Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.
Indonesia's inflation rate in December 2020 was clocked at 0.45 percent and 1.68 percent all through 2020, according to the Central Statistics Agency (BPS).
METALEX Vietnam, an annual exhibition on machine tools and the metalworking industry, will be virtual this year and feature meetings, business matching events and tech talks among other events.
Malaysia’s economy is forecast to shrink by 6 percent this year due to the impacts of COVID-19 pandemic, but it will rebound 6.6 percent next year, according to the Global Economic Outlook report from Oxford Economics.
The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia.
The recovery prospects look brightest for Vietnam and the country is expected to be the only Southeast Asian economy to record positive growth this year, according to the latest Global Economic Outlook report from Oxford Economics, commissioned by chartered accountancy body ICAEW.
Vietnam’s effective containment of COVID-19 should allow it to make a quicker rebound than most other economies in the region and its GDP growth can be around 2.3 percent this year, Sian Fenner, an economist from Oxford Economics wrote in a July 14 report.
Economic growth in the ASEAN region could rebound to an average 8 percent in 2021 after falling into recession in the first half of 2020, a report suggested on June 8.
COVID-19 pandemic has been a “black shadow” covering the whole world, causing fear and drowning tourism into gloomy situation. Amidst the complicated developments of the pandemic, tourism has little hope for fast recovery.
Southeast Asia’s GDP growth is likely to remain at 4.5 percent in 2020, amid high risks of a re-escalation in trade tensions between the US and China, according to the latest report produced by the British advisory firm Oxford Economics.
Despite the slowdown in global deal-making due to ongoing worldwide economic uncertainty, Vietnam remains active in M&A in 2020, according to a new report by Baker McKenzie.
Cooling export growth will impact Southeast Asia, pulling down the region’s economic growth to 4.8 percent this year from 5.1 percent in 2018, the Institute of Chartered Accountants in England and Wales has forecast.
With its recent increase in adoption rate, innovations in artificial intelligence (AI) technology are looking to have a big impact on the workforce across the Association of Southeast Asian Nations (ASEAN) over the next few decades, according to a new study by Cisco and Oxford Economics.
Ho Chi Minh City will become the second fastest growing economy in Asia by 2021, according to a study by the UK-based Oxford Economics, reported Bloomberg.
Stronger export growth and a continued rise in investment suggest Vietnam’s GDP growth will go back to above 6.5 percent in 2017, after a slowdown to 6.2 percent in 2016.
Research recently conducted by Oxford Economics says that the mobile internet sector may contribute 5.1 billion USD to Vietnam from 2015 to 2020, it was revealed at a workshop on August 2.
Vietnamese workers have substantially improved their productivity levels in the last 15 years, according to ICAEW’s latest ‘Economic Insight: South East Asia’ event launched in Hanoi on June 10.
Vietnam’s gross domestic product (GDP) is expected to stay between 6 and 7 percent from 2016 to 2018, according to the latest report from the Institute of Chartered Accountants.
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