by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Economy, Ho Chi Minh, Infrastructure, News
In Ho Chi Minh City, 1,915 apartments were sold in the primary market in the third quarter, down 16% from the second, according to property consultancy Savills Vietnam. The absorption rate was 39% in the third quarter, a 2%-point decrease from the second. Mid-priced...
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%...
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...
by Teuvo Tuomi | Oct 5, 2024 | ASEAN, Asia, Economy, News, Reports
This year’s growth forecast for the ASEAN plus three economies – including also China and Hong Kong, Japan and South Korea – has weakened from 4.4% to 4.2%, according to the Asean+3 Macroeconomic Research Office (Amro). Amro has revised its 2024 growth expectations...
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...
by Teuvo Tuomi | Sep 26, 2024 | China, Banking, Business, Economy, Investment, News
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the economy. The move is part of broad stimulus measures Beijing introduced this week to boost China’s...
