Experts from various economic research institutes believe the country’s partner status could have repercussions on trade and int’l relations
The local economy wrapped up 2024 on a positive note but it may be heading for a rough patch, with trade tensions and geopolitical conflicts heightening uncertainty over growth, inflation and interest rates, say analysts.
In 2024, Vietnam’s coal imports reached a record high in over a decade, with imports from key markets surging significantly. Notably, imports from Malaysia increased by 114 times compared to 2023.
Viet Nam’s trade with other ASEAN Member States hit over US$76.3 billion over the last 11 months of 2024, up 13.9 percent compared to the same period last year, only behind China, the U.S. and South Korea
Asian Development Bank’s report puts the country’s GDP growth in 2024 at just 2.6 per cent, considerably lower than for the region as a whole
The G7 nations of Japan and Canada are on track to be Cambodia’s fifth and sixth largest trading partners respectively in 2024, according to recent data released by the General Department of Customs and Excise (GDCE). The exchanges between the two countries and the Kingdom recorded in 2024 have indicated significant growth compared to 2023 trade figures.
Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on January 1, marking an increase of 1% compared to the previous rate.
Singapore’s economy grew faster than expected in 2024, surpassing earlier projections, despite a slowdown in the fourth quarter (Q4), according to the country’s preliminary government data.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
