The financial market in 2020 will become much more unpredictable and less active than the predictions made at the end of 2019 due to impact caused by the 2019 novel coronavirus (2019-nCoV) epidemic, according to a financial analyst.
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
Vietnam has been keeping a close watch on the United Kingdom’s withdrawal from the European Union (Brexit) and hopes that this process will take place smoothly, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang has said.
The Ministry of Trade and Industry (MTI) of Singapore on November 21 released a report showing that the country’s economy expanded by 0.5 percent yearonyear in the third quarter of 2019.
Thailand needs to restructure the export, import and investment sectors to cope with mounting external risks, particularly from the ongoing trade war, the Brexit impasse and the international geopolitical situation, said Boonyarit Kalayanamit, permanent commerce secretary.
A Vietnamese delegation led by Secretary of the Party Central Committee and head of its Commission for Internal Affairs Phan Dinh Trac paid a working trip to the UK from September 25 – October 2.
In the first nine months of 2019, the final consumption expenditure was 7.2 percent, while asset accumulation rose 7.68 percent, and exports expanded 7.41 percent.
As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.
The UK government will continue a preferential trade scheme for Cambodia even after Brexit, according to Foreign and Commonwealth Office Minister for Asia and the Pacific Heather Wheeler.
The economic cabinet of Thailand remains optimistic that the country’s economic growth will exceed 3 percent this year despite the sluggish global outlook.
British Foreign Secretary Dominic Raab travelled to Thailand on July 31 to attend a meeting of ASEAN foreign ministers in Bangkok to seek new trade opportunities and stronger diplomatic ties ahead of the country’s exit from the European Union (Brexit).
Vietnam and the UK welcomed the sustained progress in their strategic partnership, and stressed support for the rules-based international order, free trade, sustainable economic growth, education and cultural exchanges at their 7th strategic dialogue in London on July 2.
The conclusion of the EU – Vietnam Free Trade Agreement (EVFTA) marked the end of an arduous journey with three years of negotiations and another three years for preparation to reach the signing, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
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