Vietnamplus

Indonesia’s Finance Ministry has announced that the country’s state budget deficit increased to 281.9 trillion Rp (20.1 billion USD) or 1.8 percent of the gross domestic product (GDP) in October 2019, higher than the same period year earlier of 229.7 trillion Rp or 1.56 percent of GDP.

Shares of four Vietnamese banks may rise 14-68 percent in 12 months, according to JP Morgan’s Asia Pacific Equity Research.

The National Assembly voted to pass a resolution on the socio-economic development plan for 2020 during the ongoing eighth session in Hanoi on November 11.

In the first nine months of 2019, the final consumption expenditure was 7.2 percent, while asset accumulation rose 7.68 percent, and exports expanded 7.41 percent.

Indonesia’s gross domestic product (GDP) growth could slow to 4.9 percent in 2020 and 4.6 percent in 2022 amid intensifying risks such as the escalating trade tension between China and the US, according to the World Bank.

A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.

The Philippines is hoping to reach its target of 8.2 million foreign tourist arrivals in 2019, one million higher than the figure in 2018.

Vietnam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to 200 billion VND (8.6 million USD).

The Philippine Statistics Authority (PSA) reported on August 8 that the gross domestic product (GDP) growth slowed to 5.5 percent in the second quarter, its slowest pace in four years.

More than 75,000 trading accounts were opened on the derivatives market as of the end of June, officials announced on July 25.

The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.

Vietnam is likely to earn 10 billion USD from exporting aquatic products in 2019, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.

Singapore’s manufacturing growth slowed again in June 2019, according to the Singapore Institute of Purchasing and Materials Management (SIPMM).

Vietnam’s gross domestic product (GDP) grew 6.76 per cent in the first half of this year, the second highest rate since 2011.

The signing of the EU-Vietnam Free Trade Agreement (EVFTA) in Hanoi on June 30 after six years of negotiation is expected to serve as a lever for the growth of Vietnam’s economy and business community.

Although GDP growth in the first half of 2019 was only 6.76, well below the 7.08 percent growth rate in the same period last year, it was a good result compared to the figures from 2011-2017 period.

Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28.

The Ministry of Planning and Investment (MPI) will continue working hard to ensure gross domestic product (GDP) growth reaches 6.8 percent at the end of the year.

More than 300 businesspeople from Italy’s Piedmont region and member countries of ASEAN gathered at a workshop in Turin city on June 17 and 18 to seek business cooperation opportunities.

As a national flag carrier and reserve force for national security and defence, Vietnam Airlines should strive to become the first 5-star airline of Vietnam in the earliest time, Prime Minister Nguyen Xuan Phuc has said.