Vietnamplus

Ho Chi Minh City is likely to exceed its growth target of 6-6.5% this year, a city official said.

The lower house of Thailand has approved a budget bill worth almost 3.19 trillion THB (88.2 billion USD) for the 2023 fiscal year.

Ho Chi Minh City is yet to tap the full potential of the night time economy despite evidence from other countries that it encourages higher spending by tourists, experts said.

An estimated 18 million international tourists visited Vietnam in 2019, but their spending in the country remained low, which is a challenge to the tourism sector. Night-time services and products could be the key answer to the issue.

Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.

Vietnamese ministries allocate more than 70 percent of their budgets to climate change adaptation, heard a launch workshop regarding climate public expenditure and investment review (CPEIR) of Vietnam on March 11.

In 2022, the Ministry of Finance will continue to study, propose and promptly implement policies on budget collection and spending to support those severely affected by the COVID-19 pandemic, creating a new impetus for socio-economic recovery and development.

Thailand's IT spending is expected to grow 6.4 percent annually to 871 billion THB (about 25.85 billion USD) next year with strong growth in enterprise software thanks to continued hybrid work and remote services, according to global research firm Gartner.

Cambodia’s National Assembly (NA) on November 25 approved the draft budget of 8.5 billion USD for the government spending in 2022, a rise of 8.4 percent over that of 2021.

Indonesian Finance Minister Sri Mulyani Indrawati has forecast the state revenue in 2021 to grow 16.3 percent year on year to over 1.91 quadrillion IDR (134.6 billion USD), from the target of 1.74 quadrillion IDR.

Shopping habits tended to focus only on essential goods amid the impact of the COVID-19 pandemic. It has therefore become necessary to identify solutions to effectively stabilise prices to stimulate consumer spending.

Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.

Total state budget revenue reached 912.1 trillion VND (39.74 billion USD) in the first seven months of 2021, equaling 67.9 percent of the estimate and up 15.6 percent year-on-year, data released by the Ministry of Finance on August 9 showed.

The State budget collection is expected to reach about 8.3 quadrillion VND (361.7 billion USD) under the national financial plan for 2021-2025.

The Indonesian government has decided to raise budget spending on health care and social protection to over 214.9 trillion rupiah from the previous 93.93 trillion rupiah (nearly 6.5 billion USD) within the framework of the national economic recovery (PEN).

State budget revenue hit 781 trillion VND (34 billion USD) in the first half of 2021, equal to 58.2 percent of the estimate and up 16.3 percent year-on-year, according to the Ministry of Finance.

State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.

Nearly 3 trillion VND (130.16 million USD) sourced from the State budget has been disbursed for COVID-19 control and prevention since the start of the year.

The Asian Development Bank (ADB) has projected that the Indonesian economy will return to high growth, last seen in the pre-pandemic era, in 2022, with the economy forecast to expand 5 percent next year.

HCM City is gearing up to develop e-commerce infrastructure and make e-commerce an economic spearhead contributing to its economic growth, the municipal Department of Industry and Trade has said.