Private screening of Taj Mahal: An Eternal Love Story to be held in Indonesia
An international publicity campaign for Akbar Khan’s ‘Taj Mahal: An Eternal Love Story’ has been crafted for its first overseas release, introduced one country at...
Southeast Asia
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IMF projects Vietnam’s economic growth at 6.1% for 2024
The IMF's report highlights several key factors contributing to this growth. Vietnam's competitive labor costs, strategic geographic location, and commitment to reforming its economic policies make it an attractive destination for international businesses. The country has successfully positioned itself as a manufacturing hub, particularly in electronics and textiles, benefiting from shifting supply chains as companies seek alternatives to China.
Trade offices essential in safeguarding Vietnamese exports
In recent years, Vietnam has emerged as a significant player in global trade, benefiting from competitive labor and production costs. However, the number of trade defense cases against Vietnamese exports has surged, with 39 cases recorded in 2020 alone, compared to only 50 cases from 2001 to 2011. Since 2001, a total of 257 cases have been documented, including 141 anti-dumping investigations, 37 anti-circumvention cases, and 27 anti-subsidy investigations.
Vietnam’s Pangasius fish maws find favor in China
The rising popularity of value-added pangasius products, such as dried fish maws and fish skin snacks, is a response to growing demand from consumers. Currently, 12 Vietnamese companies supply these products to the Chinese market, where fish maw is not only regarded as a delicacy but also as a symbol of prosperity and success. VASEP notes that the product is often gifted during important events in China.
Vietnam’s innovation day: a catalyst for economic growth
Vietnam's innovation landscape has expanded impressively, with around 4,000 start-ups, 208 investment funds, and numerous incubators and creative centers. The country ranks 56th globally in the start-up ecosystem and 44th in the Global Innovation Index for 2024. These achievements reflect a growing recognition of innovation’s impact on national development.
DNeX and Google cloud collaborate for sovereign cloud services in Malaysia
Under this agreement, DNeX will leverage Google Cloud’s robust technology to provide cloud solutions tailored specifically for Malaysian businesses and government agencies.
KKR-backed OMS to reassess IPO plans in Malaysia
OMS has been a key player in Malaysia’s telecommunications sector, providing critical infrastructure to support the growing demand for mobile and internet services. The company’s strategic partnerships and investments have positioned it well in a rapidly evolving industry.
Singapore hotels see performance dip amid declining tourist arrivals
Industry experts have noted that the decline in occupancy rates underscores the need for hotels to enhance their offerings and adapt to evolving consumer preferences. This may include focusing on unique experiences, promoting local attractions, and improving customer service to attract both domestic and international travelers.
Singapore’s growth target: SM Lee projects 2% to 3% annual growth
During a recent address, SM Lee emphasized the importance of maintaining stable growth as Singapore navigates post-pandemic recovery and geopolitical tensions. While the country has demonstrated resilience, the potential for economic headwinds requires a strategic approach to ensure continued progress.
CIMB group shares decline to RM8.05 in Malaysia
The drop in CIMB's share price comes amid a challenging economic environment, characterized by rising interest rates and inflationary pressures that have affected investor sentiment. Analysts note that the financial sector is facing headwinds, including increased competition and potential loan defaults, which could impact profitability.
Ringgit set for record quarter amid improved trade outlook
Analysts attribute the ringgit's strong performance to several factors, including a rebound in key sectors such as commodities and manufacturing. Malaysia's robust export growth, particularly in palm oil and electronics, has contributed significantly to the ringgit's appreciation. Additionally, a recovery in demand from major trading partners has further supported the currency's upward trajectory.
Defence claims no red flags in Najib’s 1MDB case
During court proceedings, the defence presented evidence suggesting that Najib's financial activities were conducted through legitimate channels and did not raise suspicions at the time. Legal representatives argued that transactions involving Najib's personal accounts were routine and adhered to banking regulations.
Vietnam’s economic recovery gains momentum amid challenges
The manufacturing sector is rebounding strongly, showing resilience after last year’s difficulties. Purchasing Managers' Index (PMI) data reveals five consecutive months of expansion, with industrial production notably improving in textiles and footwear. This resurgence has led to double-digit export growth, driven by broader market access for Vietnamese agricultural products.
State Bank of Vietnam takes action to stabilize gold market
The SBV has also organized auctions of gold bars and directly sold gold to four state-owned commercial banks and SJC to meet rising demand from consumers. By coordinating with various ministries and local governments, the SBV aims to maintain public order and ensure the effectiveness of its intervention measures.
Vietnamese firms poised to benefit from global rubber supply shortage
This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.
Experts Emphasize 5G’s Role in Vietnam’s Digital Economy
Lê Trọng Minh, Editor-in-Chief of the Investment Newspaper, highlighted that developing digital platforms is vital for accelerating digital transformation, reducing costs, and enhancing efficiency. This aligns with Vietnam’s National Digital Transformation Programme, which seeks to leverage technology for economic growth.
Vietnam emerges as a top choice for Russian travelers
Yandex’s data shows that Vietnam ranked as the most searched Asian country by Russian users, following China and Thailand. The report indicates a 57% increase in search queries from Russia and a 48% rise from other countries within the CIS region, signaling a strong desire to explore Việt Nam's diverse attractions.