Economy

The strength of the rebound in economic activity over the coming quarters in South-East Asia remains uncertain, particularly in the fourth quarter of 2020, after the expected initial strong bounce in global trade and domestic activity post-lockdowns has faded. Additionally, varying success rates in containing the Covid-19 outbreak, and differing lockdown exit strategies will widen the disparities in economic growth in the region. Economies which have convincingly contained the outbreak such as Thailand and Vietnam will see a stronger recovery than Indonesia and the Philippines, which are battling new waves of Covid-19 outbreak after restrictions were prematurely relaxed. … [Read more...] about ICAEW: Vietnam is expected to be the only South-East Asian economy to record positive growth this year

Activities at the walking space in the Old Quarter and at the cultural, service, trading and tourist space of Phung Hung-Gam Cau streets will take place at the same time as those at the walking space around Hoan Kiem Lake and neighboring areas. Currently, the Hoan Kiem walking space is open from 7 p.m. on Fridays till midnight on Sundays. … [Read more...] about Hoan Kiem Dis. to focus on development of night-time economy

Furthermore, Ms. Mai said that 26, 500 enterprises in HCMC have registered to set up their business with total capital of VND562 trillion while 21,300 other business establishments ceased their operation. Due to the resulting travel restrictions during the coronavirus pandemic, the city’s tourism industry was significantly impacted; therefore, tourism revenue in August and in eight months were around VND7 trillion and VND47.4 trillion , a drop of 43 percent and 48 percent respectively. … [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