Bright growth outlook forecast for ASEAN+3 in 2020 World

Bright growth outlook forecast for ASEAN+3 in 2020

The ASEAN+3 Macroeconomic Research Office (AMRO) paints a positive economic outlook for the ASEAN region, China, Japan, and the Republic of Korea (RoK), projecting their growth to hit 4.9 percent in 2020.
Banks’ liquidity abundant ahead of Tet Business

Banks’ liquidity abundant ahead of Tet

Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
SBV responds to US’s latest forex exchange report Business

SBV responds to US’s latest forex exchange report

The State Bank of Vietnam (SBV) said it will continue coordinating with concerned Vietnamese ministries and agencies to communicate with the US regarding the US Department of Treasury’s latest report on macroeconomic and foreign exchange policies of major trading partners of the US.
Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
FDI flow into Cambodia picks up 11.7 percent in 2019 World

FDI flow into Cambodia picks up 11.7 percent in 2019

Cambodia lured more than 3.58 billion USD in foreign direct investment (FDI) in 2019, a year-on-year surge of 11.7 percent, with Chinese investment accounting for 43 percent of the total figure, according to the National Bank of Cambodia (NBC).
Credit growth exceeds 13 percent in 2019 Business

Credit growth exceeds 13 percent in 2019

Credit grew over 13 percent in 2019, slightly below the yearly targetof 14 percent, a senior official from the State Bank of Vietnam (SBV) told a recent press conference.
Retail sales in Vietnam hit four-year high Business

Retail sales in Vietnam hit four-year high

Retail sales of goods and services in Vietnam reached 4.94 quadrillion VND (214.8 billion USD) in 2019, representing a rise of 11.8 percent over the previous year, according to the General Statistics Office (GSO).