Malaysia recorded an economic growth rate of 4.7 percent in 2018 (Photo: propertyhunter.com.my)

Malaysia's economy grows 4.7 percent in 2018

Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported, citing Bank Negara Malaysia (BNM)’s announcement.
Market cap accounts for 72 percent of GDP in 2018

Market cap accounts for 72 percent of GDP in 2018

Stock market capitalization reached VND3,900 trillion (US$167.75 billion) by December 28 last year, up 12.7 percent compared to the end of 2017, or 72 percent of gross domestic product, according to the Ministry of Finance.
A convenient store in HCMC (Source: SGGP)

Retail industry aims at 15.5 percent GDP by 2025

The Ministry of Industry and Trade has issued a commerce development strategy by 2025, setting up the target that retail field will contribute to 15.5 percent of the country’s Gross Domestic Product by 2025.
Customers shopping at a supermarket in HCM City. The Government reported yesterday to the National Assembly that the macro economy remains stable. (Photo: VNA/VNS)

Economy stable, inflation under 4%

The Government reported yesterday to the National Assembly that the macro economy remains stable, inflation is controlled under 4 percent, and the annual growth target of 6.7 percent is likely to be achieved. The Gross Domestic Product (GDP) per capita is estimated to reach US$2,400 this year.
 
Prime Minister Nguyen Xuan Phuc (Photo: VNA)

High political determination needed to meet growth target: PM

The fulfilment of the gross domestic product (GDP) growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12.