Vietnam 

BSR earnings get boost as crude import tax turns zero – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Bình Sơn Refinery and Petrochemical Co Ltd’s Dung Quất plant. The company shares soared 8.6 per cent on Wednesday. – Photo bsr.com.vn HÀ NỘI – The latest scrapping of the crude import tax could help local firm Bình Sơn Refinery and Petrochemical Co Ltd (BSR), securities firms have reported. The Government on Tuesday decided import tax on crude oil would be slashed to zero per cent from the current 5 per cent on November 1. BSR will get indirect benefit from the decision as a zero tax rate will…

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Vietnam 

VN-Bangladesh to boost trade cooperation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    In the first eight months of this year, the bilateral trade turnover between Việt Nam and Bangladesh reached $527.8 million. VNA/VNS Photo Ngọc Quỳnh HÀ NỘI The economic relationship between Việt Nam and Bangladesh has seen many positive changes in recent years, especially after the establishment of the Joint Trade Committee with the first meeting held in April 2015. The statement was made by Đoàn Duy Khương, vice chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) at a conference held in Hà Nội on…

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Home 

Australian property recovery fails to boost wider economy

When Michael Jiang scored a liquor licence four years back, he had hoped it would help drive more sales at his struggling small grocery business in Sydney.Fast forward to the present, and Jiang finds himself wrestling with new challenges as stingy consumers and price wars have done little to boost earnings in an economy growing at its slowest pace in a decade.Moreover, even a welcome revival in the property market has only served to highlight a conundrum for policymakers, as the “wealth effect”… Source link

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Vietnam 

VN-Index gains for second day, pre-purchases boost retail stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An FPT Retail store. The company has allowed clients to pre-order new iPhone models, a move that is expected to boost its earnings in the fourth quarter. – Photo fptshop.com.vn HÀ NỘI – Việt Nam’s benchmark VN-Index soared on Friday as expectations for high fourth-quarter earnings helped boost digital retail firms after they opened pre-orders for new iPhone products. The VN-Index on the Hồ Chí Minh Stock Exchange gained 1.14 per cent to close at 987.22 points. The VN-Index has increased by total 1.84 per cent in the last…

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Home 

Singapore fosters tech skills training for older workers to boost city’s productivity

Most 65-year-olds would be looking to wind down their careers as they hit retirement.But in Singapore, which has one of the highest life expectancies in the world at nearly 85 years and where the government soon plans to raise the retirement age, workers are being pushed to learn new skills to stay productive.Valerie Yeong-Tan, who has worked for 47 years at Singapore Telecommunications (Singtel), is one such example. She is an administrator in the human resources department with no prior… Source link

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Global 

China outstanding bank loans fell in August, backing new moves to boost credit to support economy

The growth in China’s outstanding bank loans fell again in August, supporting the central bank’s decision to start easing credit conditions and suggesting further steps ahead to support an economy pressured by the trade war with the United States.The country’s commercial banks extended 1.21 trillion yuan (US$170.22 billion) in new loans in August, in line with expectations and higher than the 1.06 trillion yuan in July, according to data released by the People’s Bank of China on Wednesday… Source link

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Vietnam 

More two-way communication required to boost business partnerships: officials – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Panelists at a discussion on Monday about enhancing the effectiveness of trade co-operation between Việt Nam and the Middle East and Africa. — VNS Photo Trương Vị HÀ NỘI — Việt Nam and African countries should use more group exchanges to help both sides’ enterprises improve their understanding of each other, officials said yesterday. Economic relations between Việt Nam and African countries have been growing in recent years. However, Vietnamese firms have been struggling with the conflicting payment systems. Not only small firms, even big…

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Money 

China cuts banks’ reserve requirements in latest effort to boost economy amid US trade war

China’s central bank announced on Friday that it will cut the required reserve ratio for all commercial banks, freeing up long-term funding of around 900 billion yuan (US$126 billion) that banks can use to increase lending and support government efforts to shore up the real economy.The 0.50 percentage point cut in the amount of reserves banks are required to hold at the central bank will be effective from September 16, the People’s Bank of China (PBOC) said.The required reserve ratio cut would… Source link

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Home 

US-China trade war to boost Taiwanese gym equipment maker’s quest for global dominance

Taiwan’s Johnson Health Tech says it is poised to be an unexpected winner from the US-China trade war.The world’s third-largest gym equipment maker expects a new factory in Vietnam, which it planned before the ongoing trade war, to allow it to escape tariffs on made-in-China gym equipment sold to American fitness outlets.“We will have a greater advantage over our Chinese rivals because they will be hurt by the latest tariffs,” Chief executive Jason Lo said in a recent interview at the company’s… Source link

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Vietnam 

Forum mulls measures to boost VN-South Korea trade in farm produce – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Pipeapples being processed for export at An Giang Fruit-Vegetables & Foodstuff Joint Stock Company. Vietnamese firms enjoy opportunities to boost its farm exports to South Korea. — VNA/VNS Photo Vũ Sinh HCM CITY — With its high demand for agricultural products, South Korea offers Việt Nam the opportunity to boost its farm exports. But to enable more products to enter that market, Vietnamese firms and farmers must focus on improving quality, building brand and offering competitive prices, delegates told a forum on Việt Nam-Korea Trade Promotion of…

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