Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic. With Fitch Ratings raising the overall outlook for Vietnam from “Stable” to “Positive”, several Vietnamese banks have also been rated positive by the international rating agency. The rating has confirmed […]
Read MoreRising raw material prices are eating into profits at Chinese manufacturers even as they step up output to meet a post-Covid revival in demand. Industrial profits were up by just over 83 percent in the first five months of the year, following a 106 percent increase in April, according to figures released last week. And […]
Read MoreMANILA, Philippines (Update 2, 11:57 a.m.) — A slower increase in transportation fares tempered inflation in June, a welcome reprieve to consumers still reeling from pandemic-induced economic shocks and giving the central bank enough reasons to sustain its easy-money policy. After three straight months of steady reading, inflation, as measured by the consumer price index, eased to 4.1% […]
Read MoreBANGKOK (BLOOMBERG) – Many small and medium-sized enterprises (SMEs), the backbone of Thailand’s economy, are struggling with crushing debt loads that could force them out of business as the latest wave of Covid-19 infections dims the prospects for an economic recovery. “This round is much worse than last year, and millions of operators are suffering,” said Mr […]
Read MoreThe reported CPI only reflects 60-70 percent of the real situation, according to the former Chair of the Hanoi Supermarket Association Vu Vinh Phu. The General Statistics Office (GSO) has reported that the CPI increased by 1.47 percent in the first half of the year compared with the same period last year, the lowest increase […]
Read MoreSmall and medium-sized enterprises (SMEs) contribution to the gross domestic product (GDP) is expected to drop in the second quarter because of the harsh impact of new infections, which began in April. Veerapong Malai, director-general of the Office of Small and Medium Enterprises Promotion (Osmep) said the agency has forecast the contribution of SMEs towards […]
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