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

The scheme will be executed in two phases. Between September 2020 and August 31 next year, the district will mainly develop a cultural and economic space to promote the night-time economy. From September 1, 2021, it will develop nightlife activities across all fields. … [Read more...] about Hoan Kiem Dis. to focus on development of night-time economy

Electronic product and component sector saw the high growth rate of 18 percent thanks to stable consumer market while chemical-rubber-plastics rose by 9 percent and the food, beverage processing sector hiked by 1.5 percent whereas the mechanical sector was down 10.5 percent because their foreign partners have been affected by Covid-19, so they stopped orders. … [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

The list of 100 figures that changed the Asian economy covers 10 categories: consumer tech, energy, enterprise tech, finance, healthcare, investing, manufacturing, media and advertising, retail and supply chain. Ten people were selected under each category, including executives from global companies, startup founders, product and technology strategists, and industry activists. … [Read more...] about Vietjet CEO an Asian economy transformer: Business Insider