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Vietnam outperformed its regional peers, including China, to become the top-performing economy in Asia in 2020. Though some economies have not yet reported fourth-quarter numbers, estimates compiled by the U.S. broadcaster from official sources and…
Indian foreign direct investment in Vietnam is relatively modest because of the lack of trade promotion activities, says a deputy minister of planning and investment. “Bilateral trade and investment relationship has seen many positive results in recent times…
HSBC chairman Mark Tucker lauded the efforts of global governments in creating standards and definitions for sustainability but expressed concerns that they could potentially leave out Asian economies. According to Tucker, Asia is increasingly where global…
A government think tank has pegged economic growth at 6.46 percent this year thanks to the country’s success in containing the Covid-19 outbreak and maintaining stability. Vietnam is one of the fastest recovering economies in Asia, the Central Institute for…
HSBC has revised downward its Vietnam GDP growth forecast for 2021 from 8.1 percent to 7.8 percent, pointing to the slow recovery in tourism. Travel-related services such as accommodation and transportation remained in a deep slump, it said in a note. “There…
Vietnam’s economy is expected to grow five times, becoming the 19th largest economy in the world in 2035, a report says. Steady and consistent growth is set to help it go past major Asian economies like Taiwan and Thailand by 2035, U.K consultancy the Centre…
The improvement came on the back of the phased re-opening of the economy, following the «circuit breaker» that was implemented between April 7 and June 1, 2020. Singapore’s gross domestic product (GDP) in the third quarter of 2020 grew by 7.9 percent from the…
Eight casinos in Vietnam saw their combined revenues rise 60 percent from 2018 to VND2.5 trillion ($108 million) last year. These eight establishments were licensed before March 2017, when the government began a trial project allowing Vietnamese to gamble in…
Visa, the world’s leader in digital payments, today announced the launch of “Team Shop Chat Thai” lucky draw campaign offering rewards to Visa cardholders. The campaign is a collaborative effort led by Visa, along with its bank and merchant partners, to…
Hit by the circuit breaker and widespread closures of businesses, Singapore has reported a 41.2-percent contraction in its economy for the second quarter of the year. Singapore has entered a technical recession, with its economy shrinking 12.6 percent…
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new…
Just 3.4 percent of consumers globally are using retailer recycling schemes, according to a report by GlobalData – but the trend is on the rise as leading players find new ways to reduce waste, use fewer resources and even adopt circular business models.…
September Indonesia retail sales rose 0.7 percent year on year. Real Sales Index of Bank Indonesia showed that the country’s retail sales maintained positive growth despite falling 1.1 percent in August. Most of the growth was driven by sales of automotive…
Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam. Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime…
The subscription services economy – through which one can periodically receive products or services instead of purchasing them outright – is on the rise in South Korea. Rental services, which used to be represented by water purifiers, are now in their heyday…
Today, Google, Temasek and new partner, Bain & Company released its e-Conomy Southeast Asia report for 2019, highlighting the most significant industry trends observed in 2019 and analysing the current and future potential of the Southeast Asian Internet…
