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Vietnam’s economy will be the stand out among the ASEAN-6, growing at a faster pace relative to its peers during the next few years, according to Oxford Economics, which thinks growth next year will be 6.5 per cent YoY led by manufacturing, with contributions from machinery and textiles.
The domestic sector outlook remains bright and manufacturing fundamentals remain strong, it observed.Read More

In the fashion industry, seven companies delivered strong performances as of September 30, 2024, with Amazon.com and Zalando SE leading with significant sales growth.
Delta Galil Industries also highlighted strong gains across all channels.
Other firms like Aeffe Spa and Marimekko showed mixed results.
Overall, the sector demonstrated resilience and positive prospects.Read More

Bangladesh’s FY25 real GDP growth is projected to slow to 3.8 per cent due to output losses caused by the last uprising, floods and tighter policies, but is likely to rebound to 6.7 per cent in FY26 as policies relax, the IMF said.
FY25 inflation is likely to be around 11 per cent YoY (annual average) before falling to 5 per cent in FY26, backed by tighter policies and easing supply pressures.Read More

Fifty-five per cent of gross electricity consumption in Germany was served by renewable energy this year.
Out of the total generated electricity of 489 billion kWh this year, 284 billion kWh came from renewable sources.
The improvement was mainly due to photovoltaics.
The annual solar power generation rose to 72 billion kWh from 59.8 billion kWh last year, reaching a new peak.Read More

The FTA approved by South Korea’s Parliament may boost apparel imports from the Philippines, which currently holds a negligible share.
In January-October 2024, South Korea imported $10.513 billion of apparel, with the Philippines contributing just 0.67 per cent ($70.114 million).
Fabric imports from the Philippines were similarly low.
The FTA may enable larger share for Philippines.Read More