Vietnamplus

Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA).

High hopes are pinned on Vietnam’s rice export in the early months of 2021 after the price of its 5-percent broken rice exceeded 500 USD per tone last year, the highest since the end of 2011.

Professor Vladimir Mazyrin, leader of the Centre for Vietnamese and ASEAN Studies of the Far East Institute of the Russian Academy of Sciences, has described the results of economic development of Vietnam in 2020 as an extraordinary success.

Prime Minister of Thailand Prayut Chan-o-cha has instructed the Foreign Ministry to expedite the relaxation of restrictions on foreigners entering the country.

Thai Finance Minister Arkhom Termpittayapaisith has predicted that his country will welcome 8 million foreign tourists next year before returning to the pre-pandemic level of 40 million in 2024.

Leaders of European businesses in Vietnam were more positive about their firms’ performance in the third quarter of 2020, according to the Q3 Business Climate Index (BCI) released by the European Chamber of Commerce (EuroCham).

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

Vietnam has become one of the pioneers in the world in research and application of stem cell therapy to treat autism spectrum disorder (ASD) following new findings of the research body of Vinmec, a member of VinGroup.

In the second quarter, corporate bonds in Vietnam posted growth of 65.6 percent quarter-on-quarter and 76 percent year-on-year.

Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can grow by 20 percent compared to the low base this year.

On August 19th, the Directive which enforces social distancing at all restaurants and eateries as required by the People’s Committee of Hanoi takes effect.

Penang, Malaysia’s technology hub, is helping drive an economic recovery that could see the country bounce back faster than any of its peers in Southeast Asia, said experts.

The Philippine economy may contract by 8 percent in the second quarter of 2020 due to containment measures against COVID-19, according to Moody’s Analytics.

The Vietnam Dairy Products JSC (Vinamilk) recorded over 15.49 trillion VND (670.16 million USD) in consolidated net revenue between April and June, up 9.5 percent from the first quarter and 6.1 percent from a year earlier.

Indonesia has revised this year’s investment attraction target down to 817 trillion Rp (57.5 billion USD) from 886 trillion Rp due to COVID-19 impacts.

Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3 percent, from 2.8 percent previously.

While the current solutions mainly focus on pandemic-hit workers and people, businesses have not received support apart from loans.

Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.

Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter.

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.