Vietnam among ASEAN economies predicted to grow fast
Vietnam is among the six ASEAN economies forecast to grow by 4.2% in 2023, outpacing the global gross domestic product (GDP) growth of 2%, according to Maybank Group president and chief executive officer (CEO) Datuk Khairussaleh Ramli.
Kuala Lumpur (VNA) – Vietnamis among the six ASEAN economies forecast to grow by 4.2% in 2023, outpacing the globalgross domestic product (GDP) growth of 2%, according to Maybank Group president and chiefexecutive officer (CEO) Datuk Khairussaleh Ramli.
Opening the ongoing hybrid conference Maybank InvestASEAN 2023 themed “ASEAN Reboot: Reimagining The Future” held by Maybank inSingapore from June 20-21, Ramli emphasised the resilience of ASEAN after the COVID-19 pandemic.
He noted that with a combinedpopulation of over 660 million and a collective GDP of almost 3.66 trillion USDin 2022, ASEAN ranks as the third largest regional economy in Asia and thefifth biggest economy in the world, after the US, China, Japan, and Germany.
Foreign direct investment(FDI) inflows to ASEAN rebounded in 2021 to 174 billion USD, up 42% from theprevious year, reflecting the attractiveness of the region’s economy for globalinvestors.
ASEAN’s resilience was evident inportfolio fund flows, he said, noting that “even when foreign investors pulledout of equities last year, there was a sufficiently deep domestic investor basein the region to absorb the volatility”.
ꦇ Anotherarea of optimism for the region's economy is on digitalisation, particularly inthe financial service sector, he added./.
Vietnam’s gross domestic product (GDP) is expected to stay between 6 and 7 percent from 2016 to 2018, according to the latest report from the Institute of Chartered Accountants.
The threat of macro-economic headwinds dragging global growth should be the impetus ASEAN needs to push its reform agenda harder in 2019, according to a report recently released by the HSBC Group.
Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.
The emergence of the Omicron COVID-19 variant could impact the recovery of trade in goods and services in ASEAN economies, said Sithanonxay Suvannaphakdy, researcher at the ISEAS–Yusof Ishak Institute of Singapore.
Major ASEAN economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, according to Singapore-based United Overseas Bank (UOB).
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Illustrative image (Photo: //www.malaymail.com/) 
