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NEW UPDATES Asean Affairs  29 July 2015  

City sees sound economic data for past year

 HCM City's exports, retail sales, and revenue from services were all higher in July compared to a year ago and prices were well under control, the city People's Committee heard at a meeting the day before  yesterday.

Retail sales and services turnover were worth VND56.3 trillion (nearly US$2.6 billion) during the month and took the year's total to VND379.8 trillion (over $17.4 billion), 10.9 per cent up year-on-year.

Without crude oil, July's exports were worth $2.45 billion, a year-on-year increase of 1.5 per cent, and for the first seven months, $15.3 billion, up 9.4 per cent. But with crude oil, exports fell 4.6 per cent to $17.6 billion.

Thai Van Re, director of the city Department of Planning and Investment, blamed the decline in exports to the fall in oil prices.

Oil prices went down by 47.4 per cent on average, Re said.

Industrial production rose consistently, especially processing and manufacturing.

As of July 20 the city had issued licenses to 17,191 new businesses with total registered capital of VND113.4 trillion ($5.2 billion) this year, up by 27.7 per cent in number terms and 46.4 per cent in capital.

The city also licensed foreign investments worth $2.5 billion, up 2.3 times from 2014.

Tran Anh Tuan, head of the HCM City Institute for Economic Research and Development, said the increases in retail sales, investments and exports in July indicate that the economic growth is stable.

There is impetus for continued growth in the remaining part of the year, he said.

Addressing the meeting, People's Committee Chairman Le Hoang Quan said the city would make efforts to keep inflation down, sustain the economic recovery and growth, and promote exports and bank lending.

He called on relevant agencies to better control prices of consumer goods, improve market management and strengthen the campaigns to fight fake goods and smuggling.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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