The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has forecast that up to 45 billion baht in cash flow will be in circulation during the Vegetarian Festival this year.
A survey of members of the Thai Chamber of Commerce (TCC) found that confidence in the Thai economy is at its highest in eight months.
Vietnam’s gross domestic product (GDP) is expected to grow 6.6 percent in 2018, down slightly from 6.8 percent last year.
Vietnam’s economy could grow by 7.02 percent in 2018 under a high growth rate scenario, according to the National Center for Socio-Economic Information and Forecast (NCIF).
Social platforms are effective channels where online tourism firms interact with potential customers, and the travel industry must transform to keep pace with technological changes, experts have said.
Fast-moving consumer goods (FMCG) are expected to have another year of strong growth in 2018 and rise 6-7 percent over the preceding year, according to a Kantar Worldpanel report on Vietnam FMCG market.
The Thai Government has passed a tax incentive to encourage shopping activities across the country at year’s end, boosting domestic consumer spending.
Vietnam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power.
Businesses and experts are hopeful about a revival in Thai economy after the year-long mourning period for late King Bhumibol Adulyadej ends on October 29.
Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.
Thailand’s gross domestic product (GDP) increased 3.7 percent year-on-year in the second quarter of 2017, reported the National Economic and Social Development Board.
The Indonesian economy is expected to grow by 5.1-5.3 percent in the second quarter of 2017 thanks to a rise in domestic consumption.
Investment and individual consumption will fuel Vietnam’s economic growth in the year, according to Pham Hong Hai, Chief Executive Officer for Vietnam at HSBC Holdings.
The Government of Thailand is mulling over a new economic stimulus plan, which is expected to revitalise the underperforming economy.
Consumer spending in November posted a significant year-on-year increase as the Tet (Lunar New Year) holiday neared.
The Philippines has seen the strongest economic growth in Southeast Asia in the first three months in office of President Rodrigo Duterte.
Vietnam’s total retail sale and service revenues saw a year-on-year increase of 9.3 percent to some 2,896.6 trillion VND (126 billion USD) in the first ten months of 2016.
The World Bank (WB) has cut its projection for Indonesia’s economic growth from 5.3 to 5.1 percent this year, local media reported on October 6.
