The University of Thai Chamber of Commerce (UTCC) has raised its forecast of Thailand’s economic growth this year to 4.6 percent from an earlier estimate of 4.5 percent after improved export, tourism and crop prices.
Vietnam’s e-commerce sector is growing at a rate of 35 percent a year and predicted to be worth 10 billion USD by 2020.
Heads of state from across Southeast Asia on September 12 hailed the technological opportunities for the region in the Fourth Industrial Revolution (4IR).
Vietnam is classified as one of the outperformers among emerging economies, according to a report of McKinsey Global Institute (MGI).
Prime Minister Nguyen Xuan Phuc has written an article on the occasion of the 2018 World Economic Forum on ASEAN (WEF-ASEAN 2018) which is taking place in Hanoi from September 11-13.
As the host of the 2018 World Economic Forum on ASEAN (WEF ASEAN 2018), Vietnam has the responsibility to work with the WEF and ASEAN to discuss important issues and plans for the development of ASEAN member countries amidst the Fourth Industrial Revolution, said Prime Minister Nguyen Xuan Phuc.
The Indonesian Ministry of Industry has set the goal to reduce automobile import value by about 700 million USD this year from 3.3 billion USD in 2017 through import restrictions, especially targeting luxury cars.
The World Economic Forum on ASEAN (WEF ASEAN) is one of the largest multilateral diplomatic events hosted by Vietnam this year, according to Deputy Foreign Minister Bui Thanh Son.
Indonesia has spent 11.9 trillion rupiah (about 796.7 million USD) in total through several market operations to reduce the pressure from depreciated value of the national currency against the USD, the governor of the country’s central bank said on September 5.
A delegation of central Da Nang city led by Secretary of the municipal Party Committee Truong Quang Nghia visited big cities of Canada from August 30 - September 2 to promote cooperation between localities and the two countries in general, especially in trade and investment.
The Vietnam Business Summit (VBS) 2018 will take place in Hanoi on September 13, drawing the participation of representatives from about 1,200 domestic and foreign businesses.
The Association of Southeast Asian Nations (ASEAN) and its Northeast Asian partners - China, Japan and the Republic of Korea (RoK) - have reaffirmed commitments to promoting cooperation and economic integration to build a free and open East Asia region amid growing protectionism.
Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market.
Thailand’s export turnover in July grew 8.27 percent to 20 billion USD in the 17th straight month of expansion, indicating that the country overall has not yet been affected by the US-China trade war.
The Government’s Economic Advisory Group should work to analyse internal and external difficulties to propose rational mechanisms for the nation’s sustainable economic growth, said Prime Minister Nguyen Xuan Phuc.
Hosting the World Economic Forum ASEAN (WEF ASEAN) in September will enhance Vietnam’s position and show its responsibility to the international community during the process of international integration, stated Deputy Foreign Minister Bui Thanh Son.
The diplomatic sector has efficiently served the national revolutionary cause and made worthy contribution to the country’s strong rise from the ruin of war to become a symbol of peace, stability, unity and harmony, renovation and development, according to the country’s top diplomat Pham Binh Minh.
Singapore's economy expanded 3.9 percent year on year in the second quarter of 2018, slightly above the advance estimate of 3.8 percent growth but lower than the median forecast of 4.1 percent.
