China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.
Forty years after a small fishing village became the country's first special economic zone, China's authorities are once again pinning their hopes on Shenzhen as the main engine of innovative development.
The International Monetary Fund (IMF) has forecast that Vietnam’s gross domestic product (GDP) in 2020 would surpass that of Singapore to emerge as the fourth biggest economy in Southeast Asia.
The State budget revenue from January to September 2020 reached VND975.3 trillion, meeting 64.5% of this year’s target and falling by 11.5% compared with the same period last year, according to the Ministry of Finance.
The socio-economic report drafted by the Ministry of Planning and Investment (MPI) states that with the annual growth rate estimated at over 2 percent, aiming to reach about 3 percent, Vietnam is the country with the highest positive growth rate among five major economies in Southeast Asia (ASEAN-5). And it is one of the 16 most successful emerging economies in the world.
Capital has become very cheap with the Vietnam dong interest rates in the interbank market having fallen to a four-year record low, according to the Vietnam Interbank Market Research Association.
