Vietnam among Asia’s growth leadersThursday, May 18,2017
In a recent article, New York-based media firm Bloomberg has cited IMF outlook that Southeast Asia, including Vietnam, is taking over as the region’s growth leader.
According to the outlook, expansion of the ASEAN 5, consisting of Vietnam, Indonesia, Malaysia, the Philippines and Thailand will exceed 5% through 2022.
Aging will clip the potential growth rates of all major North Asian economies in coming years, while those of Southeast Asian ones may accelerate, with the exception of Singapore’s, Nomura Holdings Inc. said.
Infrastructure spending by the 10-member Association of Southeast Asian Nations will average US$110 billion a year through 2025, according to Ernst & Young LLP.
Countries in Southeast Asia are also ramping up on ambitious large-scale infrastructure projects.
The region’s strong growth outlook is luring companies such as Coca-Cola Co., which is expanding in Vietnam and in Myanmar. Heineken NV is competing with Anheuser-Busch InBev NV, Asahi Group Holdings Ltd. and Kirin Holdings Co. for a stake in Vietnam’s largest brewer SaiGon Beverages Joint-Stock Company.
To develop Vietnam’s territorial waters and coastal area in gulf of Thailand into a dynamic economic sector, contributing to general ...
Vietnamese archers Nguyen Tien Cuong and Chau Kieu Oanh defeated their rivals from the Philippines to grab a bronze medal at the mixed ...