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Vietnam’s Growth Remains Strong Despite Yagi

Vietnam’s Growth Remains Strong Despite Yagi

by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Business, Economy, News

Vietnam’s gross domestic product (GDP) increased by 7.4% during the 3rd quarter of this year despite damage caused by Typhoon Yagi, the General Statistics Office (GSO) reports. The industry, construction, and service sectors remain strong, with a growth rate of 9.1%...
Retail Sales in Singapore Remain Soft

Retail Sales in Singapore Remain Soft

by Teuvo Tuomi | Oct 5, 2024 | Business, Economy, News, Retailing, Singapore

Retail sales in Singapore rose by 0.6% in August from the same month a year ago, according to Department of Statistics data. This was higher than the 0.2% increase forecast by analysts in a Bloomberg poll. However, excluding motor vehicle sales, August’s retail...
PYN Bullish on Vietnamese Banks

PYN Bullish on Vietnamese Banks

by Teuvo Tuomi | Oct 2, 2024 | Business, Finland, Investment, News, Vietnam

Finnish fund PYN Elite is heavily betting on Vietnamese banking stocks. The PYN Elite’s allocation to Vietnamese banks represents a strategic investment as local banks tend to have sector-specific rallies in cycles of a few years, the fund says. At the end of...
Rate Cut Could Help Thai Economy: TDRI

Rate Cut Could Help Thai Economy: TDRI

by Teuvo Tuomi | Sep 28, 2024 | Business, Banking, Economy, News, Thailand

Dr. Kirida Bhaopichitr from the Thailand Development Research Institute (TDRI) says that a policy rate cut by the end of this year could help to stimulate the Thai economy, which has not performed well this year. “As economic growth in Thailand is not picking up, a...
Thailand Falls in Ease of Doing Business Ranking

Thailand Falls in Ease of Doing Business Ranking

by Teuvo Tuomi | Sep 27, 2024 | ASEAN, Business, News, Thailand

Thailand fell three places from 2022 to 12th among Asia-Pacific nations in terms of ease of doing business, according to a survey by the Asia Securities Industry and Financial Markets Association (ASIFMA). Among the 13 economies ranked last year, Singapore was the...
SpaceX Aims to Invest 5 Billion USD for Starlink in Vietnam

SpaceX Aims to Invest 5 Billion USD for Starlink in Vietnam

by Teuvo Tuomi | Sep 26, 2024 | Business, Digitalization, Innovation, Investment, Technology, Vietnam

SpaceX is proposing to invest 5 USD billion in Vietnam for the company’s Starlink satellite service soon, the Southeast Asian country’s government says. The statement came after a meeting in New York between Vietnamese President To Lam and Tim Hughes,...
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