Solutions for Vietnam to maintain its current economic growth

Simultaneously, the State Bank of Vietnam has issued a decision which adjusts interest rates, with reductions placed on refinancing interest rate from 6% to 5% annually, in addition to dropping rediscount interest rates from 4% to 3.5% per year. This comes after the Ministry of Finance recently proposed increasing the fiscal support package for deferral […]

Why the global recession could last a long time

When the pandemic emerged, initially in central China, it was viewed as a substantial threat to that economy. Even as China closed itself off, conventional wisdom held that, at worst, large international companies like Apple and General Motors would suffer lost sales to Chinese consumers, while manufacturers elsewhere would struggle to secure parts made in […]

Developing countries brace for bigger blow than 2008 crisis

Coronavirus: Timeline of the global spread of COVID-19 Virus strikes at top as UK locks down On March 23rd Britain becomes the latest country to impose restrictions on personal freedoms, with people only allowed to leave their homes in a limited number of circumstances. Prime Minister Boris Johnson is diagnosed with the viruson March 27, […]

Singapore Plans Record Stimulus as Coronavirus Turns GDP Growth Negative

Heng said his government will be spending money to support workers, at a cost of more than twice what it spent in support during the global financial crisis more than a decade ago. “Unlike the global financial crisis or the Asian financial crisis, where both the causes and solutions were economic and financial in nature,” […]

Japan’s Marubeni to foray into Indian real estate

MUMBAI: Japanese institutional investor Marubeni Corporation has agreed to invest Rs 300 crore in realty developer Wadhwa Group’s nearly 1-million sq ft residential project ‘Atmosphere’ in Mulund suburb of Mumbai. This is Marubeni’s maiden investment in Indian real estate. It said in a statement that it will be investing in the project by subscribing to […]

Global economy could shrink by almost 1% in 2020: UN

“In the worst-case scenario, the global output would contract by 0.9 per cent – instead of growing by 2.5 per cent – in 2020,” it said, adding that the scenario is based on demand-side shocks of different magnitudes to China, Japan, South Korea, the US and the EU, as well as an oil price decline […]

Global powerhouses to back circular economy

“It’s a very good idea for Vietnam to develop its circular economy, and will involve the participation of enterprises. We currently have one production factory and may build another one in the future,” Son said. “Dow Chemical Vietnam has grown by double digits in recent years, and will continue doing the same this year and […]

Coronavirus pandemic could shrink global economy almost 1% in 2020: UN Report

It noted that several automobile companies have announced large-scale production suspensions in Europe and the United States and many firms worldwide especially in the auto, consumer electronics and telecommunications industries “are facing shortages of intermediate components as exports from China contracted at an annual pace of 17.2 per cent in the first two months of […]