Thailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, according to the Bank of Thailand.
Indonesia’s economy posted a growth rate of 4.79 percent in 2015 – the lowest recorded in the past six years, due to decreases in commodity prices and export turnover to key markets.
Thailand 's gross
domestic product (GDP) growth is projected to reach 1.4 percent compared
to the earlier forecast of 2 percent due to slow export recovery,
according to the Fiscal Policy Office (FPO) of this country.
The Bank of Thailand (BoT) has warned that the country may not achieve
its 1.5 percent economic growth target for this year after official
August figures underscored slack economic momentum.
Finance ministers of 10 ASEAN countries and China, Japan and the Republic of Korea (ASEAN+3) said they are pleased about the implementation of the regional financial cooperation agreements during their 13 th meeting held in Tashkent, Uzbekistan on May 2.
Stability and efficiency will be the engine of Vietnam’s sustainable economic growth, ADB Country Director for Vietnam Ayumi Konishi said at a press briefing in Hanoi on April 13 on the announcement of the Asian Development Outlook 2010 (ADO).
ADB is
optimistic about Vietnam’s economy and supports the Government’s stance of making macro-economy stabilisation the leading
priority in macro-economy management in 2010.
Vietnamese State President Nguyen Minh
Triet on Nov. 15 called on APEC economies to join hands to bring the
regional and world economies back to healthy and durable growth.
Vietnam calls for integrated synergy of the entire
international community to better address challenges posed by the
global economic crisis with urgency, certainty and adequacy of
resources.
To meet the targeted annual GDP growth
rate of 5 percent, the country must achieve a growth rate of at least
6.5 percent in the last quarter of the year, said Prime Minister Nguyen
Tan Dung.
Vietnam posted an increase of 5.6
percent in its industrial production value to top 443 trillion VND in
the past eight months of this year, according to the General Statistics
Office (GSO).
Indonesia’s gross domestic product
(GDP) grew 4 percent in the second quarter compared with the same
quarter last year, and was up 2.3 percent from the previous quarter.
World
