The economic growth of ASEAN has been one of the most dynamic and the fastest in the world. ASEAN is one of the most preferred investment destinations in the world, and the region’s economy is expected to grow at over 5 per cent, per year to become the fourth-largest economy in the world by 2030. Yet, such economic growth prospects could be affected by the COVID-19 pandemic which has caused unprecedented shocks to industries and sectors across the global economy.
A conference on the importance of the fourth industrial revolution in stimulating growth, trade and investment against the backdrop of the shock of the coronavirus and the many challenges facing the region was held yesterday in Ha Noi.
Electricity demand in the Kingdom tumbled between 10 and 12 per cent this year due to Covid-19-induced economic shocks in key sectors – above all in garment manufacturing – a senior Ministry of Mines and Energy official told The Post on Friday.
Morgan Stanley Capital International (MSCI) has suggested the weight of Kuwaiti shares in its frontier markets basket will be curbed gradually to avoid shocks for other markets in the basket.
Public health challenges have thrown Vietnam’s banking system into gyrations, pushing lenders to become more risk averse and brace for a wave of defaults, amidst efforts to cut interest rates from the central bank to offset the economy.
The heavy impacts of the COVID-19 pandemic on the domestic and global economies were requiring firms to reshape their production and business strategies as well as their competition models to increase resilience against external shocks.
The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, Deputy Minister of Industry and Trade Tran Quoc Khanh said at a conference on Monday in Ha Noi.
The coronavirus pandemic has changed consumer shopping behaviour, prompting retailers to embrace online commerce to keep up with new trends.
The recent skyrocketing demand for corporate bonds, fuelled by lowered interest rates and ebb and flow of the economy, has raised questions of high-yield coming with high risks.
The ongoing health crisis has been taking a heavy toll on the Vietnamese economy. Deputy Minister of Planning and Investment Tran Quoc Phuong talked with Ha Nguyen about Vietnam’s need to develop a new economic model of high resilience and swift responses to possible shocks.