A number of Vietnamese banks plan to sell more shares to foreign investors in 2022 as part of set strategies. Leaders of the Orient Commercial Bank (OCB) said the bank was negotiating with foreign partners to sell 10 per cent of its charter capital, baodautu.vn reported. If the deal is successful, the bank will lift […]
Read MoreHANOI (VIET NAM NEWS) – Seven countries and territories, including the United States (US), Japan, Singapore, Cambodia and South Korea, have agreed to resume air routes to Vietnam, according to the Civil Aviation Authority of Vietnam (CAAV). Most have basically agreed with Vietnam’s proposal on the frequency of four regular international passenger flights per week […]
Read MoreThe World Bank’s latest Global Economic Prospects report suggests Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023. The global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger recovery in emerging and developing […]
Read MoreA World Bank released on January 12, 2022, said that Cambodia’s economic growth this year is expected to reach 4.5 percent this year and is projected to grow further to 5.5 percent in 2023. The economies of Cambodia, Malaysia, the Philippines and Thailand, which depend on tourism, are not expected to recover to previous levels, […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has decided to maintain its GDP growth forecast at 3-4.5%, believing the government will not reimpose harsh lockdown measures and looking forward to better tourism prospects in the second quarter. The rapid spread of the Omicron Covid-19 variant recently caused concern over a possible new […]
Read MoreMANILA, Philippines — Local car and truck makers ended 2021 with sales growing by a fifth from a year ago, as monthly sales reached their highest level in December since the pandemic hit the country. A joint report released yesterday showed the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association […]
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