Vietnam is among the most price sensitive markets in Southeast Asia with over 80 percent of shoppers noticing when a product’s price changes.
Amid the outbreak of the COVID-19 pandemic, Vietnam, as ASEAN Chair, has managed to formulate a regional comprehensive economic recovery plan, the New Straits Times of Malaysia reported.
According to the World Bank’s latest economic update on Cambodia, the country’s economy this year will contract by -1 and -2.9 percent. This is a worrying sign given the kingdom’s reliance on tourism, manufacturing exports, agriculture and construction. In realising this fact, Australia has stepped up its efforts to help reduce the impact on Cambodian citizens, while also responding to its own economic issues.
Vietnam’s economy is expected to gain enormously from the FTA with the EU. However, the country will face major criticism unless it adopts labor and human rights reforms.
Strong showing in the downstream sector contributed to rise in export earnings despite airline industry woes
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent Covid-19 lockdowns in the region, a global forecasting services provider said.
Indonesia recorded a further decline in foreign direct investment (FDI) realization in the second quarter this year, as the COVID-19 pandemic batters both the national and global economy.
Brunei lacks real-time economic data to effectively monitor impact of pandemic, says think tank
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
