ADB optimistic about Vietnam's economic prospect despite slowdown Business

ADB optimistic about Vietnam's economic prospect despite slowdown

The ADB has revised down Vietnam's 2021 GDP growth forecast from 6.7 percent to 3.8 percent due to a resurgence of the COVID-19 pandemic that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains, according to a report released by the bank on September 22. ​
Thailand to adjust 20-year national strategy World

Thailand to adjust 20-year national strategy

The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Philippines eyes more borrowings due to COVID-19 World

Philippines eyes more borrowings due to COVID-19

The Philippine government is planning to borrow more from domestic and foreign markets to finance the budget deficit this year, due to the economic slowdown triggered by the COVID-19 outbreak.
Hanoi looks to boost eco-agriculture tourism Business

Hanoi looks to boost eco-agriculture tourism

Flowers and ornamental trees grown in Hong Van commune, Hanoi's Thuong Tin district, have become not only farming products but also tourism ones. Farms, roads and houses in the suburban area are also destinations for visitors.
Indonesia lowers 2019 credit growth target World

Indonesia lowers 2019 credit growth target

The Indonesian Financial Services Authority (FSA) has revised the credit growth in 2019 down to the range 8-10 percent from the range of 12-14 percent it forecast in the middle of the year.