Vietnamplus

Vietnamese small and medium-sized businesses need more help to enter major global supply chains, experts told a workshop on October 16.

The Ministry of Information and Communication (MIC) will soon announce a roadmap for full termination of the second generation network (2G) technology to release broadband support for 3G, 4G and 5G.

Singaporean Prime Minister Lee Hsien Loong said on October 16 that the city-state’s economy will hopefully grow slightly in 2019.

Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.

Saving and using energy efficiently is one of the best solutions to ease the pressure on power supply amid large- and medium-sized hydropower plants in Vietnam already operating at their maximum capacity, experts have said.

The National Assembly Standing Committee spent the whole day discussing reports evaluating the implementation of the socio-economic development plan and State budget in 2019 during the ongoing 38th session in Hanoi on October 15.

The first phase of a hi-tech healthcare complex, expected to cost more than 1 billion USD, kicked off in Hanoi’s outskirt Dong Anh district on October 14.

Deputy Prime Minister Vuong Dinh Hue highlighted that the collective economic sector has escaped from the prolonged weakness while addressing a forum in Hanoi on October 14.

Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.

Prime Minister Nguyen Xuan Phuc has signed Directive 25/CT-TG on measures to promote sustainable growth and development of the northern key economic zone.

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

Thailand’s cabinet on October 11 gave the nod to 18 tourism stimulus measures proposed by the Ministry of Tourism and Sports to stimulate the economy in the fourth quarter of this year.

The Indonesian Government is focusing efforts on developing its blue economy in accordance with the UN Sustainable Development Goals (SDGs), supported by technology, tourism and energy innovations.

Indonesia's economic growth was estimated to remain at a moderate level around 5 percent until 2021, mainly backed by consumption, a World Bank (WB) senior economist has said.

Ho Chi Minh City authorities have promised to take swift action to curb the worsening air pollution, including improving environmental monitoring capacity and establishing an early warning system for residents.

The World Bank (WB) has said the Malaysian government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers. ​

Thailand’s currency has surged in value to a 6-year high of 30.33 baht per US dollar at the end of October 9.

The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.

Vietnam is on track to reach its 6.6-6.8 percent growth target this year. However, the country needs to remain cautious about external risks.