ADB: Thailand’s economy to shrink by 8 percent in 2020 World

ADB: Thailand’s economy to shrink by 8 percent in 2020

Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand's economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8 percent, says the Asian Development Bank (ADB).
Vietnam’s PMI falls to 51.4 in August Business

Vietnam’s PMI falls to 51.4 in August

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.
January-June GDP picks up 6.76 percent Business

January-June GDP picks up 6.76 percent

Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28.
APEC economies vow support for free trade World

APEC economies vow support for free trade

Twenty one member economies of the Asia – Pacific Economic Cooperation (APEC) forum have voiced their support for free trade in the context that global economy is being affected by the US-China trade war.
Vietnam takes lead in PMI rankings Business

Vietnam takes lead in PMI rankings

Vietnam maintained its lead in the ASEAN Manufacturing Purchasing Managers’ Index (PMI) rankings, registering another solid improvement in its goods-producing sector in July, the latest survey from Nikkei’s IHS Markit revealed on August 1.
First-half GDP expands 7.08 percent, hitting 8-year high Business

First-half GDP expands 7.08 percent, hitting 8-year high

Vietnam’s gross domestic product (GDP) expanded 7.08 percent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).
Manufacturing firms perform better in Q2 Business

Manufacturing firms perform better in Q2

Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year, according to the General Statistics Office of Vietnam.
US, EU investors still hesitant: experts Business

US, EU investors still hesitant: experts

Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.