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.
The gross domestic product (GDP) of Vietnam grew 2.12 percent year-on-year in the first nine months of 2020, according to the General Statistics Office (GSO).
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.
Malaysia’s economy is expected to have contracted for the first time in more than a decade in the first quarter as COVID-19 crisis shattered private consumption and external demand.
The business sector contributed over 60 percent to the gross domestic product (GDP) in 2019, according to the White Book on Vietnamese Businesses released by the General Statistics Office (GSO) in Hanoi on April 28.
The Asian Development Bank (ADB) has predicted that the Thai economy will shrink by 4.8 percent this year due to the COVID-19 pandemic, heading for its deepest contraction since the Asian financial crisis in 1998.
Boosting the disbursement of all planned public investment would help increase this year’s gross domestic product (GDP) by 0.42 percentage points, according to the General Statistics Office (GSO).
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.
Fitch Solutions has revised down Indonesia’s economic growth forecast in 2020 as the COVID-19 pandemic places a heavy burden on its state budget and current account and limits Bank Indonesia’s monetary space to support the weakening rupiah.
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.
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 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 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.
Prime Minister Nguyen Xuan Phuc has required Deputy Prime Ministers and Ministers to continue accompanying businesses and remove difficulties to help them achieve breakthrough development in 2020 and the following years.
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.
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.
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).
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