by Teuvo Tuomi | May 9, 2023 | Economy, News, Vietnam
Vietnamese lawmakers are urging the central bank to consider cutting policy rates further to support the economy and help it reach its 2023 economic growth target. Vietnam’s growth slowed from 5.92% in late 2022 to 3.32% in the first quarter of 2023, prompting...
by Teuvo Tuomi | May 4, 2023 | Vietnam, Economy, Food & Drinks
The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office (GSO). In the first four months of this year, the index rose by 3.84% year-on-year, mainly due to increases in...
by Teuvo Tuomi | May 1, 2023 | ASEAN, Business, Southeast Asia, Technology, Visions
Southeast Asian small and medium-sized enterprises (SMEs) plan to spend an additional US$130 billion to digitalize their business activities over the next three years, according to a recent white paper by TDCX. This is a substantial increase from US$78 billion on...
by Teuvo Tuomi | Apr 21, 2023 | China, Asia, Economy, News
The Bank of Finland Institute for Emerging Economies (BOFIT) expects China’s GDP growth to reach around 6% this year due to the opening-up of the economy and last year’s low reference basis. Recovery of the real estate sector should also help increase GDP growth next...
by Teuvo Tuomi | Apr 16, 2023 | ASEAN, Economy, Laos, News, Southeast Asia
The International Monetary Fund (IMF) predicts that Laos’ economy will grow by 4% this year and in 2024. This is mainly due to China reopening its borders and removing travel restrictions, according to the IMF’s April economic outlook. “The reopening and growth...
