Indonesia named world's most generous country in 2024
Indonesia has been the world's most generous country for the seventh consecutive year since 2017, reported local weekly magazine Tempo.
Indonesian people shop goods at a supermarket. Photo courtesy of Vietnam News Agency.
According to the UK-based Charity Aid Foundation's (CAF) annual World Giving Index, nine out of 10 Indonesians engage in charitable giving, while over six out of 10 volunteer their time. These exceptional rates of generosity have solidified Indonesia's top-ranking position worldwide in both categories.
Based on a survey of 145,000 respondents across 142 countries, Indonesia achieved a World Giving Index score of 74 points, surpassing Kenya (63 points) and Singapore (61 points).
Indonesia has shown consistent improvement in its WGI scores over recent years. The country maintained a score of 59 in both 2018 and 2019, before making a significant leap to 69 in 2020 and 2021.
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Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans
Vietnam's tax authorities have collected about VND4.3 trillion ($169 million) from 6,500 delinquent taxpayers through exit ban measures so far this year, nearly five times the amount reported in the middle of the year.
Finance - Fri, December 20, 2024 | 10:29 pm GMT+7
French, Chinese EV manufacturers to invest in Indonesia
Three global electric vehicle (EV) manufacturers - France’s Citroen and China’s BYD and AION - have committed to establishing EV manufacturing plants in Indonesia, Minister of Industry Agus Gumiwang Kartasasmita has announced.
Southeast Asia - Fri, December 20, 2024 | 6:42 pm GMT+7
Thailand optimistic about export prospects for 2025
With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about $305 billion.
Southeast Asia - Fri, December 20, 2024 | 6:36 pm GMT+7
Philippines imposes temporary import ban on live cattle from Japan
The Philippines has imposed a temporary ban on the importation of live cattle and buffalo as well as their products from Japan due to the outbreak of lumpy skin disease (LSD), its Department of Agriculture said on Thursday.
Southeast Asia - Fri, December 20, 2024 | 5:53 pm GMT+7
Malaysia-China trade hits nearly $100 bln
Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly $98 billion between January and November, matching the 2023 total trade volume.
Southeast Asia - Fri, December 20, 2024 | 5:51 pm GMT+7
Indonesia to stop importing sugar in 2025
The Indonesian government expressed optimism that the plan to stop importing sugar and several other commodities in 2025 will be implemented due to increased domestic production.
Southeast Asia - Fri, December 20, 2024 | 5:50 pm GMT+7
Major defence industry corporations compete for market share in Vietnam
Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.
Southeast Asia - Fri, December 20, 2024 | 5:36 pm GMT+7
Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam
Japan's Marubeni Corporation, through its wholly-owned subsidiary Marubeni Green Power Vietnam Co., Ltd, has begun operating a battery energy storage system (BESS) project in Vietnam.
Energy - Fri, December 20, 2024 | 5:19 pm GMT+7
Vietnam Post turns to online sales of agricultural products to stay competitive
State-run Vietnam Post Corporation (Vietnam Post) recently launched nongsan.buudien.vn, an e-commerce platform dedicated to agricultural products, with an aim to tap into the year-end market and the promising potential of this business area.
Companies - Fri, December 20, 2024 | 4:25 pm GMT+7
Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam
Hong Kong-based Man Wah, among the largest home furnishing producers in the world, will invest an additional $50 million in Vietnam’s southern province of Binh Duong.
Industries - Fri, December 20, 2024 | 4:02 pm GMT+7
Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate
Vietnam’s leading housing developer Vinhomes and Japan’s Nomura Real Estate Development Co., Ltd have signed an MoU on comprehensive strategic cooperation, aiming to leverage the strengths of both sides to bring international-standard products to the market.
Real Estate - Fri, December 20, 2024 | 2:42 pm GMT+7
2024 – a look back at ups and downs
Ngo Dang Khoa, head of markets and securities services, and Vu Binh Minh, associate director of rates trading at HSBC Vietnam offers an insight into Vietnam's economic landscape in 2024 and their 2025 forecasts.
Economy - Fri, December 20, 2024 | 1:21 pm GMT+7
Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam
Sweden’s Bulten and China’s ZJK Precision Parts will jointly manufacture micro screws in Vietnam, targeting production from 2025, the former said Wednesday.
Industries - Fri, December 20, 2024 | 12:02 pm GMT+7
Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards
Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.
Industries - Fri, December 20, 2024 | 11:51 am GMT+7
Supply of apartment units in Vietnam may rise 33% next year: expert
Vietnam’s property market is expected to see the entry of 35,000-40,000 apartment units in 2025, up 33% from 2024, says Duong Thuy Dung, executive director, head of professional services at CBRE Vietnam.
Real Estate - Fri, December 20, 2024 | 9:23 am GMT+7
Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics
Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.
Economy - Fri, December 20, 2024 | 8:17 am GMT+7
