies in East […]
Read MoreThe local automobile industry would continue to face severe impacts from the Covid-19 pandemic as demands for cars are expected to stay low for the foreseeable future. The Ministry of Finance (MoF) has proposed an excise tax payment deferral for domestically-produced cars until the end of 2021. The move is seen as another effort from […]
Read MoreVietnam earned $3.15 billion from exporting goods to Cambodia in the first eight months of 2021, up 16.7 percent year-on-year. However, Vietnam reported a trade deficit of $354.4 million with Cambodia in the reviewed period. One of the reasons behind the trade deficit was increases in import turnover of six main products from Cambodia compared […]
Read MoreIn the US, policymakers are in a dilemma when they want to tighten money pumping into the economy to prevent the risk of high inflation, but they are afraid of losing the recovery momentum. The Bank of Canada (BoC) has decided to keep its key lending rate unchanged at a record low of 0.25% based […]
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Thailand
