Vietnam 

PM asks for more efforts to boost trade ties with key partners – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Prime Minister Nguyễn Xuân Phúc chairs the meeting between the Government and representatives of relevant ministries and sectors on Saturday. — VNA/VNS Photo Thống Nhất   HÀ NỘI Prime Minister Nguyen Xuân Phúc has ordered ministries and sectors to devise plans to promote domestic production, create more jobs and ensure harmonious trade relations with key partners.  Speaking at a meeting between members of the Government and representatives of ministries and sectors in Hà Nội on Saturday to discuss measures to expand trade co-operation between Việt Nam and its big partners, the…

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Vietnam 

City eyes boost to key industrial products – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Key industrial products on display on the sidelines of a meeting held in HCM City recently. The city is keen to boost the development of certain key industrial products. — VNS Photo HCM CITY — HCM City is offering support in the form of financial assistance, land, workforce training, technology, trade promotion, and brand building assistance to businesses making key and promising industrial products, according to its Department of Industry and Trade. The city has identified seven key industrial product groups — moulded metallic products such as high-precision…

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China 

China loans jump in June as Beijing steps up credit support to boost economy amid US trade war

China’s bank lending rose as expected in June as Beijing stepped up credit support to Chinese corporations and key projects to help stabilise the economy amid the trade war with the United States.Chinese banks extended 1.66 trillion yuan (US$242 billion) of new loans in June, up from lending of 1.18 trillion yuan a month earlier, according to data released by the People’s Bank of China (PBOC) on Friday.The June lending was slightly lower than expectations of 1.70 trillion yuan, according to a… Source link

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China 

China must ensure transparency to boost credibility of Belt and Road projects, former US diplomat says

China must ensure transparency surrounding the projects under its controversial Belt and Road Initiative to attract international investors, said Daniel Russel, the vice-president of the Asia Society Policy Institute and a former top US diplomat in Asia.The strategy is the cornerstone of President Xi Jinping’s foreign policy that seeks to build infrastructure projects and improve global trade to connect Asia with Africa and Europe, but it has attracted a barrage of criticisms from China’s… Source link

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Home 

Worries hang over Hong Kong, China markets, despite initial sentiment boost from hint of US Fed rate cut

Hong Kong and Shanghai markets closed up, but backed off earlier bigger gains that followed an initial sentiment boost from overnight hints of a rate cut by the US Federal Reserve.Markets stayed stuck in pretty much a fretful trading band, as investors remained cautious about China’s economic outlook and worried that the coming hot tech board called Star in Shanghai is draining money from other shares.The Shanghai closed a teensy bit ahead, up just 0.08 per cent to 2,917.76.The CSI 300 of large… Source link

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Home 

Tencent, health care boost Hong Kong shares, while Chinese shares fall on swirling uncertainties

Meanwhile, the CSI 300 of large caps traded in Shanghai and Shenzhen slipped by 0.17 per cent to 3,786.74. Hong Kong saw rallies by two pharmaceuticals – CSPC Pharmaceutical and Sino Biopharmaceuticals – as traders looked to the sector for safety amid so many uncertainties. CSPC was up 4.1 per cent to HK$12.70 while Sino Biopharmaceuticals jumped 3.3 per cent to HK$8.72. They were the benchmark’s biggest percentage gainers of the day. Chinese carmaker Geely finally had a good day, rising 2.6 per cent to HK$12, after four straight days…

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Vietnam 

Agriculture sector will boost seafood, forestry production in H2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Processing shrimp for export. The agricultural sector will focus on the development of seafood and forestry products in the second half of this year. Photo daidoanket.vn HÀ NỘI – The agricultural sector in the second half of this year will focus on the development of commodities that have potential in production and export growth such as seafood and forestry products, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường. Especially, fishery and forestry industries have many opportunities to support the sector in achieving its growth targets in gross domestic…

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Vietnam 

VN to boost professional real estate brokers – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    In the last three years, the growth of real estate brokerage in the market has averaged about 15 per cent per year. Photo baodauthau.vn   HÀ NỘI Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams. Therefore, real estate brokers need to have enough knowledge and skills to synthesise information about real estate…

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Home 

Hong Kong’s cancer DNA tests industry gets a boost as Taiwanese provider ACT Genomics opens lab

Hong Kong’s cancer DNA tests industry has received a shot in the arm from Taiwan-based ACT Genomics opening a HK$20 million laboratory at the Science Park in Sha Tin to process cancer patients’ samples.The five-year-old firm, based in Taipei, aims to build a regional network of self-operated and joint venture labs.“We want to become Asia’s most important DNA tests provider [for cancer patients],” ACT’s chief executive Chen Hua-chien told reporters on Thursday after the lab’s opening ceremony. … Source link

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Trade war truce does little to boost public confidence in China due to lack of trust for ‘flip flopping’ Trump

The trade war truce agreed between President Xi Jinping and US counterpart Donald Trump at the G20 summit in Japan at the weekend has done little to alleviate the concerns from online users, exporters and manufacturers in China, largely down to a mistrust of the American leader due to what has been described as his track record of “flipping and flopping”.On Saturday, the two leaders agreed a pause on new tariffs of up to on US$300 billion of Chinese goods imported into the United States. The US… Source link

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