Thailand has become Vietnam’s fourth largest market for fruits and vegetables, with exports increasing, especially in durians, due to supply shortages from droughts. Bilateral trade between the two countries is growing, with the US and South Korea also contributing to Vietnam’s export growth. Thailand’s imports from Vietnam have surged, with popular items including dates and […]
Malaysia’s medical device market is expected to grow faster than regional peers due to factors like government support, increasing healthcare expenditure, and modernization of healthcare facilities. Key drivers include rising chronic diseases and government health spending. The market benefits from tax incentives, streamlined regulations, and a growing private healthcare sector. Malaysia’s commitment to healthcare infrastructure […]
Vietnam’s medical device market is expected to return to growth in 2024 following a slowdown in 2023. Government regulations and multinational investments in private healthcare will strengthen the market. International healthcare investments are fueling growth, with the government implementing policies to attract foreign investment and improve healthcare standards. Vietnam’s aging population and rising chronic diseases […]
In H1 2024, China’s exports grew 6.9% to RMB 12.13 trillion, driven by high-tech sectors. Trade increased with ASEAN and Latin America but decreased with the EU, US, Japan, and Australia. China’s trade surplus reached US$435 billion, indicating strong economic performance. China’s Export Performance in H1 2024 China’s exports grew by 6.9% in H1 2024 […]
Sri Lanka’s economy grew by 5.3% in Q1 2024, expected to slow to 4.5% in Q2. Forecasted 4.0% growth for the year, driven by rebound in private consumption, tourism sector recovery, and rising wages. Key View Sri Lanka’s economy expanded by 5.3% in Q1 2024, but we think that it will slow to 4.5% in […]
Vietnam’s economy exceeded expectations with 6.9% y-o-y GDP growth in Q2 2024, driven by manufacturing and FDI. The country aims to reach its 6% annual GDP growth target, emphasizing resilience and strategic investments. The Latest: Real GDP rose by 6.9% y-o-y in Q2 2024, outperforming the 6.0% we and the consensus had expected. This was also […]
AMRO maintains 2024-25 growth forecasts at 4.4% and 4.3%, driven by exports, domestic demand, tourism recovery. U.S. risks and geopolitical tensions are potential challenges, emphasizing need for policy measures. Key Takeaways The ASEAN+3 region’s growth forecast for 2024-25 remains at 4.4 percent and 4.3 percent, supported by favorable export prospects, robust domestic demand, and a […]
Thailand’s medical device market is projected to grow by a 6.9% CAGR in local currency terms, driven by strong import growth and government initiatives to promote medical tourism and digital health technologies. Key View We have revised up our forecast compound annual growth rate (CAGR) for Thailand’s medical device market in local currency terms. Thailand’s […]