Vietnam attractive to investors: Russian expert Business

Vietnam attractive to investors: Russian expert

Vietnam has emerged as an attractive destination to investors thanks to its rapid economic growth and high business profits, said Vladimir Potapov, CEO of Russia’s VTB Capital Investments and Senior Vice President of VTB Bank.
ADB revises down Laos’ economic growth outlook World

ADB revises down Laos’ economic growth outlook

Laos’ economic growth will be moderate in 2019 and 2020, projected to be at 6.2 percent, slightly lower than April forecast of 6.5 percent, according to a new Asian Development Bank (ADB) report.
Inflation around 3.3 – 3.5 percent this year: Deputy PM Business

Inflation around 3.3 – 3.5 percent this year: Deputy PM

The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.
Singapore expected to ease monetary policy soon World

Singapore expected to ease monetary policy soon

As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.
ADB cuts Southeast Asia growth forecast World

ADB cuts Southeast Asia growth forecast

The Asian Development Bank (ADB) has revised down its forecast on economic growth in Southeast Asia to 4.5 percent compared with a previous forecast of 4.8 percent and from last year's 5.1 percent pace.
Indonesia’s next year budget to focus on five sectors World

Indonesia’s next year budget to focus on five sectors

Indonesia’s House of Representative passed the 2020 state budget on September 24, focusing on five prioritised fields, to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.