Vietnam among Asia’s growth leaders (video)

Created 18 May 2017
  • PDF
Editor Choice
Share
(1 vote, average 5.00 out of 5)

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 percent 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 $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.

 

 

 Source: VNA

Maybe You Also Interesting :

» Communal house to host traditional New Year event

So Village’s communal house on the western outskirts of Hà Nội will provide a platform to showcase the traditional customs of the Vietnamese Lunar New...

» Company introduces Dutch artists, seeks collaborations

More than 30 paintings, photos and sculptures by 11 Dutch artists were displayed at an exhibition hosted by the Embassy of the Netherlands in Hà Nội. 

» Hoà Phát Group posts US$352 million after-tax profit

Steelmaker Hoà Phát Group posted a record-high after-tax profit of VNĐ8 trillion (US$352.3 million) in 2017. 
loading...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet