Insurance industry forecast to keep thriving in 2020 Business

Insurance industry forecast to keep thriving in 2020

The insurance industry aims to maintain a high growth rate of 18.42 percent this year, gaining revenue of 188.73 trillion VND (8.1 billion USD), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).
Manufacturing sector drives economic growth Business

Manufacturing sector drives economic growth

The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).
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.
Economic milestones of Vietnam in 2019 Business

Economic milestones of Vietnam in 2019

One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
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.
Women-led businesses on the rise Business

Women-led businesses on the rise

The number of women-owned businesses increased from 21 percent in 2011 to 24 percent in 2018, according the Vietnam Chamber of Commerce and Industry (VCCI).
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.
PM promises to create optimal conditions for US enterprises Business

PM promises to create optimal conditions for US enterprises

Prime Minister Nguyen Xuan Phuc has affirmed the Vietnamese government’s determination to reform the country’s business environment and provide all possible support for foreign enterprises, including those from the US, to do business in Vietnam.