HSBC: Vietnam’s services sector a bright spot
HSBC Vietnam has said Vietnam’s services sector remains a bright spot, partially offsetting some external weakness.
Philippines sees progress in child labour reduction
The number of working children aged 5-17 was estimated at 1.09 million in 2023, down from 1.48 million in 2022, according to the latest data released by the Philippine Statistics Authority (PSA) on November 21.
Singapore’s total employment expands for first time since start of COVID-19
Singapore’s labour market has continued its recovery from the COVID-19 in the first three months of the year, with total employment growing for the first time since the start of the pandemic, according the country’s Ministry of Manpower (MOM).
Services sector expected to expand by 7-8 percent this decade
Vietnam’s services sector is targeting a growth rate of 7-8 percent in the 2021-2030 period, higher than the economy’s average growth rate, and eyeing to account for 50 percent of GDP by 2030.
Ho Chi Minh City’s economy grows 7.76 percent in six months
Ho Chi Minh City’s gross regional domestic product grew by 7.76 percent in the first half of this year, higher than the same period in the past two years.