ASEAN Plus Three countries promote inter-bank cooperation Business

ASEAN Plus Three countries promote inter-bank cooperation

Government-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14.
RCEP hoped to sign by year-end: Singaporean diplomat World

RCEP hoped to sign by year-end: Singaporean diplomat

Despite difficulties in organising meetings and gatherings due to COVID-19 pandemic, ASEAN member countries have given a series of initiatives on the threshold of the 37th ASEAN Summit and related meetings in Hanoi this week, Singaporean Ambassador to Vietnam Catherine has said.
Indonesia enters first recession since 1998 World

Indonesia enters first recession since 1998

Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter of this year, albeit at a slower pace.
Thailand’s GDP to fall 7-9 percent in 2020 World

Thailand’s GDP to fall 7-9 percent in 2020

Thailand's Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicted that the country’seconomy will contract by 7-9 percent this year, although exports could shrink less than previously projected, because the coronavirus pandemic remains a risk.
Mercosur - potential market for Vietnamese exports Business

Mercosur - potential market for Vietnamese exports

Mercosur countries, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela, could be a potential market for a wide range of Vietnamese products such as clothing, footwear, handicraft, and processed food in the context that the COVID-19 pandemic has killed off various traditional supply chains, heard a conference.
WB: Indonesia’s economy to contract faster than expected World

WB: Indonesia’s economy to contract faster than expected

Indonesia’s economy could contract more than expected if the coronavirus pandemic remains uncontrolled, as Southeast Asia’s largest economy faces an “uneven and volatile” economic recovery, according to the World Bank (WB).
Vietnam active in building ASEAN Community: Official ASEAN

Vietnam active in building ASEAN Community: Official

Vietnam has been doing its utmost alongside other ASEAN member states in realising the ASEAN Community, while fulfilling the Chairmanship 2020 for a cohesive and responsive ASEAN, said a Vietnamese official.