Economy

Bilateral security-defence collaboration is also thriving as the two nations share their common concern about terrorism, cyber security and issues in the East Sea. Vietnam pledges to strongly support Australia in its relations with ASEAN as well as its active role in Asia-Pacific, he said. … [Read more...] about Australia among Vietnam’s key partners: Ambassador

Hanoi (VNA) – Indonesia’s Jakarta administration has decided to extend the closure of tourist destinations and entertainment venues until April 19 as part of the capital’s effort to contain the spread of COVID-19. Head of the Jakarta Tourism and Creative Economy Agency Cucu Ahmad Kurnia said previously, the Jakarta administration announced the temporary closure of city-owned tourist destinations and entertainment venues from March 23 to April 5. The Indonesian government has outlined a worst-case scenario where the domestic economy contracts by 0.4 percent as the COVID-19 pandemic arrests swaths of economic activity and poses recessionary risks to Southeast Asia’s largest economy, said Finance Minister Sri Mulyani Indrawati. Indonesia’s economy grew by 5.02 percent last year, already the slowest in four years. The World Bank has estimated that the COVID-19 pandemic will significantly slow Indonesia’s economic growth this year – 2.1 percent … [Read more...] about Indonesia extends closure of tourist destinations to contain COVID-19 spread

FPT CEO Truong Gia Binh noted FPT is proud to become the member of Japan’s largest comprehensive economic organization. A pioneer in digital technology transformation, FPT will make strides in attracting Japanese investment to Vietnam and bridge the Vietnam-Japan business communities, contributing to strengthening solidarity and friendship between the two nations.    … [Read more...] about FPT joins Keidanren, vows to boost Vietnam-Japan business links

It comes after some studies suggested the new coronavirus can be spread through speaking and breathing, not just coughing and sneezing. US authorities said wearing a simple homemade mask or scarf could help stem rocketing infection rates. … [Read more...] about Global virus deaths top 60,000, Trump warns of ‘tough week’ ahead

Bangkok (VNA) – Thailand’s new economic package to mitigate the impact of the COVID-19 pandemic will be worth about 10 percent of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak has said. Deputy PM Somkid stated that the package will cover all economic sectors for at least the next six months. If possible, final approval will be sought from the cabinet on April 7, he added. He did not give a specific value for the package, but the GDP of Southeast Asia’s second-largest economy last year was 16.88 trillion baht (512.76 billion USD). The measures will be partly financed by the fiscal budget and borrowing, he said. The latest package follows last month’s two sets of stimulus measures together worth more than 500 billion baht. The Bank of Thailand (BOT) expects the country’s economy to contract 5.3 percent this year, the worst since the 1998 Asian financial crisis./. … [Read more...] about COVID-19: Thailand’s new economic package to be worth 10 percent of GDP