Economy

“The road to recovery for economies in South-East Asia will be a long one, with existing US-China tensions, a long-term slowdown in global trade activity, and a prolonged Covid-19 pandemic weighing on the region’s growth prospects,” said Mark Billington, ICAEW Regional Director, Greater China and South-East Asia. “While each region’s economy has suffered due to the crisis, the unique economic structures mean the crisis has played out in different ways. Ultimately, countries that can strike a balance between resuming economic activity and keeping the outbreak under control will see their economies bounce back faster than the rest.” … [Read more...] about ICAEW: Vietnam is expected to be the only South-East Asian economy to record positive growth this year

People stroll along the walking space around the Hoan Kiem lake in Hanoi. Hoan Kiem District will not limit the opening hours of entertainment and catering services in order to develop the night-time economy – PHOTO: VNA HCMC – Hanoi’s Hoan Kiem District will not limit the opening hours of entertainment and catering services in order to stimulate the growth of the night-time economy. … [Read more...] about Hoan Kiem Dis. to focus on development of night-time economy

Though the coronavirus pandemic affected the country and the world, its total export revenue in eight months is around US$28.4 billion, mostly exports of vegetables, computer set, and electronic parts. The city’s Index of Industrial Production data or IIP in eight months climbed by 2 percent while four key industries reportedly hiked by 2.5 percent, said Ms. Huynh Mai. … [Read more...] about City’s economy may grow faster in fourth quarter: Chairman

Hau Giang (VNA) - Authorities in the Mekong Delta province of Hau Giang held a working session via Skype on September 10 with the THD Vietnam Project Development JSC and Dutch businesses regarding a local circular economy project covering high-tech organic farming and processing and renewable energy. The project consists of the AGINE complex for cow farming, rice and rice husk processing, and renewable energy, in Chau Thanh A district’s Nhon Nghia A commune, and the GREENDEVI complex with milch cow farming, feed processing and renewable energy facilities, in Phung Hiep district’s Tan Phuoc Hung commune. Costing about 210 million USD, the AGINE complex spans 30 ha, while GREENDEVI will cost 420 million USD and covers an area of 63.5 ha.  Highlighting the suitability of the circular economy model with the province’s conditions, Truong Canh Tuyen, Vice Chairman of the provincial People’s Committee, said authorities will soon issue a policy on helping THD … [Read more...] about Hau Giang facilitates development of circular economy

Vietjet targets a pre-tax profit of VND100 billion ($4.3 million) for 2020, a drop of 98 percent from last year, due to coronavirus impacts. The airline has also lowered its revenue target for the year by 29 percent to VND36 trillion ($1.54 billion), it said in a statement. … [Read more...] about Vietjet CEO an Asian economy transformer: Business Insider