HANOI (Xinhua): Many banks in Vietnam have increased deposit interest rates by 0.1 to 0.6 percentage points amid the growing demand for funds and inflationary pressure, local media reported on Wednesday (May 18). The rates have increased sharply since the beginning of this month, with the peak at 6.5 per cent to 7.4 per cent, the daily newspaper Vietnam News reported. … [Read more...] about Vietnam banks raise interest rates amid inflation
Vietnam news agency
Why Does the US-ASEAN Special Summit Lack Substantial Value?
During US-ASEAN Special Summit, the US pledged US$150 million to tackle several key topics ranging from maritime security to pandemic preparedness to clean energy. Despite hitting the right notes, the summit lacked the concrete trade and investment commitments that ASEAN members were seeking. Access to the prized US market for ASEAN will be vital if Washington wants to balance … [Read more...] about Why Does the US-ASEAN Special Summit Lack Substantial Value?
Cambodia iron, steel imports mount as construction sector recovers
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia imported iron and steel worth US$119.72 million in the first four months of 2022, marking an increase of 19 per cent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 per cent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, … [Read more...] about Cambodia iron, steel imports mount as construction sector recovers