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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Since the Doi Moi reforms, Vietnam has evolved into a global leader in agricultural exports, particularly rice, coffee, fruits, and pork. While agriculture's share of GDP declined to 11.86% in 2024, its gross value added rose by 14% over two years, ...
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Indonesia's tourism sector is a key driver of growth for the Indonesian economy, with its total contribution to the country's GDP estimated at USD 69.7bn in 2024, or 5.1%, according to the World Travel and Tourism Council (WTTC). The sector has been ...
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China is the world's largest producer, consumer, and exporter of steel. The country's crude steel production and consumption have both ranked first in the world for 29 consecutive years, according to the China Iron and Steel Association (CISA). In ...
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In 2024, China's total retail sales rose by 3.5% y/y to RMB 48,789bn, indicating the steady growth of the country's consumer market. Due to the crucial role of consumption in the economy, the Chinese government has implemented a series of supportive ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.7% of the country's GDP and 9.9% of total exports in 2024. Moreover, the sector employed 28.9% of the country's total workforce in 2024, being the largest ...
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Africa's telecommunications sector is experiencing a period of dynamic growth and diversification, fuelled by increasing smartphone penetration, a surging demand for mobile money and streaming services, and substantial infrastructure investment. This ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2024. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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China's electric power system ranks among the largest and most rapidly expanding in the world, with coal power continuing to play a significant role in electricity generation. However, the share of nuclear and other renewable energy continues to ...
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