Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.
Vietnam’s GDP in 2020 reached about US$343 billion, surpassing Singapore (with about US$337.5 billion) to rank fourth in ASEAN and among the top 40 largest economies in the world.
Indonesia is encouraging close cooperation between ASEAN and Italy to bring about sustainable development, particularly to address the impact of the COVID-19 pandemic and benefit from the post-pandemic cooperation potential.
Vietnam is among the top expansion destinations for ASEAN companies looking for growth opportunities in the 10-nation bloc, according to a survey commissioned by Standard Chartered for its “Borderless Business: Intra-ASEAN Corridor” report released on July 8.
Regional tourism players are keeping a close eye on Thailand's so-called "Phuket sandbox" - a testbed for quarantine-free leisure travel that kicked off this month.
Australia has reaffirmed its commitment to strengthening relations with Cambodia in the fight against Covid-19 as the Kingdom will chair ASEAN in 2022.
Thailand's economy faced significant downsize risks and limited policy room should be preserved to be used for the most effective time, the central bank's minutes of its last meeting.
Now is the time for British businesses to look to Southeast Asia and help make the ‘Global Britain’ slogan a reality.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
