Vietnam trade deficit widens in April as exports to the US fall short of imports from China

Vietnam’s imports from China are growing at a much faster rate than exports to the US, as manufacturers in the Southeast Asian country rely heavily on final-stage assembly or re-exports, tapping opportunities in the trade war between the world’s two largest economies, a study by Bank of America Merrill Lynch showed on Wednesday.“Vietnam’s net export position has deteriorated since the US-China trade war escalated. Exports to the US have risen, but these have more than been compensated by… Source link

Read More
Home 

Hong Kong’s home prices gather speed in April, rise at the fastest pace in more than six years

Hong Kong’s pre-owned home prices rose at the fastest pace in more than six years, but analysts expect the uptrend to taper off as buying interest has been adversely hit by the escalating US-China trade war.The price index of used homes rose 3.2 per cent to 390.5 in April, faster than the 3 per cent growth in March, according to data released by the Rating and Valuation Department on Friday.The growth is the fastest for 75 months since February 2013, when a 3.23 per cent rise was recorded, said… Source…

Read More
China 

China’s pork imports rose 24 per cent in April, customs data shows

China imported 136,517 tonnes of pork in April, an increase of 24 per cent from the same month a year earlier, customs data showed on Thursday, as the world’s top consumer of the meat stocked up on supplies amid concerns of a looming shortage.The total was the largest since September 2016, when pork imports topped 140,000 tonnes.The figures from the General Administration of Customs covered only “muscle cuts”, or pork meat, and not feet, heads and other offal that China also imports in large… Source link

Read More
Vietnam 

Cashew exports to China surge in April, but overall figures poor – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Cashew nuts are processed at Mỹ Lệ Co Ltd in the southern province of Bình Phước. — Photo laodong.vn HÀ NỘI — Việt Nam’s cashew exports to China in April went up by a whopping 54 per cent to US$31.4 million, the Ministry of Industry and Trade said citing customs data. Significant increases were also seen in exports to other markets such as Germany (65.7 per cent), Thailand (17.4 per cent) and Italy (21.6 per cent). But shipments to the US, the biggest market, fell by 30.6 per cent…

Read More
Global 

China economy slows sharply in April, even before higher US trade tariffs take effect

China’s economy looked to have slowed sharply in April, the last month before new US trade war tariffs take effect, with both industrial production and retail sales growth posting significant declines.The big picture to be gleaned from Wednesday’s data dump is that China’s economy is losing the momentum it gained in the first quarter, at a time when it is being sucked into an ever-intensifying trade war with the US. Over the past week, the world’s two largest economies have exchanged tit-for… Source link

Read More
Property 

Shenzhen home sales rose 66 per cent, hit 30-month high, according to April data

Shenzhen home sales touched a record high in April amid falling mortgage rates, population influx and a cyclical upturn in sentiment, according to official data.But industry analysts and agents were quick to point out the surge in April reflected mostly an increase in March and early April, when buyers returned to the market with an upbeat outlook and pushed up sales volumes. This is because of a lag between actual sales and official registration.According to data from the official Shenzhen… Source link

Read More
Vietnam 

Derivatives market sees liquidity slump in April – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Trading volume of derivatives plummeted in April in parallel with the sluggishness of the underlying market, showing an increasingly close link between these two markets.— Photo cafef.vn HÀ NỘI — Trading volume of derivatives plummeted in April in parallel with the sluggishness of the underlying market, showing an increasingly close link between these two markets. When the underlying market falls, investors will theoretically seek opportunities to make profit on the derivatives market, because it allows them to earn profits even as the underlying market declines. The liquidity of the derivatives market often soars when the underlying…

Read More
Vietnam 

More than 350 foreign investors join VN’s securities market in April – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In April, more than 350 foreign investors were granted codes to participate in the Việt Nam’s securities market. – Photo tienphong.vn HÀ NỘI – More than 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Việt Nam’s securities market to nearly 30,240, according to the Việt Nam Securities Depository (VSD). Of them, 44 were institutional investors and 312 individual investors. In April, VSD removed securities trading codes from six foreign investors. Foreign investors bought a net volume…

Read More
China 

China bank lending slows more than expected in April, raising concerns about economic outlook

China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of heightened trade tensions with the United States.Banks made 1.02 trillion yuan (US$150 billion) of new yuan loans in April, lower than market expectations for 1.2 trillion yuan in loans and the 1.69 trillion yuan in new lending in March, according to data released by the People’s Bank of China (PBOC… Source link

Read More
Vietnam 

State budget revenue in January to April period up 13.9 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  January – April budget revenue was up nearly 14 per cent, running a surplus. — Photo vneconomy.vn HÀ NỘI – State budget revenue in the January-April period was estimated at VNĐ517.8 trillion (US$22 billion), equivalent to 36.7 per cent of the Government’s planned figure for the year and up 13.9 per cent over the same period last year, according to the latest report from the Ministry of Finance. Domestic revenue totalled VNĐ424.96 trillion, or 36.2 per cent of the year’s plan. Revenue from crude oil was estimated at VNĐ18.3 trillion, a…

Read More