While slowing moderately, in line with general economic trends, Vietnam’s fast-moving consumer goods (FMCG) segment is continuing to expand, with strong areas of potential growth both at home and abroad.
Industry
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Stronger performance in the manufacturing industry helped keep South Africa’s economy out of a recession, and has led to a slight upward revision in annual growth forecasts.
A country of extraordinary diversity, spread across some of the world’s most spectacular, and often inhospitable, terrain, Papua New Guinea today is a country once again at a crossroads. A major economic boom driven by a massive liquefied natural gas project has been swiftly followed by a sharp slowdown as global oil prices fell, and as a result the government has come under some pressure.
Economic view | Ravi Shankar, President Director, Asia Pacific Fibres; and Chairman, Indonesian Synthetic Fibre Makers Association, on the growth potential of the textile industry
22 Sep 2016
RAVI SHANKAR: Indonesia's upstream segment manufactures significant quantities of two raw materials: polyester and rayon. The two major fibres consumed in the textile industry are polyester and cotton, the latter of which is not currently being produced in Indonesia. Polyester production began in 1980, so we have a sizeable industry in Indonesia, but in the last 20 years capacity has mostly been developed in larger countries such as India and China.
