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Vietnam Among Startup Leaders in Southeast Asia

Vietnam Among Startup Leaders in Southeast Asia

by Teuvo Tuomi | Jun 5, 2024 | News, Business, Innovation, Investment, Technology, Vietnam

According to statistics from the National Agency for Technology Entrepreneurship and Commercialisation Development, Vietnam has currently about 3,800 startups. 11 of these are valued at over US$100 million, and three start-ups are valued at over $1 billion, including...
Vietnam’s Industrial Production Surges

Vietnam’s Industrial Production Surges

by Teuvo Tuomi | Jun 2, 2024 | Economy, Business, Manufacturing, News, Vietnam

Vietnam’s industrial production index (IIP) grew by 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO). The GSO said the IIP in the first five months soared 6.8% year-on-year. The manufacturing and...
China’s Economic Growth Remains Resilient: IMF

China’s Economic Growth Remains Resilient: IMF

by Teuvo Tuomi | May 30, 2024 | China, Business, Economy, News, Reports

China’s economy is expected to achieve a resilient growth of 5% this year, faster than previous projections. However, according to the International Monetary Fund (IMF), the country still needs to scale up property sector support and monetary easing as downside...
Wage Hikes Could Harm SMEs: JFCCT

Wage Hikes Could Harm SMEs: JFCCT

by Teuvo Tuomi | May 29, 2024 | Business, Economy, News, Society, Thailand, Visions

Raising the daily minimum wage to 400 baht is one of the flagship policies of the current Thai government, vowing to deliver this policy by this October. However, several organizations have been worried about the negative impacts of this move. In an interview with...
Vietnam’s Pharmaceutical Industry Facing Slowdown

Vietnam’s Pharmaceutical Industry Facing Slowdown

by Teuvo Tuomi | May 29, 2024 | Economy, Business, Health, News, Vietnam

After record profits in 2023, Vietnam’s pharmaceutical industry is facing limitations in 2024 due to rising raw material costs and increased market competition. SSI Securities Corporation forecasts pharmaceutical profit growth of 8.4% in 2024, lower than the...
Real Estate Keeps Booming in Thailand’s Tourist Spots

Real Estate Keeps Booming in Thailand’s Tourist Spots

by Teuvo Tuomi | May 27, 2024 | Business, Economy, Infrastructure, Investment, News, Thailand, Tourism

In the first quarter of this year, major real estate conglomerates have invested over 56 billion baht into projects in Phuket, Pattaya, and Hua Hin. Prasert Taedullayasatit, president of the Thai Condominium Association, describes the status of the real estate...
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