Vietnamplus

Demand for electric vehicles (EVs) in Malaysia will grow significantly in 2023, driven by current incentives provided by the government as well as upcoming launches of more affordably priced EVs, according to Malaysian Automotive Association (MAA) President Aishah Ahmad.

Malaysia's economic growth is the fastest among six ASEAN countries in the third quarter (Q3) and also in the first nine months of this year, an official has said.

Vietnam’s tourism sector is poised for strong growth over the next 5 years, with international tourism receipts expected to surpass pre-pandemic levels in 2024, according to the Business Times of Singapore.

Vietnam’s tourism sector is set to witness strong growth in the next five years, with international tourism arrivals expected to surpass pre-pandemic levels in 2024, according to The Business Times of Singapore.

Credit rating agency Fitch Solutions has revised up Malaysia's 2021 economic growth forecast to 1.5 percent from zero percent as the COVID-19 situation in the Southeast Asian country has improved.

Many international organizations have forecast robust economic recovery for Vietnam in 2021.

Vietnam’s economy will grow 6.5 percent each year over the course of the next 10 years as the Government diversifies export markets and improves infrastructure, according to market researchers Fitch Solutions.

Vietnam’s real GDP would grow by 2.6 percent in 2020 and hit an 8.2 percent rebound next year, Fitch Solutions has forecast.

The Vietnamese Government's support for the local pharmaceutical industry will remain steadfast, according to Fitch Solutions.

Vietnam’s current account surplus could narrow to 3.7 percent in 2020 from 4.9 percent last year due to the impacts of the COVID-19 pandemic, according to Fitch Solutions.

Apparel export from Vietnam has grown by 15.8% in terms of the compound average growth rate (CAGR) between 2010 and 2019, making it the second largest global apparel exporter after China

Vietnam, Cambodia, and Myanmar are among a few Asian nations set to gain the most from shifts in apparel manufacturing, according to a recent report from Fitch Solutions. ​

Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3 percent, from 2.8 percent previously.

The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 percent this year in light of a weak economic outlook, experts forecast.

Vietnam's 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.

Household spending in Indonesia, which contributes up to 57.4 percent of the country’s gross domestic product (GDP), is expected to slow down this year as more people lose their jobs during the COVID-19 pandemic.

Fitch Solutions has recently revised down Vietnam’s economic growth in 2020 to 6.3 per cent from 6.8 per cent previously due to the Covid-19 outbreak.

Fitch Solutions on Tuesday revised down Vietnam’s economic growth in 2020 to 6.3 percent from 6.8 percent previously due to the Covid-19 outbreak.

Fitch Solutions has revised down Indonesia’s economic growth forecast in 2020 as the COVID-19 pandemic places a heavy burden on its state budget and current account and limits Bank Indonesia’s monetary space to support the weakening rupiah.

Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.