by Teuvo Tuomi | Oct 21, 2024 | News, Economy, Vietnam
Vietnam’s economy is expected to be worth US$500 billion next year, ranking the 4th largest in Southeast Asia, Prime Minister Pham Minh Chinh says. Vietnam grew from $346 billion in 2020 to $433 billion last year. And this year, the GDP is set to expand by 7%,...
by Teuvo Tuomi | Oct 20, 2024 | Economy, Indonesia, News, Reports
Indonesia’s National Development Planning Agency (Bappenas) has drawn up two scenarios to achieve president-elect Prabowo Subianto’s plan to reach 8% GDP growth. The 2025-2029 National Medium-Term Development Plan (RPJMN) envisions reaching a growth rate of 5.7%...
by juuso | Oct 18, 2024 | Vietnam, Business, Economy, EU, Hanoi, Ho Chi Minh, News
[Vietnam, 8 October 2024] The European Chamber of Commerce in Vietnam (EuroCham Vietnam) has released its Q3 2024 Business Confidence Index (BCI) report, reflecting a positive trend in business sentiment despite the economic challenges posed by Typhoon Yagi and...
by Teuvo Tuomi | Oct 18, 2024 | Cambodia, Business, Economy, News, Retailing
According to CBRE Cambodia, at the end of Q3, total retail space in Phnom Penh stood at nearly 770,000 sqm, while the average occupancy rate for the quarter stood at 58.3%, a slight decline compared to Q2’s 58.7%. The slump has continued since 2019. During the...
by Teuvo Tuomi | Oct 14, 2024 | Asia, Business, Economy, Investment, News
Asia’s high-net worth (HNW) market will reach 10-20% growth in the next 2-5 years, higher than before the pandemic, insurers and brokers in Singapore and Hong Kong predict. Swiss Re reports that the optimism stems from the belief that emerging Asia will outperform...
by Teuvo Tuomi | Oct 12, 2024 | China, Business, Economy, News, Reports
China says it will “significantly increase” government debt to offer subsidies and to revive economic growth. Finance Minister Lan Foan says there will be more “counter-cyclical measures” this year. China faces deflationary pressures due to a...
