Economy

Vietnam would remain the only country with positive growth among five major economies in ASEAN, and its economic expansion would rebound to 6.7 percent in 2021, according to the International Monetary Fund’s October 2020 World Economic Outlook (WEO) Update released on Wednesday. … [Read more...] about Vietnam the only among major ASEAN economies to record positive growth in 2020: IMF

New Delhi: The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled by Reuters.With over 7.6 million coronavirus infections, India is the second worst hit country in the world after the United States and the spread shows no signs of abating.While the government has removed most restrictions imposed on businesses to slow the spread of the virus, the Reserve Bank of India issued gloomy economic forecasts earlier this month but kept interest rates unchanged citing rising inflation.That puts the onus on the government, which last week announced another round of fiscal stimulus to boost demand by $10 billion.But the Oct. 13-21 poll of 55 economists showed they were more pessimistic about this fiscal year's outlook than just two months ago.Nearly 90% of economists, 34 of 39, who responded to an additional question … [Read more...] about Indian economy set for a near double-digit contraction this fiscal

Vinh Phuc, (VNA) – The northern province of Vinh Phuc is working towards the goal of sustainable and effective development of the forestry sector, thus enhancing incomes for stakeholders. protection of natural forests, intensifying the planting of production forest, developing multi-purpose farm forestry, and promoting the use of new kinds of trees with high economic value are among measures that the province is implementing towards the set goal.  … [Read more...] about Vinh Phuc develops sustainable forestry economy

Tax cuts boosted wealthy Tax cuts are another of Trump's proudest achievements. In 2017, the top individual tax rate was cut from 39.6% to 37% until 2025, while corporate taxes were reduced permanently from 35% to 21%. Prakken said the cuts had helped boost the stock market by 5-7% but had also led to a "significant increase in the US budget deficit with potential negative long-run implications for the US standard of living." … [Read more...] about Trump and the US economy: What can he take credit for?

With a total of 21 companies across Vietnam driven by more than 9,600 employees, SCG offers a variety of premium products and services. Available products in cement-building materials include concrete roof, fiber cement board, fiber-cement wood substitute products for floor and ceiling, white cement, ready-mixed concrete under the SCG brand as well as wall and floor ceramic tiles under the Prime and COTTO sanitary ware and fittings and bathroom fixtures. … [Read more...] about SCG Packaging launches first consumer paper product applying circular economy concept