The National Economic and Social Development Board (NESDB) downgraded the projection for Thailand's gross domestic product (GDP) growth to 4.2%-5.2% this year. As reported by Organisation of Asia-Pacific News Agencies, NESDB Secretary-General Arkhom Termpittayapaisith stated that the economy is likely to be affected by the government's declining economic stimulus measures, global economic growth rates, continual appreciation of the currency.
The country’s GDP grew 5.3% y/y during the first quarter of the year, as compared to an expansion of 19.1% y/y posted during the fourth quarter of last year. The domestic consumption and household expenses accelerated 4.2% y/y during the first quarter of the year, while the domestic investments grew 6% y/y.
The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more
Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more
Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more