Hanoi (VNA) – Growth in Asia-Pacific economies is expected to decelerate slightly to about 5.3 percent during﷽ 201🐠6–17, according to the latest Regional Economic Outlook for Asia and Pacific, published on May 3, 2016.
According to the report, China’s growth is forecast to reach 6.5 percent in 2016 and 6.2 percent in 2017, which will be less than the country’s growth pace of 6.9 percent in 2015 – the poorest growth in the last 25 years.
Japan’s growth is expected to continue at 0.5 percent in 2016, before dropping to -0.1 percent in 2017 as the effect of the widely anticipated consumption tax increase takes hold, as well as an aging population and high public debt.
India remains the fastest-growing large economy in the world with gross domestic product (GDP) expected to increase by 7.5 percent this year and next, due to the low price in petroleum and a rise in the government’s investment and in domestic consumption which make up for the country’s swooning export activity.
Meanwhile, the Republic of Korea is forecast to climb by 2.7 percent in 2016 and 2.9 percent in 2017, thank to a surge in domestic demand. Australia ’s economy is expected to remain stable at 2.5 percent this year.
The IMF said economic stimulation measures by Asia-Pacific governments, have reduced the price of goods, lowered the unemployment rate and helped to boost growth in the region.
The organisation also said that in order to cope with global risks, regional lawmakers should promote restructuring programmes to increase productivity while generating financial sources.-VNA
Ho Chi Minh City should pay attention to transport, with the focus on developing public transport, and invest more in infrastructure, suggested IMF Managing Director Christine Lagarde.
Vietnam has maintained macroeconomic stability, recorded good economic growth, and curbed inflation at a low level, creating a foundation for stronger development in the near future.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative Image (Source: imf.org)
