Economic conditions
Ho Chi Minh City, driven by a desire to meet its state-set economic growth target of 11.5-12 percent for 2004, has made a commitment to focus on capital mobilization and accelerate major economic development projects. Led by Mayor Le Thanh Hai, the city has outlined a plan to mobilize
Economic conditions
A workshop on investment opportunities between Vietnam and Malaysia brought together policymakers and entrepreneurs to discuss cooperation prospects in various sectors, including oil and gas, construction, and finance. The event was organized by the Vietnamese Ministry of Planning and Investment and Malaysia's Commerce Bureau in Vietnam. Vietnam'
Economic conditions
Taiwan's Central Bank, the Central Bank of China (CBC), is likely to adjust interest rates in the near term, as the United States has already done so three times since late June. The Taiwan Institute of Economic Research (TIER) predicts that the CBC will gradually increase its interest
Economic conditions
Pakistani exporters are set to regain access to the European Union's generalized system of preferences (GSP) in 2006, after losing access to the scheme next year, according to EU trade chief Pascal Lamy. The new GSP, which will replace the current system, will be simpler and more focused
Economic conditions
Experts have sounded the alarm on the Western region of China, warning of the risks of unchecked development. The region, rich in natural resources, is experiencing a surge in industrial activity, driven by state-owned enterprises and provincial governments. However, this rapid growth has created signs of overheating, including a scramble
Economic conditions
The Politburo has recently approved the transformation of the Dung Quat Industrial Zone in Quang Ngai province into an economic zone. This decision will allow the zone to enjoy preferential treatment, similar to its counterpart, the Chu Lai Open Economic Zone in Quang Nam province. The economic zone will accommodate
Economic conditions
The administration of Philippine President Gloria Macapagal Arroyo has rejected a proposal to impose new taxes on overseas Filipino workers (OFWs), deeming them modern-day heroes of the country. According to Palace officials, the proposed tax is not among the eight tax measures the administration is pushing for passage in Congress.
Economic conditions
The Bank of Korea has cautiously predicted a low probability of stagflation, a rare economic phenomenon characterized by simultaneous high inflation and stagnant growth, in 2005. This assessment is based on the expected stabilization of oil prices, with the central bank forecasting oil to stabilize at around $30 per barrel
Economic conditions
Shaanxi Province in Northwest China has set its sights on five key areas for investment in the coming years, as outlined by Governor Jia Zhibang. These areas include energy, road transportation, railway transportation, agriculture and water conservancy, and industry. According to the province's plans, energy production is expected
Economic conditions
The government of South Korea announced plans to scrap excise taxes on 24 goods and lower income tax rates in a bid to bolster economic growth. The Ministry of Finance and Economy agreed with the Uri Party to forward a bill that calls for removal of special excise taxes on
Economic conditions
Vietnam's economic development will undergo a significant shift as the country's largest state-owned corporations go public, according to Le Xuan Nghia, director of the Vietnam Foreign Trade Bank's Strategy and Development Department. The policy to equitise major successful state-owned enterprises (SOEs) this year has
Economic conditions
The nation's top economic planner, Hu Sheng-cheng, emphasized the significance of promoting the service sector for Taiwan to achieve its goal of creating a second "economic miracle." In a seminar on service sector development in Kaohsiung, Hu highlighted the crucial role of the service industry in
