The central bank would continue to keep the policy rates unchanged until the end of the year. Vietnam credit growth as of October 7 expanded by 7.42% against late 2020, higher than the 5.48% rate recorded in the same period of last year. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu […]
Read MoreThe Council for the Development of Cambodia (CDC) approved 134 investment projects in the first three quarters of this year, a 28 percent decrease compared with the same period last year. The approved investment projects were valued a total of $3.3 billion, a year-on-year decrease of 48 percent. Of the projects, 101 are located outside […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to establish a private digital company in the next six months to support its digital transformation and help in generating 2.4 trillion baht from high-spending travellers by 2023. TAT governor Yuthasak Supasorn said the authority would be limited to a 40% share of the new company so it […]
Read MoreHigher FDI commitments have been driven by increasing capital flow into manufacturing. FDI commitment increased by 26.1% month-on-month in September, a strong recovery amid the crisis, indicating foreign investors’ continued confidence in Vietnam’s economy in the longer term, according to the World Bank’s latest report. Higher FDI commitments were driven by increasing capital flow into […]
Read MoreVietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank’s October 2021 Vietnam Macro Monitoring. Vietnam’s GDP in the third quarter of 2021 decreased by 6.2 percent from the same period last year, the sharpest decline since Vietnam announced its quarterly GDP, the WB estimated. Given the […]
Read MoreThailand’s economy bottomed out in the third quarter of this year and will continue to recover though uncertainty remains high, showed minutes of the central bank’s last policy meeting released on Wednesday. On Sept 29, the Bank of Thailand’s Monetary Policy Committee unanimously voted to keep the benchmark interest rate at a record low of […]
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