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Cambodia’s National Bank and the United Nations are advancing 22 key actions to bolster consumer protection and responsible lending in the nation’s microfinance sector, aiming for a more transparent financial system.
Japanese households face renewed financial pressure as companies prepare to pass on rising crude oil costs to consumers from summer onwards, exacerbating a slowdown in domestic demand. This comes after GDP growth was driven by external factors.
Concerns over job security and diminished purchasing power are negatively affecting consumer confidence in Indonesia, with a notable drop in the retail sales index in June. However, Bank Indonesia anticipates a recovery in the coming month.
The burgeoning semiconductor industry is propelling Vietnam and the Philippines closer to ‘high-income’ status, a significant economic shift for Southeast Asia that could reshape consumer markets and investment prospects in the region.
Despite a general slowdown in China’s consumer spending, a surprising surge in demand for premium goods and services is emerging from the nation’s smaller, often overlooked cities, presenting new opportunities for retailers.
After enduring years of economic adjustments and investor uncertainty, China is on the cusp of entering a fresh chapter. This revival is anticipated to be powered by advancements in manufacturing, artificial intelligence (AI), and the digital economy,…
United Overseas Bank (UOB), a leading financial institution based in Singapore, has increased its prediction concerning Vietnam’s GDP growth for the current year. Previously, the bank estimated a 7% increase; however, based on the country’s…
The upcoming Hong Kong Gifts & Premium Fair and Home InStyle, set to take place later this month, are poised to once again underscore Hong Kong’s pivotal role in highlighting changing trends in Asia’s lifestyle and retail sourcing sectors. Program Overview…
Home improvement retail is a sector known for its cyclical nature and susceptibility to shifts in consumer confidence. This is evident in Thailand’s DIY market, Southeast Asia’s largest, which is currently grappling with low consumer confidence, escalating…
Pop Mart, renowned for creating the popular Labubu doll, has revealed London as the location for its new regional headquarters. In addition, it has plans to launch seven more stores across the UK. This decision is viewed as a significant investment for the…
Vietnam’s burgeoning 5G network is forecasted to bolster the forthcoming wave of the nation’s digital economy. This expectation comes as local telecommunications companies hasten infrastructure development and commence the expansion of commercial and public…
Ho Chi Minh City (HCMC), Vietnam’s largest city, has outlined ambitious economic goals for the year ahead. The city plans to increase its per capita income by 12%, bringing it to $9,800, a figure that is twice the national average. This is a significant…
The Vietnamese economy experienced significant growth in the last year, with an impressive rate of 8.02%, marking the second-highest growth rate in the past 15 years. This growth was primarily fueled by the services and industry sectors. In the final quarter…
In 2026, Singapore is slated to encounter a crucial year in which its economic resilience will be put to the test by changing geopolitical scenarios, trade fragmentation, and a moderating technology cycle, according to a recent report by DBS, the nation’s…
Hong Kong’s retail sector has seen a significant upswing, with October marking the sixth consecutive month of sales increase. As per data from the Census and Statistics Department, there was a year-on-year increase of 6.9% in retail sales, provisionally…
During the previous academic year, U.S. higher education institutions saw an unprecedented influx of nearly 25,600 students from Vietnam. As such, Vietnam now holds the title of being the fifth most significant source of international students for the United…
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