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Standard Chartered Bank: Looking for a

Thailand s economy is likely to remain subdued due to the COVID-19 pandemic, with a more rapid vaccination rollout and an emerging recovery in the tourism sector to play an important role heading into 2022, says Standard Chartered Bank.
The bank maintains its below-consensus forecast on Thailand economic growth at 1.8% for 2021 and 3.1% for 2022.
The development of the COVID-19 situation and the vaccination rollout are the most influential factors, while a recovery in tourism and a clear stance of monetary and fiscal policies are also key factors that will impact the outlook of the Thai economy this year and set the scene going into next year, said Dr. Tim Leelahaphan, Economist, Standard Chartered Bank (Thai). ....

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Vietnam shining bright as appealing investment venue

Vietnam shining bright as appealing investment venue
14:51 | 08/05/2021
Despite pandemic implications, Vietnam continues to coax a steady increase in foreign investment inflows. Michele Wee, CEO of UK-backed Standard Chartered Vietnam, delivers a comprehensive picture about the countryâs foreign direct investment, focusing on how Vietnam can retain its appeal and how Standard Chartered Vietnam could support the process.
Michele Wee, CEO of UK-backed Standard Chartered Vietnam
Given the impact of COVID-19 and the vaccination plan, what is the outlook of foreign direct investment into Vietnam in the short and medium terms?
We believe that inward investment in Vietnam will remain strong in the medium-term. Vietnam continues to be an attractive investment destination given its strong fundamentals of a fast-growing economy with a young and well-educated labour force, a growing domestic market, and its strong commitment to integr ....

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VIETNAM BUSINESS NEWS JANUARY 27

VIETNAM BUSINESS NEWS JANUARY 27
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27/01/2021

10:15
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More taxes collected from online businesses
More people have come to pay taxes for their online businesses in Hanoi in 2020.
Mai Son, head of Hanoi Taxation Department, said e-business has strongly developed in Vietnam and worldwide. In 2020, Hanoi collected VND123bn (USD5.3m) in taxes, five times higher than the collected taxes in 2019. Most of the taxpayers are individuals, he said.
A woman from Cau Giay District paid VND23.4bn (USD1m) after earning VND330bn last year from writing and published her apps on Google Play and App Store. Another man paid over VND18bn from his VND260bn income also from writing mobile apps. According to the Hanoi Taxation Department, another person paid over ....

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Ringgit expected to outperform other Asian currencies

PETALING JAYA: The ringgit is expected to outperform other Asian currencies in 2021, due to the Malaysian currency being a proxy for the global reflat. ....

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