Economic restructuring

Singapore (VNA) – Singapore's manufacturing sector was the silver lining of 2020, with the sector posting growth for the full year, according to data released by the Economic Development Board (EDB) on January 26. The sector expanded 14.3 percent year on year last month. Excluding biomedical manufacturing, output grew 19.8 percent. Overall, manufacturing output increased 7.3 percent last year, compared with 2019. The chemicals cluster grew by 12.3 percent year on year last month, with all segments except petroleum recording output growth. But for the whole of last year, the chemicals cluster's output dipped by 1 percent compared with 2019. The precision engineering cluster picked up 11 percent in December, with the machinery and systems segment growing 12.6 percent on the back of higher output of semiconductor equipment and measuring devices. Precision engineering output increased 10.6 percent for the year. General manufacturing output also grew, by 5.9 percent, with … [Read more...] about Singapore: Manufacturing sector silver lining of 2020

Tran, who has been selling candies and jams at the market for nearly 30 years, said this was the hardest time as the market was so empty. More stalls may be closed after Tet. "We have not seen many regular customers this time, only a few retail customers and wholesale customers," she said. … [Read more...] about Digitalization at Saigon’s oldest market

Accordingly, the price of bio-fuel E5 RON92 increased by VND361 to a maximum of VND16,309 (US$0.71) per liter, and RON95-III by VND340 to no more than VND17,270 per liter. The prices of diesel oil 0.05S and kerosene were pushed up by VND395 and VND350 to cap at VND13,042 and VND11,908 per liter, respectively. Meanwhile, the price of fuel oil 180CST 3.5S inched up VND350 to VND12,622 per kilogram. The two ministries said that the prices of petrol and oil on the global market increased from 5.34 to 6.45 percent in the past 15 days. They review fuel prices every 15 days to keep the domestic prices up to date with the global market. With a view to supporting economic recovery in the nation, the ministries decided to increase expenditure for the petrol price stabilization fund by VND250-VND1,350 per liter. … [Read more...] about Vietnam raises petrol prices by over VND300 per liter