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Ho Chi Minh City is seeking to speed up public spending after many projects reported delays this year.

Ho Chi Minh City's authorities plan to review obstacles to public spending and the speed of fund allocation and disbursement this year. ​

Ho Chi Minh City is seeking to speed up spending on public projects after many districts reported slow rates so far this year.

The World Bank (WB) is optimistic about Laos’ economic growth, which is projected to rebound to 6.5 percent in 2019, higher than the figure of 6.3 percent recorded in 2018.

The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).

Voters in different localities voiced their wish that the National Assembly, Government and localities will give the priority to development investment, focusing public investment on key areas, after watching a live-broadcast discussion as part of the 6th session of the 14th legislature on October 29.

The Thai economy continues to gain further traction from both domestic and external demand, the central bank of Thailand (BOT) said in its press release on economic and monetary conditions in August.

Thailand’s economy is expected to expand 4 percent in the second quarter of 2018 driven by personal consumption, public spending and increasing exports, said the Fiscal Policy Office (FPO) under the Ministry of Finance.

The Government is capable of curbing the 2018 inflation rate at less than 4 percent as set by the National Assembly, according to Deputy Prime Minister Vuong Dinh Hue.

A high-ranking delegation of Ho Chi Minh City had a working session with leaders of the World Bank (WB) in Washington DC, the US, on December 15, seeking for the institution’s support in many fields.

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.

President of the WB Group, Jim Yong Kim, has expressed his support to the Indonesian government’s plan on tax reform in an effort to increase the state budget, reported Antara News Agency.

The World Bank (WB) has predicted that the Philippines will continue its robustgrowth in 2017 with an economic expansion of 6.8 percent, a slight drop compared to the earlier forecast of 6.9 percent it gave in April.

Thailand's Finance Ministry has officially lowered this year’s economic growth estimate as a result of the global economic slowdown.