The Government’s Decree 81, which comes into effect on September 1, will help raise the corporate bond market standards and remove low-quality issuers to better protect investors.
Indonesia’s economy could contract between 4-4.8 percent in the second quarter of 2020, said Bank Indonesia (BI)’s senior deputy governor Destry Damayanti.
The e-magazine “Doanh nhan Vietnam” (Vietnam Entrepreneur) held a forum in Hanoi on July 23 to discuss business restructuring amid challenges caused by COVID-19.
Vietnam must hasten the process of issuing legal documents and institutional reform to implement free trade agreements (FTAs) and take advantage of these trade deals to boost exports, officials have said.
COVID-19 has had a serious impact on vulnerable households, especially those of ethnic minority groups, those with members working in the non-official sector, or those with immigrants, according to a report released at a conference in Hanoi on July 23.
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance.
Vietnam and China defined major tasks in the time ahead to beef up their comprehensive strategic cooperative partnership in a sustainable way, during the 12th meeting of the Steering Committee for Vietnam-China Bilateral Cooperation held in the form of teleconferencing on July 21.
Lack of funds is the main reason for the slow progress of several major transportation works in Ho Chi Minh City, the municipal People’s Council heard at a session last week.
Big heaps of waste that have appeared beside roads in Hanoi’s inner city districts for the last three days are expected to be cleared up by Friday, as people living around the Nam Son landfill agreed to stop blocking the way to the city’s biggest dump.
The Indonesian Ministry of Health reported 87 new coronavirus deaths on July 15, its biggest daily jump, taking the total number of fatalities to 3,797.
Prime Minister Nguyen Xuan Phuc chaired an online meeting on July 16 between permanent Government members and localities on speeding up public investment disbursement.
The COVID-19 pandemic has wiped out around 85 trillion rupiah (5.87 billion USD) of Indonesia’s tourism revenue so far this year, forcing business associations to call on the government to provide a greater stimulus for the virus-battered industry.
The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
Indonesia’s retail sales index shrank by 20.6 percent in May, the biggest reduction since 2008, mostly due to plunging clothes sales and cultural and recreational spending, according to a survey by the Bank Indonesia (BI).
Prime Minister Nguyen Xuan Phuc had a working session with authorities from the northern province of Ninh Binh on July 12 to check the implementation of socio-economic development in 2020, including the disbursement of public investment.
Vietnam is among the “brightest” spots in Asia despite the challenge of trying to contain the coronavirus pandemic and its economy is poised to rebound, said Edward Teather, a senior ASEAN economist from the Union Bank of Swizerland (UBS).
The Philippines’ inflation picked up again in June after the country began easing months-long lockdown, the Philippine Statistics Authority (PSA) said on July 7.
Anti-transfer pricing measures were included in the Law on Tax Administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year, according to experts at a seminar held in Hanoi on July 2, which focused on national market and price movements in H1 and forecasts for the whole year.
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