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Vietnam Looking for 75% GDP Increase by 2030

Vietnam Looking for 75% GDP Increase by 2030

by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam

The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
Marcos Bans Offshore Gaming Operators

Marcos Bans Offshore Gaming Operators

by Teuvo Tuomi | Jul 23, 2024 | ASEAN, Business, Crime, Entertainment, Lifestyle, News, Philippines, Southeast Asia

Philippine offshore gaming operators (POGOs) are officially banned in the Philippines, according to President Ferdinand “Bongbong” Marcos Jr. He has instructed the Philippine Amusement and Gaming Corporation to wind down and cease the operations of POGOs by the end of...
RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

by Teuvo Tuomi | Jul 22, 2024 | ASEAN, Business, Cambodia, Investment, News, Southeast Asia, Trade, Visions

The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s (NBC) Governor Chea Serey...
E-Commerce in Vietnam and Thailand Grows Fastest in SEA

E-Commerce in Vietnam and Thailand Grows Fastest in SEA

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...
Rayong Developers Reduce Residential Supply

Rayong Developers Reduce Residential Supply

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...
Lassi Noponen Appointed as Director General of Business Finland

Lassi Noponen Appointed as Director General of Business Finland

by Teuvo Tuomi | Jul 20, 2024 | News, Business, Economy, Finland, Innovation, Trade, Visions

Master of Laws, Master of Science Lassi Noponen has been appointed Director General of the Innovation Funding Agency Business Finland. His five-year term will start on 1 September 2024. Noponen has made a long career in corporate management and responsibility tasks....
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