South Korea’s economy is likely to grow 2.3% this year, due to the decline in exports, resulting from low global demand and a weaker yen. As reported by Associated Press Newswires, the Finance Ministry is expected to promote economic recovery by implementing a stimulus plan and spending above 60% of the annual budget during the first half of the year. The nation is likely to create about 250,000 new jobs during the period, while the current account surplus is expected to register USD 29bn.
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