Vietnam 

Dairy industry to boost exports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vinamilk imports cows from New Zealand to serve its milk production for local consumption and exports. — VNA/VNS Photo   HÀ NỘI — Việt Nam’s dairy makers are accessing more opportunities to increase exports, but companies need to enhance their competitiveness in foreign markets and develop a concentrated production scale. The export value of dairy products and fresh milk reached US$48.6 million in the first three months of the year, with the main export markets in Iraq, Hong Kong, mainland China, Afghanistan, the Philippines and other countries, including UAE, Laos, Myanmar and Japan. Exports are expected to grow strongly this…

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Vietnam 

Việt Nam and US boost comprehensive co-operation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Delegates at the seminar, which is expected to push the comprehensive partnership between Việt Nam and the US. — VNA/VNS Photo Văn Điệp HÀ NỘI — Bilateral relations between Việt Nam and the US had developed into a comprehensive partnership ahead of the two countries celebrating 25 years since the normalisation of diplomatic relations (1995-2020), said President of the Việt Nam-US Association Nguyễn Tâm Chiến. Chiến was speaking at a meeting in Hà Nội on Thursday that aimed to promote exchange and co-operation among sectors, enterprises and organisations from both countries. Chiến,…

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Home 

China’s beleaguered peer-to-peer lending market will get a boost from Greater Bay Area development, says DBS Bank

China’s peer-to-peer (P2P) lending industry, which has shrunk dramatically under a government crackdown, should get a welcome boost from the development of the Greater Bay Area, according to DBS Bank.By 2030, P2P lending will enjoy an annual growth rate of 17 per cent in the new economic and innovation hub, making it the fourth-fastest growing sector there, the Singaporean bank estimated.In P2P lending, internet-based platforms match private investors with individuals or small companies that… Source link

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Home 

Stocks Blog: China, Hong Kong stocks looking for gains after overnight boost in US markets

Good morning, traders. Overnight, US benchmarks rose, as investors cheered President Donald Trump’s move to give a 90-day relief on a Huawei ban for some US companies and customers. Trump’s step against Huawei has added to the turmoil around settling the US-China trade war, unsettling markets here and around the globe. We’ll be watching rare-earth stocks this morning, after jaw-dropping gains yesterday. Come back often for the latest in mainland and Hong Kong markets. Please send any… Source link

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Home 

Rare earth, telecom stocks lift up China markets after Xi, Huawei boost

China stocks climbed on Tuesday, as rare earth and telecommunication stocks led the advance following a company visit by President Xi Jinping and upbeat remarks by Ren Zhengfei, the founder of Huawei Technologies.The Shanghai Composite Index rose 1.2 per cent to 2905.97. The Shenzhen Component Index climbed 1.9 per cent, and the ChiNext Index was up 1.7 per cent. The CSI 300 of large companies increased 1.4 per cent.In Hong Kong, the Hang Seng Index slipped 0.5 per cent to 27,657.24.Companies… Source link

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Home 

Has a government scheme to boost Hong Kong’s public housing had the unintended consequence of pushing up home prices?

It may have been well meant, but the Hong Kong government’s latest move to take the heat out of the property market may have had an unintended consequence.In an attempt to raise the supply of affordable housing, the government recently shifted the targeted split between public and private housing to a 70:30 ratio from the previous 60:40. The change was announced on December 21 last year, which was followed by a rebound in Hong Kong property prices in January this year.With desperate home… Source link

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Global 

Malaysian economy: a boost for Mahathir, but US-China trade war threatens to spoil Pakatan Harapan’s party

News that the Malaysian economy expanded more than expected in the first quarter of the year will be welcomed by the new Pakatan Harapan government – but it shouldn’t get too carried away with the celebrations.The US-China trade war together with domestic issues such as the expected transition of power from current Prime Minister Mahathir Mohamad to Anwar Ibrahim are among the factors that could spoil the party, experts have warned.Figures released by the Malaysian central bank on Thursday show… Source link

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Home 

China stocks rise amid hopes of fresh stimulus measures to boost sagging economy

Markets in China and Hong Kong rose for a second day, as traders expect the government to boost the economy with fresh stimulus measures while remaining hopeful of a trade deal.The Shanghai Composite ended up 0.58 per cent at 2,955.71, and the CSI 300 of large caps gained 0.45 per cent to 3,743.96. Both benchmarks reached their highest levels this month.The Hang Seng Index eked out a gain of 0.02 per cent, to 28,275.07.According to Castor Pang Wai-sun, head of research for Core Pacific-Yamaichi… Source link

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Vietnam 

Industry 4.0 could boost Việt Nam’s GDP by up to 16 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Digital technologies such as machine learning and artifical intelligence (AI) are momentum for the digital transformation. — VNS Photo HÀ NỘI — The Fourth Industrial Revolution could increase Việt Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM). Figures released by CIEM at a workshop themed “Digital transformation to accelerate a sustainable future” showed that GDP per capita is expected to rise by between $315 and $640…

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China 

Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption

China’s embattled automobiles sector is banking on Beijing to rescue it with the introduction of strong incentives as the country seeks ways to shake off the gloom surrounding its escalating trade war with the United States.Last month, passenger car sales stood at 1.51 million units, a decline of 16.9 per cent from the same period in 2018, according to the China Passenger Car Association. More importantly, April was also the eleventh consecutive month of sales declines for an industry that… Source link

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