Central bank of iceland

Chart showing growth in Southeast Asia. ICEAW predicts that economic growth across the region will slow from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020. — Photo Courtesy ICEAW Viet Nam is an exception which has benefited from some trade diversion effects caused by the trade war, according to the Institute of Chartered Accountants in England and Wales’ latest Economic Update: South-East Asia report. Nonetheless, ICAEW added, momentum in Viet Nam was expected to ease to 6.6 per cent in 2020 from 7 per cent in 2019, given weaker Chinese import demand and increased trade protectionism. Export-oriented economies had been the most impacted by the ongoing trade tensions, with Singapore only narrowly avoiding a technical recession in the third quarter. Economic growth across the region was expected to slow from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020 amid high risks of a re-escalation in trade tensions. Regional … [Read more...] about Southeast Asia GDP growth hit by trade war: report

  Tourists are seen at the Đà Nẵng International Airport. Three newest daily direct flights will be operating in the city this December. VNS Photo Công Thành  ĐÀ NẴNG — New daily regular air routes connecting Đà Nẵng City with Taiwan, Hong Kong and Singapore start from December 12, offering more options for local and foreign tourists as well as businessmen travelling in the New Year. The city’s tourism department said at a meeting last week the new daily air routes would promote tourism, investment and trade among cities in the region and the central city will be a favourite destination in the future. Representative of the budget airline, VietJet, in central region, Trần Hoàng Linh said it will launch two daily direct routes from Đà Nẵng to Hong Kong and Singapore in December. He said Vietjet, which are operating eight regular flights from Đà Nẵng to other … [Read more...] about Central city to see more three new direct flights

The truck, driven by 32-year-old man Vo Duy Do, was heading south from the province's capital Tuy Hoa when it hit two motorbikes and one electric bike, said Vo Dinh Tien, chairman of Dong Hoa District, where the accident happened. One motorbike was dragged by the truck for several meters and badly crushed. The accident killed Nguyen Thi Bao Linh, 40, and her 5-year-old daughter in one motorbike, a 5-year-old boy on the other motorbike, and a 14-year-old girl who was on the electric bike, Tien said. Three family members of the boy are still undergoing treatment. Investigation found Do was driving under the influence of alcohol, and he did not have a driver's license. He has been held for investigation. Road accidents are a leading cause of death in Vietnam. In the first 11 months this year, traffic accidents killed 6,975 people and injured 12,144 others, according to the National Traffic Safety Committee. … [Read more...] about Pickup truck slams bikes, kills four in central Vietnam

A 350m-long section of an embankment on the western coast in the southernmost province’s Tran Van Thoi District was eroded following heavy rains, strong winds, waves and high tides over the last few days, said To Quoc Nam, deputy chief of the province's Department of Agriculture and Rural Development. The rains and winds also caused 91 houses in Ca Mau to collapse and damaged 470 others. High tides last Saturday also flooded over 1,800 houses and total property damage is estimated at over VND28 billion ($1.2 million). "The eroded section has been repaired, securing the lives and properties for tens of thousands of families," Nam said, adding that about 100 people have been deployed to monitor the bank round the clock. Ca Mau Chairman Nguyen Tien Hai said they were worried about further damage if the weather doesn’t improve in the coming days, as over two kilometers of the embankment was still vulnerable to erosion and collapse. The western coast embankment in Ca Mau … [Read more...] about Mekong Delta province issues emergency warning over coastal erosion

The Tops Market supermarket chain, which has 10 outlets in Bangkok, imports about 500 items from Vietnam, with instant pho and coffee the best selling goods. "Our imports from Vietnam rise about 10 percent a year. Pho has a similar flavor to Thai traditional noodles therefore it is easily accepted. Vietnamese dragon fruits are sweeter than that of Thailand and thus sell well," Pimjai Navanukroh, director of the chain, said at a recent event. A Tops Market outlet in Huai Khwang District to the east of central Bangkok sells 100-200 Vietnamese instant noodles packs and 50 kilograms of Vietnamese dragon fruits a day. "I usually buy Vietnamese foods, especially coffee because of its distinct flavor and reasonable price," said Pumipat Chaisom, a customer at the supermarket. Vietnamese Deputy Minister of Industry and Trade Do Thang Hai said that the export of agriculture and food products to Thailand has seen positive growth in recent years despite strong competition from domestic … [Read more...] about Customers’ preference helps Vietnamese foods foray deeper into Thai market