DBS Bank

Vietnam to overtake Singapore in a decade

While Vietnam’s economy is expected to become bigger than Singapore’s in the next decade based on both countries’ current rate of growth, there are several challenges that lie ahead for ASEAN’s rising star.In a report published by Singapore-based DBS Bank on Tuesday, senior economist Irvin Seah predicted that Vietnam’s gross domestic product (GDP) will surpass that of Singapore’s by 2029 if Vietnam maintains its annual growth rate of about six to 6.5 percent and Singapore continues to grow at

31 May 2019
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Sunny skies across Southeast Asia

As ASEAN (Association of Southeast Asian Nations) celebrates its 50th anniversary, the region has witnessed immense growth in terms of its economy and human population which has contributed to the rising demand for energy. In recent years, the ACE (ASEAN Centre for Energy) has been working on promoting the use of renewable energy throughout the region.

14 September 2017
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