Nine-month GDP growth lowest in 10 years: GSO Business

Nine-month GDP growth lowest in 10 years: GSO

The gross domestic product (GDP) in the first nine months of 2020 and the third quarter respectively grew 2.12 percent and 2.62 percent from a year earlier, the slowest pace in 10 years. However, this is still a success amid numerous difficulties caused by the COVID-19 pandemic.
Malaysia's economic stimulus to double deficit ASEAN

Malaysia's economic stimulus to double deficit

Malaysia’s fiscal deficit will nearly double to around 6 percent of the gross domestic product (GDP) this year because of the government’s recent efforts to revive the economy, according to Finance Minister Zafrul Abdul Aziz.
Vietnam's first-quarter GDP growth hits decade low  Business

Vietnam's first-quarter GDP growth hits decade low

Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.
ASEAN promotes intra-bloc trade, investment ASEAN

ASEAN promotes intra-bloc trade, investment

Promoting intra-bloc trade and investment for a cohesive and responsive Association of Southeast Asian Nations (ASEAN) is one of the much-discussed topics among ASEAN officials, researchers, and policymakers.
Malaysia promotes digitalisation of economy World

Malaysia promotes digitalisation of economy

The Malaysian government will ensure the digitalisation of the economy will not leave anyone out of the mainstream of development, Minister of Finance Lim Guan Eng said at a tech conference on December 30.
Vietnam’s GDP expands 7.02 percent in 2019 Business

Vietnam’s GDP expands 7.02 percent in 2019

Vietnam’s gross domestic product (GDP) increased 7.02 percent in 2019, marking the second straight year the economic growth rate topping 7 percent since 2011, according to the General Statistics Office (GSO).
Indonesia’s budget deficit rises in 11 months World

Indonesia’s budget deficit rises in 11 months

Indonesia’s budget deficit neared 26.28 billion USD during January - November, or 2.29 percent of the gross domestic product (GDP), compared to 1.8 percent of the GDP during the same period last year.
Revised GDP in line with international practices Business

Revised GDP in line with international practices

The revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017 is in line with international practices and serves as a foundation for the country's development path in the next 10 years, an official has said.
ADB raises growth forecasts for Vietnam in 2019 and 2020 Business

ADB raises growth forecasts for Vietnam in 2019 and 2020

The Asian Development Bank (ADB) has revised up its growth forecasts for Vietnam from 6.8 percent to 6.9 percent for 2019 and from 6.7 percent to 6.8 percent for 2020 while trimming its predictions in developing Asia as growth in China and India is weighed down by both external and domestic factors.
Vietnamese economy forecast to grow 7 percent during 2021-2025 Business

Vietnamese economy forecast to grow 7 percent during 2021-2025

Vietnam’s gross domestic product (GDP) is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF).