Vietnamplus

Indonesian Finance Minister Sri Mulyani Indrawati has denied the notion that the tax revenue target for 2019 was set too high, causing the government fail to achieve it.

Indonesia's central bank cut interest rates for the fourth month in a row on October 24 as Southeast Asia's largest economy looks to counter slowing global growth.

Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.

Thailand has revised the number of foreign tourists it expects to welcome this year down from 40.1 million to 39.7 million, citing impact of the global economic slowdown and the stronger baht.

The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.

The Thai Ministry of Commerce said on September 20 that the country’s exports dropped 4 percent in August from a year earlier after an unexpected rise in the previous month.

Korean Air Lines Co., the Republic of Korea (RoK)'s largest carrier, said on September 4 that it has expanded cargo flights to Southeast Asia and South America to cope with the global economic slowdown prompted by the US-China trade tensions.

The Thai government has pledged to give new measures to spur exports and promote investment either later this month or early next month.

The State Bank of Vietnam (SBV) has publicised a draft circular that would adjust existing regulations managing gold trading, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported.

Gold prices on global markets have made strong gains in the past two months, but investors with short-term appetite seem uninterested in gold.

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.

The agriculture sector posted a year-on-year growth of 2.39 percent in the first half of 2019, despite facing numerous difficulties like global economic slowdown, impacts from US-China trade war, unfavourable weather, and especially the African swine fever.

Thailand will host a national convention on rice in late May to promote rice exports and reinforce trade partnership with representatives from public and private sectors.

The Tourism Authority of Thailand (TAT) has forecast that the number of tourists during this year’s Songkran festival from April 12-16 will drop by 10 percent partly due to the northern haze problems.

Vietnam gained positive economic achievements in the first quarter of this year despite a range of difficulties both in and outside the country, Prime Minister Nguyen Xuan Phuc has said.

Thailand reached its rice export target by shipping 11.13 million tonnes worth 5.62 billion USD abroad in 2018, according to the country’s Ministry of Commerce.

The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market.

Malaysian Prime Minister Mahathir Mohamad believes that Malaysia stands to benefit from the trade war between the US and China, even though the conflict has triggered concerns over a global economic slowdown.

Efforts by Vietnam’s overseas representative agencies over recent years have helped to strengthen the country’s trade and investment ties with partners around the globe, senior diplomats have said.

All eyes are on Vietnam as it is hosting the APEC Economic Leaders’ Week, the biggest economic event in the Asia-Pacific region.