Vietnamplus

The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC generated over 100 billion baht from outside investment.

International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.

Prime Minister Nguyen Xuan Phuc has stated that the Government will create more favourable conditions for small and medium-sized enterprises (SMEs), which now account for 90 percent of the total in the country.

The Cambodian Ministry of Agriculture, Forestry, and Fisheries on December 25 launched a five-year strategic plan which focuses on making the agriculture sector more competitive and resilient to climate change.

Expectations of business expansion among Singapore small and medium-sized enterprises (SMEs) have sunk to the lowest since 2009, according to a quarterly survey by the Singapore Business Federation (SBF) and Experian that was announced on December 23. ​

The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.

The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.

The ITU Digital World 2020, a global platform for accelerating innovations in information and communication technology (ICT), will take place in Hanoi, Vietnam, from September 6 – 9.

In recent days, many domestic banks have lowered both deposit and lending interest rates for short-term VND loans to support businesses in the year-end months.

The Qualcomm Vietnam Innovation Challenge 2020 was officially launched on December 12 to support the development of Vietnam’s rising technology eco-system.

Thailand’s National Metal and Materials Technology Center (MTEC) has joined forces with private companies and SMEs in Thailand to develop bags made from tapioca starch which completely degrade in four months.

The Federation of Thai Industries (FTI) and the Bank of Thailand (BoT) have agreed to launch new measures for Thai small and medium-sized enterprises (SMEs) to encourage them to expand overseas.

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.

US-based e-commerce giant Amazon has recently announced Vietnam’s conglomerate T&T Group as its strategic business partner, and the SHB as its first financial partner in the Southeast Asian nation.

Co-working space provider WeWork is expanding in Vietnam by opening two more offices in Ho Chi Minh City.

The private sector will be the driving force for HCM City’s economic growth, a top municipal official has said.

The first Global Women’s Leadership Summit 2019 was held in Seoul on November 28 to honour women’s role in social and economic activities at present.

A consistent legal framework related to tax deductions, land allocations and credit programmes is needed to support small- and medium-sized enterprises (SMEs), experts have urged.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung has called on companies of the Republic of Korea to increase their investment in Hanoi in the time to come.

Domestic banks forecast that the lending interest rates would drop in line with the government’s policy to support production and business activities of enterprises.