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Vietnam’s economy enjoys V-shaped recovery: Singapore paper

Vietnam and Singapore boast faster-than-expected “V” recovery compared to the rest of the ASEAN region, Singapore’s website propertyguru.com.sg cited a report by Maybank Kim Eng – the largest bank of Malaysia.
Vietnam’s economy enjoys V-shaped recovery: Singapore paper ảnh 1An auto production line of VinFast in Hai Phong (Photo: VNA)

Hanoi (VNA) –🍒 Vietnam andSingapore boast faster-than-expected “V” recovery compared to the rest of the ASEANregion, Singapore’s website propertyguru.com.sg cited a report by Maybank KimEng – the largest bank of Malaysia.

Maybank’s economists attributed the “V”recovery of the countries to generous government subsidies, low-interest rates,high household savings rate and work-from-home policies. They noted that the only ASEAN-6 economythat escaped recession is Vietnam, as the country’s manufacturing purchasingmanagers’ index has risen significantly quicker and stronger than its ASEANneighbours. Exports and retail sales saw a briefcontraction, and have since normalised. The strong pick-up in domestic businessand transport activities resulted in a “V” recovery in freight transport. Meanwhile,Singapore’s economy is driven by surges in property transactions and semiconductorproduction and exports./.
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Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

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.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

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.
Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

𒁃 Thailand engages USTR on five-point trade proposal

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.
(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

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.
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