Monthly Archives: July 2023

Remittances to Ho Chi Minh in the first half of 2023 topped $4.33 billion, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s HCMC branch reported. The amount of remittances from Asia and Africa has grown significantly over the same period last year, in which the money sent […]

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The Asian Development Bank (ADB) has lowered its GDP growth forecast for Vietnam from 6.5% to 5.8% this year due to persistent economic challenges in the Southeast Asian nation. Vietnam’s industrial and manufacturing sectors continue to face pressure from weak external demand, the bank said in a report. It also lowered the country’s 2024 growth […]

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Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said. Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia […]

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