The Southeast Asian region is likely to record an economic growth rate of 4.8 percent this year and 4.9 percent in 2020, according to the Asian Development Bank (ADB).
Buildings under construction in Manila, the Philippines (Photo: AFP/VNA)
Hanoi (VNA) – The Southeast Asian region is likely to record an economicgrowth rate of 4.8 percent this year and 4.9 percent in 2020, according to theAsian Development Bank (ADB).
Theforecasts in the Asian Development Outlook Supplement, unveiled on July 18,were revised up compared to the April report, which predicted the respectivefigures at 4.9 percent and 5 percent.
TheADB’s growth projections for Vietnam remain at 6.8 percent for 2019 and 6.7percent for 2020, in line with the forecasts made in April.
Thebank expects the economic growth rate of Indonesia at 5.2 percent in 2019 and5.3 percent in 2020, and Malaysia 4.5 percent and 4.7 percent, also unchangedfrom the previous forecasts.
Meanwhile,Thailand’s economy will expand by 3.5 percent this year and 3.6 percent nextyear, down from the previous predictions of 3.9 percent and 3.7 percent.
Thegrowth projections for Singapore were also revised down to 2.4 percent and 2.5percent from the previous 2.6-percent forecast for both years.
Theforecast for the Philippines was downgraded from 6.4 percent to 6.2 percent for2019, though maintained at 6.4 percent for 2020, according to the ADB.-VNA
Economic growth in Laos is expected to remain stable in 2019 and 2020 – backed by the expansion of the agriculture, energy, industry, and service sectors – according to the Vientiane Times’ quoting of the latest report of the Asian Development Bank (ADB) on April 4.
Southeast Asian governments, the Asian Development Bank (ADB) and major development financiers on April 4 launched a new initiative to invest more than 1 billion USD in green infrastructure projects across Southeast Asia.
Thailand's e-commerce market value is expected to surge to 13 billion USD by 2025 from 3 billion USD in 2018 on the back of strong global demand for Thai products.
Private home prices in Singapore bounced to a five-year high in the second quarter of this year, reported the Urban Redevelopment Agency (URA) on July 1.
The Asian Development Bank (ADB) retained its growth projections for Vietnam at 6.8 percent for 2019 and 6.7 percent for 2020 in a report released on July 18.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Buildings under construction in Manila, the Philippines (Photo: AFP/VNA) 
