China’s economy grew 5.0% in 2024, meeting the official target While downward pressures persist, China’s economy retains momentum, achieving 5.0% GDP growth, warranting a cautiously optimistic outlook for 2025. In 2024, China’s economy demonstrated resilience despite domestic and external pressures, achieving a 5.0% GDP growth for the full year, with the total economic output reaching […]

Indonesia’s Economy Grew 5.02% in Q4 2024, Driven by Household Spending and Investment BPS-Statistics Indonesia reported that the country’s GDP expanded 5.02% year-on-year (YoY) in Q4 2024, reaching IDR 5,675.1 trillion at current prices. This growth aligned with analysts’ expectations, with a median forecast of 4.98% from a Reuters poll, and was slightly higher than […]

GDP growth beats forecasts to reach 7.1% in 2024 Vietnam’s economy records an increase of 7.6% YoY in the last quarter of 2024 and maintained the upward trend throughout all previous three quarters of 2024 and successfully surpassing its target of growth for the whole year 2024 of 7.1% comparing to 6.5% of the target. […]

Malaysia’s Economy Expands by 5.3% in Q3 2024 Amid Strong Investments and Export Growth Malaysia’s GDP grew by 5.3% year-on-year in the third quarter of 2024, driven by robust investment activity, steady export performance, and resilient household spending. Malaysia’s economy demonstrated resilience in the third quarter of 2024, with key indicators reflecting continued growth, supported […]

Vietnam’s economy witnessed record GDP growth of 7.4% in the third quarter of 2024, surpassing the 6.9% growth reported in the previous quarter. This strong economic performance was primarily driven by the industrial, construction, and service sectors, which accounted for 37.1% and 42.8% of the overall GDP, respectively. These sectors recorded significant growth rates, with […]

China’s Q3 GDP grew by 4.6%, with the Bank of China forecasting 5% growth in Q4 The country’s GDP experienced a growth of 4.6% in the third quarter, following a 4.7% growth in the second quarter. In the first three quarters, China’s GDP grew by 4.8%, reaching over 94.97 trillion RMB (about 13.34 trillion USD). […]

Indonesia’s Economy Grew 5% in the Second Quarter, Driven by Strong Domestic Consumption, Government Spending, and Sector Improvements. In the second quarter of 2024, Indonesia’s economy displayed resilience, achieving a year-on-year (YoY) GDP growth of 5.05%, slightly lower than the 5.1% seen in the first quarter. This performance was mainly driven by robust household consumption, […]

Malaysia’s Gross Domestic Product (GDP) year-on-year growth rate in the second quarter of 2024 reached the highest record since Q2 2023, exceeding analysts’ and government expectations of a 5.8% rise The Department of Statistics Malaysia (DOSM) released its latest data on August 16th, 2024, highlighting encouraging developments in Malaysia’s economic performance. The country’s gross domestic […]

China’s Q2 GDP growth slows to 4.7%, missing 5.1% market expectations In the first half of 2024, GDP grew by 5.0% year-on-year. In the second quarter, China’s GDP growth slowed to 4.7% year-on-year, with a quarter-on-quarter increase of 0.7% compared to the first quarter of 2024. In the second quarter of 2024, China’s gross domestic […]

Indonesia’s Q1 2024 GDP Growth Reached 5.11% (YoY), the highest growth in the first quarter in the last five years. The country’s economic growth in the first quarter of 2024 improved to 5.11% (YoY), higher than the growth of 5.04% in the last quarter of 2023. The growth of 5.11% was the highest economic growth […]

Malaysia’s year-on-year GDP growth rate in the first quarter of 2024 was the lowest for the same period since the end of the COVID-19 lockdowns Malaysia’s economy witnessed a 4.2% GDP Growth Rate YOY in the first quarter of 2024, the lowest record of the same period during the period after the COVID-19 lockdowns ended. […]

Vietnam’s gross domestic product (GDP) in the first quarter of 2024 reaches the highest record of the same period during the period of 2020-2023 Vietnam’s economy experienced a robust 5.66% growth in the first quarter of 2024, exceeding the growth rates for the same period from 2020 to 2023. The industry and construction sectors were […]

Indonesia’s Q4 2023 GDP Growth Reached 5.04% (YoY), Slightly Above the Government’s Projection Indonesia’s economic growth in the last quarter of 2024 was 5.04% (YoY), which was slightly above the projection of 5%. This growth outpaced the 4.94% growth seen in the third quarter, despite the persistence of several concerning trends. Factors impacting economic performance […]

Indonesia’s investment landscape Indonesia is rebounding strongly from the COVID-induced weakness, advancing its economic development Despite persistent challenges posed by global macroeconomic headwinds, Indonesia’s economy in 2023 exhibited resilience. Declining commodity prices adversely affected crucial sectors, and coupled with a slowdown in key export markets, continued to hinder Indonesia’s economic growth potential, while various geopolitical […]

Malaysia’s economy grew in Q4 2023, with an optimistic outlook for 2024 In Q4 2023, Malaysia’s economy expanded by 3%, propelled by strong household spending and investment activity, despite lackluster exports. Despite facing challenges like subdued external demand and inflationary pressures, the outlook for 2024 remains positive. This is supported by robust domestic expenditure and […]

China’s investment landscape Looking back on 2023, China swiftly shifted from a zero-COVID stance to lifting all restrictions in January, providing a substantial boost to economic expectations. Despite a gradual post-COVID recovery, policymakers in November eased some foreign investment restrictions, particularly in manufacturing. Simultaneously, China’s structural transformation is fueling growth in high-value manufacturing and high-tech […]

Vietnam’s investment landscape Vietnam maintains its position as an attractive investment for foreign investors as Foreign direct investment (FDI) inflows continue to increase. Vietnam’s numerous Free Trade Agreements (FTA), strong economic performance, cost-competitive production and increasing capabilities remain important factors in facilitating investments in the country. The trend is expected to continue as inflation in […]

Vietnam’s GDP grew in the fourth quarter of 2023 Vietnam’s GDP grew by 6.72% in the fourth quarter of 2023, continuing a trend of increasing GDP growth rates, starting with the first quarter of 2023 at 3.28%, 4.05% (later revised to 4.14% ) for the following quarter, and 5.33% for the third quarter. As such, […]

China’s GDP grows with 4.9% (YoY) in Q3 2023, surpassing the 4.4% forecasted growth In the third quarter of 2023, China’s GDP grew 4.9% year-on-year, slowing from 6.3% growth in the previous quarter. However, on a quarter basis, GDP grew 1.3% in Q3, a slight acceleration from the revised 0.5% quarter growth registered in Q2. […]

Vietnam’s GDP growth accelerated to 5.33% year-on-year in the third quarter of 2023 Vietnam’s GDP expanded 5.33% year-on-year (YOY) in Q3 of 2023, pointing to 3 consecutive quarters of recovery. Vietnam’s GDP increased by 5.33% in the third quarter of 2023, indicating a positive trend with consecutive quarterly increases compared to 3.28% in the first […]

Indonesia’s economy grew 5.17% year-on-year (YoY) in Q2 2023, beating the consensus forecast Benefiting from the strong domestic demand, Indonesia’s economic growth in the second quarter of 2023 once again beat market expectations, growing 5.17% year-on-year (YoY), exceeding a 5% YoY growth for seven consecutive quarters. The forecasted gross domestic product (GDP) growth in the […]

Vietnam’s GDP expanded 4.14% year-on-year in the second quarter of 2023 Vietnam’s GDP rose by 4.14% year-on-year (YoY) in the Q2 of 2023, pointing to the seventh consecutive period of expansion. Vietnam’s GDP in the second quarter of 2023 grew by 4.14% compared to the same period the previous year. The figure is greater than […]

Indonesia’s GDP growth reaches 5.03% in the 1st quarter of 2023, exceeding expectations Fueled by domestic consumption and a positive trade balance, Indonesia’s GDP has maintained a strong performance with a 5.03% YoY growth. For 2023, the Bank of Indonesia is targeting the economic growth to reach between 4.5% to 5.3%. During the first quarter […]

Vietnam’s GDP inched up by 3.32% year-on-year in the first quarter of 2023 2023’s first quarter growth of 3.32% year-on-year (YoY) is the second to worst recorded first quarter growth since 2011, only beating the 3.21% growth in Q1 2020. The GDP growth of 3.32% in the first quarter of 2023 is a dramatic fall […]