by Teuvo Tuomi | Jun 3, 2024 | Digitalization, Economy, News, Vietnam
The Vietnamese government has introduced a degree regulating non-cash payments, effective from the beginning of July 2024. The new decree defines e-money as the value of Vietnamese Dong (VND) stored digitally, based on the amount of money prepaid by customers to...
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...
by Teuvo Tuomi | Jun 2, 2024 | Economy, Energy, Food & Drinks, Inflation, News, Philippines
Inflation in the Philippines may have exceeded the government’s target in May, the Bangko Sentral ng Pilipinas (BSP) reports. The BSP estimates last month’s inflation rate to have settled between 3.7-4.5% compared to 3.8% in April. The price increases have been...
by Teuvo Tuomi | Jun 1, 2024 | ASEAN, Economy, News, Southeast Asia, Thailand, Trade
The Thai cabinet has approved the country’s bid to join the BRICS group. This would make it the first Southeast Asian country to join the bloc. Currently, the BRICS has ten members, including Brazil, Russia, India, China, and South Africa. BRICS expansion is...
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...
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...
