The World Bank has predicted that Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023 despite projected slower growth of the global economy, Vientiane Times reported.
Foreign friends have expressed their impression on Vietnam’s achievements, especially those in external affairs, over the past 35 years of renewal process.
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.
Indonesian Minister of Finance Sri Mulyani Indrawati said on July 21 that there are four major risks that may hinder the recovery of the global economy from the first half of 2021.
The Philippine central bank said on June 18 that it forecast wider current account surpluses in 2021 and next year thanks to better prospects for trade in goods and services as the global economy recovers from the COVID-19 pandemic.
The International Monetary Fund (IMF) has downgraded Indonesia’s economic growth projection to 4.3 percent in this year, down 0.5 percentage point compared to its forecast in February.
The new Vietnamese leaders are expected to uphold the country’s long-held policies, including further opening its markets to the global economy and balancing relations with China and the US, said Bloomberg.
The first cases of COVID-19 were discovered on December 29, 2019 in Wuhan, China. Later, on March 31, 2020, the World Health Organisation (WHO) declared COVID-19 a global pandemic.
The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and an average consumer price index (CPI) of 4.2 percent under an optimistic scenario.
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
The Ministry of Trade and Industry (MTI) of Singapore on November 23 narrowed its forecast contraction to between 6 percent and 6.5 percent in 2020, from 5 percent to 7 percent before, as GDP improved in the third quarter.
The signing of the Regional Comprehensive Economic Partnership (RCEP) agreement is a boon for not only Asia, but also the rest of the world, Cambodian academics said.
Deputy ministers of finance and deputy governors of central banks in ASEAN and the US gathered at an online meeting on October 1 to share information and views on stable and sustainable finance and banking development.
Thailand’s exports are expected to drop 10 percent this year, deeper than the previous forecast of 8 percent, according to the Thai National Shippers' Council (TNSC).
Ministers from Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership (RCEP) began a videoconference on June 23, with how to bring India back to the talks among the focuses.
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