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Trade war starts taking its toll on Vietnam’s economy

The Hanoitimes – Vietnam’s exports in the January – July period grew 7.3% year-on-year, less than half the growth rate recorded in the same period last year, while FDI commitments as of June 20 totaled US$18.47 billion, down 9.2% year-on-year. Contrary to previous reports that Vietnam would benefits from the escalating US – China trade war, […]

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Philippines: BOP reverts to $5-B surplus in 7 months

MANILA, Philippines — The country’s balance of payments (BOP) reverted to a $248 million surplus in July amid the strong inflows from the central bank’s foreign exchange operations and investments abroad as well as national government foreign currency deposits. The Bangko Sentral ng Pilipinas (BSP) said the BOP position yielded a surplus of $248 million […]

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Thailand: New stimulus predicted to push growth above 3%

The new stimulus package is estimated to boost economic growth by at least 0.55 percentage points and help this year’s growth to expand 3% or above, says Finance Minister Uttama Savanayana. “We hope the country’s GDP growth this year will achieve the National Economic and Social Development Council’s expectation of 3% or higher,” he said. […]

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