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
Lucky birthdays 2019
Nestlé’s priorities cover the fields bringing business benefits that match with social benefits, including nutrition, focusing on children; helping to constitute prosperous communities; sustainable development in rural areas; and management of natural resources for future generations. … [Read more...] about Nestlé Vietnam honoured with Certificate of Merit from Vietnamese prime minister
The association explained that the negative impacts of the pandemic led to frequent delays in the time needed to transport the commodity from Western Africa to Vietnam. Moreover, the demand for cashew imports of local firms remained lower than in previous years, thus sending cashew imports down. … [Read more...] about Vinacas targets cashew exports of US$3.2 billion
State-owned economic groups had registered 114 outward investment projects as of the end of 2019 with registered capital of $13.8 billion, according to the MInistry of Public Investment. The total investment capital transferred abroad reached $3.8 billion and the profit $270 million. … [Read more...] about How are SOEs’ outward investment projects performing?
According to FIFA, since the defender first received an international call-up, he has made rapid progress by securing a regular place in the senior side. Most notably, he has gone on to play a key role at the back with the nation remaining unbeaten in the ongoing second Asian qualifying round for the 2022 World Cup in Qatar. … [Read more...] about Doan Van Hau cherishes World Cup dream in FIFA interview