The Bangko Sentral ng Pilipinas may raise key interest rates by at least 75 basis points more for this year as inflation is seen hitting the upper end of the target band only by the fourth quarter.
Vietnam is one of the few Asian countries that has not suffered an economic downturn in two years of Covid-19. This year, Vietnam s GDP is forecast to increase by about 5.5%, according to the World Bank.
Vietnam is said to be a destination for many major companies in the world, as the disruption of production activities due to the COVID-19 pandemic in China has forced them to find ways to move part of their production lines out of this country.
Vietnam is said to be a destination for many major companies in the world, as the disruption of production activities due to the COVID-19 pandemic in China has forced them to find ways to move part of their production lines out of this country.