Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has said he is optimistic that national economic growth will cross 5.3 % in 2023 if the government spending is increased.
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
Despite the global economic downturn, Laos' National Assembly has set an economic growth target of at least 4.5% for 2023 as proposed by the Government.
Technology and telecoms businesses are expected to continue benefiting from the growth of the digital economy in Vietnam, which is showing a strong performance in the commercialisation of the 5G network.
The Asian Development Bank (ADB) has maintained its favorable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023.
Vietnam must heed the role of the market in its economic growth and development model. In a constructivist-innovative state, the market is a key factor in transforming the 'brown economy' to 'green economy.'
Vietnam's economy will recover quickly, effectively and strongly to return to a trajectory of sustainable development in 2022, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
Investment during the pandemic has proved challenging for investors across the globe. However, hopes for this top-performing Asian economy are growing as the Vietnam market has outperformed other international peers thanks to its GDP growth amid COVID-19 last year, according to the Bangkok Post.
Thailand's e-commerce value is expected to grow 6.1 percent to 4 trillion THB (120 billion USD) this year, crucially driven by businesses that are sharpening their focus on the business-to-customer (B2C) model in the wake of the pandemic, according to the Electronic Transactions Development Agency (ETDA).
Singapore's gross domestic product (GDP) rose 6.5 percent on a year-on-year basis in the July-September period, much lower than the growth rate of 15.2 percent in the previous quarter, said the Ministry of Trade and Industry (MTI) on October 14.
Indonesian Health Minister Budi Gunadi Sadikin said the number of domestic COVID-19 cases decreased as people had acquired immunity to the virus naturally or through vaccination.
HSBC Vietnam has mapped out two scenarios for Vietnam’s economy until the end of the year which focused on the re-opening of the economy, according to its Chief Executive Officer (CEO) Tim Evans.
Thailand's exports are expected to rise 12 percent this year thanks to the global economic recovery and a return of economic activities after a widened coverage of vaccinations among major trading partners, according to the Thai National Shippers' Council (TNSC).
Malaysia is putting a priority on rebuilding its economy and placing the country on a stronger footing with a more competitive economy, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.
Ministers from 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreed to schedule an online meeting on September 1 to discuss the UK application to join the deal.
Thailand’s central bank on June 23 decided to keep key rate unchanged at record low 0.5 percent and cut 2021 economic growth forecast following the complicated development of COVID-19 in the country.
Malaysia will likely record a strong economic recovery in the fourth quarter of this year if the government's actions to contain the coronavirus are proven to be effective in bringing down the number of COVID-19 cases.
Indonesia’s digital economy is predicted to grow up to eightfold from Rp632 trillion (44.4 billion USD) in 2020 to 4,531 trillion Rupiah (319 billion USD) by 2030, Minister of Trade Muhammad Lutfi has said.
Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB).
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