Vietnam’s success in containing Covid-19 and applying Investment Law, which was passed in January 2021, are expected to further attract foreign investment. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.8% year-on-year in the first four months of this year to US$5.5 billion, a report of the Foreign Investment Agency (FIA) under the […]
Read MoreAs high unemployment seen to linger MANILA, Philippines — The Asian Development Bank (ADB) has joined other international agencies and local think tanks that cut growth projections for the Philippine economy this year. In a virtual briefing yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender has substantially slashed its gross domestic product […]
Read MoreThailand’s manufacturing production index (MPI) in March reached its highest level in 29 months, increasing by 4.12% year-on-year to 107.73 points, an 8.39% rise from February. The positive results are due partly to the government’s economic stimulus packages and the fact that recent restrictions to curb the spread of Covid-19 are not affecting the operations […]
Read MoreThe Asian Development Bank (ADB) is optimistic about the growth of the Lao economy amid the Covid-19 crisis and lockdown measures imposed to contain the spread of the Coronavirus. According to the ADB’s Asian Development Outlook (ADO) 2021, which was unveiled on Wednesday, the Lao economy is projected to grow at 4.0 percent in 2021 […]
Read MoreExperts and economists have proposed to expand the issuance of Government bonds to the international market, saying that this will help increase oppotunities to mobilise investment flows for socio-economic development projects of Vietnam in the time to come. Addressing a workshop in Ho Chi Minh City on April 27, head of the Prime Minister’s economic advisory […]
Read MoreAmid the raging COVID-19 pandemic, Cambodia’s economy in 2020 registered its slowest growth since 1994. However, the country’s growth is projected to rebound this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP). A government report showed that the Southeast Asian nation’s economy shrank 1.9 percent […]
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