Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the USD, the country's Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has affirmed.
The Central Committee of the Vietnam Buddhist Sangha (VBS) and the Vietnam - Sri Lanka Friendship Association held a ceremony on June 17 to hand over cash assistance worth 1 billion VND (over 43,000 USD) to the government of Sri Lanka to help people in Sri Lanka overcome difficulties caused by the economic crisis.
The Ministry of International Trade & Industry of Malaysia (MITI) has called for stronger cooperation among member economies of the Asia-Pacific Economic Cooperation (APEC) forum to ensure sustainable and inclusive recovery.
Vietnam’s new leadership has continued to make foreign headlines, with Germany’s Junge Welt (Young World) running an article on this regard on April 9.
German daily newspaper Junge Welt (Young World) recently published an article noting that life in Vietnam has returned to normalcy, with economic growth being carried primarily by domestic demand and higher government investments.
Since the outbreak of the COVID-19 pandemic, more than one in six young people have stopped working, while those remaining in employment have seen their working hours decrease by 23 percent, according to the International Labour Organization (ILO).
Germany’s DW newswire recently ran an article saying that Vietnam still aims for an economic growth of 5 percent this year despite global economic crisis and likely recession in some of its neighbouring countries.
Laos’ economic growth is projected to decline in 2020 due to the impact of the COVID-19 pandemic and measures to contain its spread, unveiled a World Bank report on the country’s growth and debt in the year.
Vietnam’s economy is not likely to experience an economic crisis next year, according to Minister of Planning and Investment Nguyen Chi Dung, though it has suffered such crises in 1979, 1989, 1999 and 2009, following consistent 10-year cycles.
Parlamentnilisty.cz, an e-newspaper of the Czech Republic, has recently run an article praising the achievements Vietnam has recorded over the past 30 years of reform.
The Malaysian government on July 13 decided to lower the basic interest rate for the first time in seven years in the context of its economy struggling with weak exports and uncertain global economic
Francophonie Actualites, an established French magazine, devoted 40 pages in a special edition to highlighting the achievements Vietnam has recorded over the past 30 years of Doi Moi (reform).
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