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Factory activity in Singapore expands but at a slower pace

SINGAPORE – Factory activity in Singapore clocked its 24th consecutive month of expansion in June, although growth slightly slowed compared with May. The June reading of the Singapore Purchasing Managers’ Index (PMI) came in at 50.3, 0.1 point lower than for the previous month, said the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday […]

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Vietnam: Lao Cai border gate shuts down due to Covid

The Kim Thanh II international border gate in the northern province of Lao Cai suspended import-export activities from today, July 4, after China discovered Vietnamese goods having the coronavirus. Ha Duc Thuan, deputy head of the Lao Cai economic zone management board, told Tuoi Tre that the Chinese side has yet to inform when the […]

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Vietnamese Gov’t further cut taxes on petrol products

Once approved by the National Assembly, the cut will take effect on August 1. The Vietnamese Government has proposed a further cut of environmental protection tax on petrol products by VND1,000 per liter and VND500 for diesel products, the largest margin possible, until late 2022. The proposal was mentioned in Government’s resolution No.82 proposing lower […]

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