by Teuvo Tuomi | Jan 26, 2025 | Business, ASEAN, Asia, Economy, News, Vietnam
Vietnam is forecast to achieve a growth rate of 6.5% in 2025, maintaining its position among the fastest-growing economies in the ASEAN+3 region, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s report. This projection is lower than the country’s...
by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam
The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
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...
by Teuvo Tuomi | Apr 4, 2023 | Asia, Business, Economy, News
According to Asian Development Bank (ADB), growth in developing Asia will be 4.8% this year and the next. This is up from 4.2% in 2022. The People’s Republic of China’s (PRC) recovery and healthy domestic demand in India will be the region’s main growth...
