Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.
The Ministry of Trade and Industry of Singapore downgraded its economic growth forecast to between 0.5-1.5 percent from the rate of between 0.5-2.5 percent estimated in November 2019.
The Asian Development Bank (ADB) has forecast that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively.
Singaporean employers have revealed bright prospects for their hiring plans in the third quarter of the year, according to a survey conducted by recruitment company ManpowerGroup Employment.
Dabaco Group has announced that it is commissioning soon a plant to produce cooking oil in Tien Du district, the northern province of Bac Ninh, with a designed capacity of 1,000 tonnes of soya bean per day.
Ho Chi Minh City authorities plan to relocate some of the city’s wholesale and retail markets to ease traffic congestion and ensure safety for residents.
Deputy Prime Minister Vuong Dinh Hue noted his hope that Thailand’s Central Group (CG) will continue to invest in product distribution, retail and wholesale trade in Vietnam.
More workers in Singapore lost their jobs last year amid weaker economic conditions, although overall unemployment remained low, according to the latest report released by the country’s Ministry of Ma
The Electricity of Vietnam (EVN), National Oil and Gas Group (PetroVietnam) and National Coal-Mineral Industries Corporation (TKV) should work harder towards a competitive power generation market.
Singapore’s 4.9 percent gross domestic product (GDP) increase in the
first quarter will put GDP on track to grow by 2 to 4 percent this year,
Ministry of Trade and Industry (MTI) Permanent Secretary Ow Foong Pheng
said.
The Lenin district administration of
Moscow plans to construct a wholesale trade centre for foreigners
working in the Cherkyzovo market, which closed in late June, the
Russian “Kommersant” daily said on August 4.
Vietnam’s government fiscal stimulus is
having a positive impact on the economy, especially in light of the
fact that 2009 is considered a year of great challenges, the Standard
Chartered Bank’s analyst Tai Hui has said.
The impacts can be seen clearly as a number of sectors in the economy
are showing signs of outperforming expectations, such as construction,
transportation and communications, financial intermediation, and retail
and wholesale trade.
ASEAN
