This year, Fitch expects Vietnam’s GDP growth to accelerate to 6.1% in 2022 and 6.3% in 2023 from 2.6% in 2021. Fitch Ratings has assigned ‘BB’ to Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) with a Positive Outlook. “The affirmation reflects continued strong medium-term growth prospects, despite the Covid-19 pandemic and the global economic spillovers […]
Read MoreManufacturers whose products are meant for domestic use and export are struggling to find a way out amid the “storm” across materials and logistics prices after fuel prices reached new highs. From March 1 this year, Acecook Vietnam, a leading manufacturer of food and foodstuffs in Vietnam, increased the prices of all its products. Similarly, […]
Read MoreJAKARTA : Indonesia’s finance minister lowered the 2022 economic growth outlook to between 4.5per cent to 5.2per cent on Monday, compared with a previous outlook of 4.8per cent to 5.5per cent. Sri Mulyani Indrawati did not explain the downgrade, but said the government would continue to support Indonesia’s economic recovery from the COVID-19 pandemic through […]
Read MoreThe baht opened at 33.64 to the US dollar on Monday, weakening from Friday’s close of 33.57. The Thai currency is expected to move between 33.55 and 33.75 during the day and between 33.40 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the baht is likely to fluctuate in a […]
Read MoreWITH Malaysia set to reopen its borders from Apr 1, tourism-related stocks would be the key beneficiary groups, said UOB Kay Hian analysts in a research report on Monday (Mar 28). Tourism aside, e-payment services, brewery and selected retail real estate investment trusts, as well as manufacturers highly dependent on foreign workers, are also other […]
Read MoreThe central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found. While inflation in the tourism-dependent economy hit a 13-year high in February, driven mainly by […]
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