The Japanese race is a long-standing fixture on the MotoGP circuit AFP/Toshifumi KITAMURA The scrapping of the Oct 16-18 race in Motegi follows the axing of the Australian MotoGP, which was due to be held a week later. … [Read more...] about Japan race cancelled over coronavirus as MotoGP looks to Europe
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Singapore (VNA) – A gradual U-shaped recovery is expected for the ASEAN+3 region, which includes ten ASEAN member states, China, Japan and the Republic of Korea, according to an updated forecast by ASEAN+3 Macroeconomic Research Office (AMRO). Regional growth is expected to slow sharply this year to zero percent, from 4.8 percent in 2019, before rebounding strongly to 6.0 percent in 2021, AMRO said in a statement. Nine of the 14 ASEAN+3 members are expected to contract this year, while economies projected to record positive growth rates are China and smaller ASEAN economies – Brunei, Laos, Myanmar and Vietnam. Strict containment measures to prevent the coronavirus from spreading have caused economies to come to a standstill, leading to massive increases in unemployment, disruptions to businesses, and widespread collapse in domestic demand. Additionally, bans on international travel have decimated the region's all-important tourism sector. AMRO said the resurgence in … [Read more...] about U-shaped recovery expected in ASEAN+3: AMRO
The index in July went against the year’s trend by recording a monthly increase of 8.6%, including manufacturing and processing which rose by 9% and electricity production and distribution with an increase of 3.9%. Despite these positive figures, four key industries suffered a fall of 0.9% over the seven-month period, but rose by more than 4.6 percentage points from the IIP, including electronics, chemicals, and pharmaceuticals. … [Read more...] about Industrial production in HCM City endures fall over seven-month period
Viettel among investors of new high-speed under-sea cable ADC The telecom giant Viettel on June 19 announced it is among the members of a consortium developing a high-performance under-sea cable connecting Vietnam, China, Japan, the Philippines, Singapore and Thailand. … [Read more...] about How are SOEs’ outward investment projects performing?
Through drastic and prompt measures, as well as support for workers affected by the pandemic in an effort to leave no one behind, authorities ensured the public’s confidence in the government’s response and belief that it is being protected. Therefore, the crisis also bears witness to the unity of the entire nation, he added. … [Read more...] about Vietnam’s pandemic response predicts strong bounce back