The International Monetary Fund (IMF) has projected that Cambodia will be the third-fastest growing economy in ASEAN next year and fastest growing economy in the region by 2025.
An ASEAN 2020 startups forum focusing on new opportunities in the digital age was jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the ASEAN Business Advisory Council (ASEAN-BAC) in Hanoi on October 16.
As Thailand weathers the economic impacts of the coronavirus pandemic, the struggles of people around the country to secure their land rights are becoming increasingly crucial. At least a third of the country’s population is employed in agriculture, though many more may depend on land for subsistence farming or harvesting forest products
Indonesia’s Directorate General of Customs & Excise (DJBC) and the China Customs have agreed to exchange electronic data of certificates of origin.
Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.
Indonesia and Japan have launched an e-commerce website in service of storing trade data and better supporting the two countries’ investors.
The International Monetary Fund (IMF) has predicted that Indonesia’s GDP growth may contract by 1.5 percent in 2020 rather than 0.3 percent as it initially forecasted in June this year due to impacts of COVID-19 pandemic.
The COVID-19 pandemic continues to cast a long, dark, and uncertain shadow over the outlook for global growth. Deeply plugged into the global value chain, the ASEAN+3 region, comprising the 10 members of the Association of Southeast Asian Nations plus China, Japan, and Korea, has been severely affected. Currently, the region is projected to record negative growth in 2020, a large fall compared to the average growth of around 5% over the past few years.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
