Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.
The Lianhe Zaobao daily in Hong Kong, China, on June 30 ran an article highlighting Vietnam’s impressive economic growth of 7.72% in the second quarter.
The total amount of subsidies for Malaysian people is expected to reach near 80 billion RM (nearly 20 billion USD) in 2022, according to Malaysian Minister of Finance Zafrul Tengku Abdul Aziz.
The Singapore-based United Overseas Bank has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.
Singapore on June 21 announced a support package worth 1.5 billion SGD (about 1.08 billion USD) to provide immediate relief for vulnerable people and businesses amid rising inflation.
HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to the stable domestic food price, which is expected to help curb the country’s headline inflation.
Vietnam’s credit growth as of June 9 expanded by 17.09 percent against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to the stable domestic food price, which is expected to help curb the country’s headline inflation, according to a report released by the bank on June 14.
Private-sector analysts have shaved their growth forecast for Singapore for 2022, with the sharper-than-expected rise in inflation and slower economic activity in China among the downside risks for the Southeast Asian nation's economy, according a quarterly survey released by the Monetary Authority of Singapore (MAS).
Thailand's headline inflation, gauged by the consumer price index (CPI), hit a 13-year high in May, largely attributed to the rise in energy and food prices.
Deputy Prime Minister Le Minh Khai clarified a number of issues raised by National Assembly (NA) deputies regarding banking activities on June 9 as part of the ongoing NA third meeting's question-and-answer session.
Laos’ inflation increased to a record of 12.8 percent in May against the same period last year, according to the latest statistics from the Lao Statistics Bureau.
Chairman of the National Assembly (NA) Vuong Dinh Hue on June 8 demanded prompt implementation of fiscal and monetary policies to support the socio-economic recovery and development programme.
Malaysia’s inflation increased by 2.5 percent, driven by the rising food and fuel prices in 2021, the Department of Statistic Malaysia (DOSM) has said.
Vietnam’s consumer price index (CPI) in the first five months of the year edged up 2.25 percent year-on-year while core inflation rose by 1.1 percent, according to the General Statistics Office (GSO).
Malaysia’s consumer price index (CPI) in April increased 2.3 percent to 125.9 compared with 123.1 in the same month last year, the Department of Statistics Malaysia has said.
As a result of higher energy and food costs, Singapore’s core inflation accelerated to 3.3 percent year-on-year in April from the 10-year high of 2.9 percent in March.
The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows.
The HSBC has forecast that Vietnam's inflation will increase 3.7 percent, still below the inflation ceiling of 4 percent set by the State Bank of Vietnam (SBV).
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