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Vietnam boasts faster V-shaped recovery in Southeast Asian: Maybank

The Hanoitimes – Vietnam’s manufacturing purchasing managers’ index has risen a lot more quickly and strongly than the rest of ASEAN. Vietnam and Singapore are reporting a faster-than-expected V-shaped recovery compared to the rest in the Southeast Asian region, according to Singapore-based Business Times, citing a report from Malaysia’s largest bank Maybank Kim Eng. Maybank’s report suggested […]

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Optimism about Vietnam economic rebound

Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong. The Vietnamese government targets economic growth of 2% to 3% in 2020, 6% in 2021, however, it remains quite modest compared to positive assessment from international organization and […]

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Vietnam gov’t warns of interest groups profiteering from SOE privatization

The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy. The Vietnamese government has issued a resolution urging economic corporations and state-owned enterprises (SOEs) to prevent interest groups from profiteering during their processes of privatization and divestment of state […]

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Philippines: Exports rise for 1st time in 8 months

MANILA, Philippines — Exports rose in September, the first time since February, boosted by demand from China which is already recovering from the pandemic, the Philippine Statistics Authority (PSA) reported yesterday. Total export sales grew by 2.2 percent to $6.22 billion in September, coming from a 12.8 percent annual decline in August when outbound sales […]

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Optimism about Vietnam economic rebound

The Hanoitimes – Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong. The Vietnamese government targets economic growth of 2% to 3% in 2020, 6% in 2021, however, it remains quite modest compared to positive assessment from international […]

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