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Vietnam eyes formation of large scale corporations in retail sector by 2030

Such a large corporation would serve as a market-leading player and reduce the dependence of foreign firms or multinationals for distribution. The Vietnamese government continues to encourage the formation of large-scale corporations in retail, aiming to strengthen the linkage between production zones and consumer markets. This move was revealed in the government’s decision No.1163/QD-TTg on […]

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Malaysia: MARC lowers 2021 GDP growth forecast to 3.9%

PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has lowered its gross domestic product (GDP) growth forecast to 3.9% on-year, which is lower than its previous review of 5.1% due to the contraction in private consumption following the strict lockdown measures. In its report yesterday, MARC said its earlier January 2021 GDP growth forecast for Malaysia […]

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Thailand: State tinkers with reopening plan

The worsening Covid-19 situation in Thailand has led the Tourism and Sports Ministry to reconsider the country’s reopening strategy, admitting some target destinations are still marred by soaring infections. However, the ministry insists on reopening Bangkok by this year as the capital is the heart of the tourism industry in Thailand. “With more than 9,000 […]

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