Thailand's second-quarter economic contraction could reach a record of 13 percent year-on-year after business activities were halted by lockdown measures during the period, said the Bank of Thailand (BoT).
Experts discussed the impacts of climate change on economic development in Vietnam using the Computable General Equilibrium (CGE) model at an international workshop at the Foreign Trade University (FTU) on September 30.
Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28.
The Foreign Ministry is hosting a meeting with ambassadors from the Middle East and Africa in Hanoi with the aim of boosting trade ties with the region.
Singapore's economy expanded by its slowest rate in a decade in the second quarter of this year, raising fear of a recession and monetary policy easing in October, according to a Reuters article.
The Bank of Thailand is preparing measures to control short-term capital inflows, while continuing to relax restrictions on outflows to cope with the strong baht, according to minutes of a policy meeting last month.
In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
A trade war waged by the US is likely to deliver a further blow to China’s economy in 2019, but the Association of Southeast Asian Nations (ASEAN) may benefit from the dispute between the world’s two biggest economies, according to Japan’s Kyodo News.
Credit-risk management should be enhanced to make sure business information was transparent and reliable to improve Vietnam’s trade, economic and investment conditions, according to Nguyen Quang Thuan, CEO from data analysis firm StoxPlus.
It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.
The VN-Index declined for the first time in six weeks due to heavy profit-taking pressure, but analysts expect a rebound this week following the release of the second-quarter business earnings.
The total population of Laos was 6,492,228 in 2015, an increase from 5,621,982 million in 2005, of which 3,237,458 were females, according to a latest report.
Shares sank for a second day on October 21 on the two national stock exchanges, likely caused by declining liquidity that raised investor caution ahead of the expected release of Oct economic data