Cambodia , with economic growth forecast at 7.2 percent in 2014, will be one of the countries recording the highest growth in Southeast Asia , according to the World Bank (WB).
Cambodia , with economic growth forecast at 7.2 percent in 2014, will beone of the countries recording the highest growth in Southeast Asia ,according to the World Bank (WB).
Cambodia ’s economy isexpected to grow by 7.2 percent this year, 0.2 percent higher than theprevious prediction, the same as Laos ’ level, the institution saidin its latest Economic Update report.
Myanmar is forecast togrowth 7.6 percent, followed by the Philippines with 6.6 percent;Vietnam , 5.5 percent; Indonesia , 5.3 percent; Malaysia , 4.9percent; and Thailand , 3 percent.
The WB adjusted Cambodia’s economic growth based on “continued global economic recovery, thereturn of stability to the domestic economic environment and renewedconfidence over the rest of the year."
It also maintains its growth forecast for the country at 7 percent for the next two years.
Earlier, the Asian Development Bank (ADB) gave its prediction of 7 percent in 2014 and 7.3 percent in 2015 for Cambodia .
Accordingto the WB’s report, the developing East Asia and Pacific (EAP)region’s economy is lowered to 7.1 percent in 2014 and 2015, down by 0.1percent it had previously forecast for the period.
However, itsaid the region was likely to see steady growth in the next couple ofyears, helped by a pick-up in global growth and trade.-VNA
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
