by Teuvo Tuomi | Jul 21, 2024 | ASEAN, Business, Digitalization, News, Southeast Asia, Technology, Thailand, Trade, Vietnam
Vietnam and Thailand are the fastest-growing e-commerce markets in Southeast Asia, according to a new report by OpenGov Asia. The report also highlights Vietnam’s ascent past the Philippines to become the third-largest e-commerce market in the region.Last year, the...
by Teuvo Tuomi | Jul 20, 2024 | News, ASEAN, Business, Economy, Investment, Thailand, Trade, Visions
Developers in Thailand’s Rayong have been adjusting to a market slowdown by reducing the of newly launched residential supply in the first quarter of 2024. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), says the Rayong...
by Teuvo Tuomi | Jul 19, 2024 | ASEAN, Business, Education, News, Philippines, Vietnam
The Philippines will hit its growth target this year amid easing inflation and expectations of interest rate cuts, according to the latest outlook of the Asian Development Bank (ADB). “Asian Development Outlook” expects the country’s gross domestic product (GDP)...
by Teuvo Tuomi | Jul 18, 2024 | ASEAN, Business, Economy, Indonesia, News, Tourism, Travel
Bank Indonesia (BI) says that the Quick Response Code Indonesian Standard (QRIS) digital payment system will be made available in more countries. According to Deputy Governor Filianingsih Hendarta, the central bank will sign agreements for the cross-border use of QRIS...
by Teuvo Tuomi | Jul 18, 2024 | ASEAN, Laos, News, Southeast Asia, Tourism, Travel, Vietnam
Laotian Ministry of Public Works and Transportation and VietJet Airline will enhance air transportation between Laos and Vietnam. The collaboration is expected to create up to 2,500 new jobs in the aviation sector. VietJet is set to collaborate with the Department of...
by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
