Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the coronavirus pandemic. Gross domestic product rose 0.36% from a year earlier, compared with a revised 3.68% in the first quarter, the General Statistics Office said Monday in Hanoi. The median estimate […]
Read MoreThe International Monetary Fund (IMF) on June 26 approved a disbursement to Myanmar equivalent to US$118.8 million under its Rapid Credit Facility (RCF) and a purchase equivalent to $237.7 million under its Rapid Financing Instrument (RFI). This will help meet the country’s balance-of-payments and fiscal needs arising from the COVID-19 pandemic and support the government’s […]
Read MoreVietnamese transport firms wherein foreign investors contribute over 51% of the chartered capital will not be licensed, according to the Ministry of Transport. Recently, some transport firms with over 51% of foreign stake had questions about the investment in vehicles for the road transport business. In response, the Ministry of Transport stated in a document […]
Read MoreKUALA LUMPUR: Malaysia has called for cohesive economic measures among Asean member states to build socioeconomic resilience in mitigating the impact of Covid-19, said the International Trade and Industry Ministry (Miti). In a statement on the 36th Asean Summit, Miti said Prime Minister Tan Sri Muhyiddin Yassin stressed that leaders, in moving beyond efforts to […]
Read MoreThailand is setting a new goal to become a global medical and wellness destination by 2024, aiming to lure international travellers and 1 million overseas Thais, according to the Tourism Authority of Thailand (TAT). As the pandemic raises awareness about healthcare and accelerates demand for preventive and regenerative medicine, the TAT sees an opportunity, particularly […]
Read MoreStudies have found that Vietnam’s taxation system offers many incentives to foreign invested enterprises (FIEs), but puts an increasingly heavy burden on Vietnamese enterprises and people. The 2020 annual economic report released by VEPR (the Vietnam Institute for Economic and Policy Research) on June 17 drew the public’s attention to the tax collection system. The […]
Read More
Thailand
