Vietnamplus

As the domestic market has been heavily affected by the COVID-19 pandemic, many small steel enterprises experienced a sharp decline in profit in the third quarter of 2021.

Deposit interest rates at commercial banks will continue to decrease and remain at low levels in the coming months, analysts forecast.

Profits of the banking industry in the third quarter of 2021 would decrease by 19 percent compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.

The Philippine economy grew 11.8 percent year-on-year in the second quarter this year, ending five straight quarters of decline in gross domestic product (GDP).

Cambodia confirmed 486 new COVID-19 infections and 11 deaths over the past 24 hours, the Ministry of Health said on August 11.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) ticked up to 45.1 in July from 44.1 in June, signalling a marked deterioration in business conditions across the sector for the second month in a row.

About 335 million USD was spent on importing 15,316 completely built-up (CBU) vehicles in June, down 10.2 percent and 1.8 percent, respectively, against the previous month, according to the General Department of Customs.

The illicit wildlife trade has not declined in Vietnam despite efforts of the government and counterparts in combating this endemic problem, according to a report by the People and Nature Reconciliation (PanNature), a non-profit organisation.

Singapore's economic growth may decline in the April-June period compared with the previous quarter because of the recently re-imposed coronavirus curbs, putting at risk the full-year target of more than 6 percent, experts have said. ​

Deforestation in Indonesia was brought down by 75 percent last year thanks to more effective control of forest fires and limitation of woodland clearance, the Ministry of Environment and Forestry has said.

Thailand’s shrimp exports are projected to fall 14 percent this year to only 150,000 tonnes, with values down 21 percent to some 44 billion THB (about 1.46 billion USD), mostly due to the pandemic and strong currency.

The number of species of wild birds, fish, and plants in the Mekong Delta has fallen rapidly in recent years because of a decline in food resources and natural habitats.

The volume of cargo handled at Vietnamese seaports was estimated to reach almost 630 million tonnes in the first 11 months of 2020, an increase of 5 percent against the same period last year, according to the Vietnam Maritime Administration.

Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC).

Retail sales in Singapore fell by 10.8 percent year-on-year in September, a steeper decline compared to the 5.4 percent drop in August, according to the country's Department of Statistics (SingStat).

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.

The number of COVID-19 cases in six major provinces of Indonesia has dropped in the past week, said an expert team member of the country's COVID-19 task force on October 7.

The COVID-19 pandemic continues to leave a lasting impact on the construction industry in Malaysia, which suffered big losses during the initial phase of the Movement Control Order (MCO), the New Straits Times reported.

Vietnam’s trade surplus with the rest of the world stood at 6.5 billion USD in the first seven months of this year amidst a decline in global trade due to the COVID-19 pandemic.

Indonesia’s gold production reached only 9.98 tonnes as of May 2020, much lower than the figure in the same period last year (109.02 tonnes), according to senior advisor of Indonesian Minister of Energy and Mineral Resources Irwandy Arif.