The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
Inflationary pressure may increase between now and the year’s end due to impacts of multiple factors, requiring the Government take proactive and flexible actions, some experts have said.
Thailand’s economy could grow faster than forecast this year as a revival in tourism quickens, while the pace of monetary tightening to stave off inflationary pressures remained reasonable, according to Thai Finance Minister Arkhom Termpittayapaisith.
Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.
Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.
Vietnam and India are the most promising markets for long-term investment as the two countries have responded well to global challenges and uncertainties thanks to their fast-growing economies, according to Krungthai Asset Management (KTAM) Public Company Limited of Thailand.
MIDF Research has revised its retail trade growth forecast for Malaysia this year to 17.6%, up from the previous prediction of 10.5%, on the expectation of stronger GDP growth in the second quarter.
Escalating geopolitical tensions in the world may negatively affect economic activities and inflation in Vietnam due to weaker external demand, higher prices of commodities, and disrupted supply chains.
The average consumer price index (CPI) in the first four months of this year inched up 0.89 percent from the same period last year, the lowest rise for the first four months of a year since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4 percent for the year as a whole, according to an official from the General Statistics Office (GSO).
The average consumer price index (CPI) in the first four months of this year inched up 0.89 percent from the same period last year, the lowest rise for the first four months of a year since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4 percent for the year as a whole, according to an official from the General Statistics Office (GSO).
