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E-Commerce in Vietnam and Thailand Grows Fastest in SEA

E-Commerce in Vietnam and Thailand Grows Fastest in SEA

by Teuvo Tuomi | Jul 21, 2024 | ASEAN, Business, Digitalization, News, Southeast Asia, Technology, Thailand, Trade, Vietnam

Vietnam and Thailand are the fastest-growing e-commerce markets in Southeast Asia, according to a new report by OpenGov Asia. The report also highlights Vietnam’s ascent past the Philippines to become the third-largest e-commerce market in the region.Last year, the...
Vietnam and the Philippines Grow Fastest in ASEAN: ADB

Vietnam and the Philippines Grow Fastest in ASEAN: ADB

by Teuvo Tuomi | Jul 19, 2024 | ASEAN, Business, Education, News, Philippines, Vietnam

The Philippines will hit its growth target this year amid easing inflation and expectations of interest rate cuts, according to the latest outlook of the Asian Development Bank (ADB). “Asian Development Outlook” expects the country’s gross domestic product (GDP)...
Laos and Vietjet Increase Collaboration

Laos and Vietjet Increase Collaboration

by Teuvo Tuomi | Jul 18, 2024 | ASEAN, Laos, News, Southeast Asia, Tourism, Travel, Vietnam

Laotian Ministry of Public Works and Transportation and VietJet Airline will enhance air transportation between Laos and Vietnam. The collaboration is expected to create up to 2,500 new jobs in the aviation sector. VietJet is set to collaborate with the Department of...
Vietnam’s Growth Fastest in ASEAN: AMRO

Vietnam’s Growth Fastest in ASEAN: AMRO

by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam

The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
Vietnam Electricity  Reports Record Loss

Vietnam Electricity Reports Record Loss

by Teuvo Tuomi | Jul 14, 2024 | Vietnam, Business, Economy, Energy, News, Sustainability

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) has reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on high electricity production costs, including higher fuel prices and rising foreign exchange rates. In 2023,...
Laos and Vietnam Seek Tighter Cooperation

Laos and Vietnam Seek Tighter Cooperation

by Teuvo Tuomi | Jul 14, 2024 | Business, Investment, Laos, News, Technology, Vietnam

Laos and Vietnam have signed seven pacts on various areas of cooperation, serving to deepen the collaboration between the two nations. The cooperation pacts include a Memorandum of Understanding (MOU) on the establishment of a citizen and ID (identification card)...
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