Vietnam 

Vietnamese brands sail into global markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A NutiFood’s plant in Bình Dương Province. The company is becoming a major foreign investor like many other Vietnamese companies. — Photo courtesy of NutiFood HCM CITY — Vietnamese businesses are further participating in the global value chain and reaching out to the world market. According to experts, State-owned enterprises used to invest mainly in neighbouring markets such as Laos and Cambodia, but things have changed now. Many investments now are made by private enterprises and span many fields from technology and agriculture to banking and finance, they said.…

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Home 

Jinjiang gets on the map as China’s sports shoe capital as Anta, Xtep and 361 Degrees snap up global athletic brands

Running through the north of Jinjiang city in Fujian province is Xiedulu, or Shoe Capital Road, an 11.5-kilometre artery that reminds visitors they are in the beating heart of China’s production hub for footwear.Here, a wholesale market covering 10 building blocks is packed with thousands of producers, designers, and vendors selling everything needed to cobble together a pair of shoes, from Velcro straps and laces to rubber soles, pattern printers and presses. Four giant, red characters atop… Source link

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Home 

Soy milk, toothbrushes and hair conditioner are biggest winners as more Chinese consumers opt for premium brands, says study

What do soy milk, electric toothbrushes and hair conditioner have in common? They are among the biggest beneficiaries of China’s consumption upgrade, according to global consultancy Bain & Company.The shift in spending by China’s expanding middle class towards more expensive, premium goods has led to a large increase in sales of these and other items, the firm said in a report based on research by Kanta Worldpanel China, which tracks of 40,000 Chinese households’ spending.Soy milk, made from… Source link

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Home 

Chinese consumers buy more domestic brands in midyear shopping festival amid trade war

Consumers in China, the world’s largest e-commerce market, have shifted to buying more goods from domestic brands in the country’s annual midyear online shopping festival amid the escalating trade war with the US.Chinese home appliance brands Supor from Hangzhou, Shenzhen-listed Midea Group and Joyoung from Jinan, in Shandong province, saw their combined sales increase fourfold during this week’s 618 shopping festival, compared with a year ago, according to popular group-buying platform… Source link

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Singapore 

5 makeup brands to buy in Taiwan: Mkup, My Beauty Diary & more, Lifestyle, Singapore News

I don’t know about you, but I have a lot of confidence in Taiwanese beauty and makeup products. You would too if you’ve ever seen those trending videos of Taiwanese girls and their 180-degree transformations… they take dolling up very seriously. There’s also a hit TV programme called Queen (better known by its Chinese name, 女人我最大), which features some of their local cult products. If you’re headed there soon, here are some of the more popular beauty items to buy in Taiwan. What to buy in Taiwan – face masks,…

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Home 

White Rabbit milk tea sells at 2,000 per cent premium as Chinese consumers show support for local brands amid trade war

It is not all doom and gloom when it comes to the US-China trade war.At a time when more than US$300 billion dollars worth of Chinese exports to the United States face increased tariffs of 25 per cent, milk tea by storied Shanghai brand White Rabbit is selling at a premium of about 2,000 per cent – all in the name of national pride.Residents are willing to pay as much as 500 yuan (US$72) for a taste of the milk tea, which normally sells for 19-23 yuan, in a black…

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Home 

White Rabbit candy leading resurgence of China’s home-grown brands as trade war shifts focus

China’s iconic White Rabbit candy, which 47 years ago was a symbol of warming US-China ties, is drawing renewed interest as part of a wave of Chinese home-grown brand fever that is building among domestic consumers amid the prolonged trade war.The milk-flavoured candy, which was presented to US president Richard Nixon during his visit to China in 1972 by then premier Zhou Enlai, is among a handful of storied Chinese brands reinventing themselves with crossover and ancillary products to entice a… Source link

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Int’l automobile exhibition attracts big brands – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Many famous brands will present their products and technology at the 16th International Exhibition on Automobile, — Photo courtesy of CIS Vietnam HÀ NỘI — Many famous brands will present their products and technology at the 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) from June 12-15 in Hà Nội. Following the success of 15 precious events, this year’s edition will be held at the Việt Nam National Convention Centre in the city. Vietnam AutoExpo is a prestigious event held annually with a large scale and high quality,…

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Vietnam 

Deputy PM wants to increase value of Vietnamese brands – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Deputy PM Vương Đình Huệ (first row, third from left) visits a booth at the exhibition held as part of the conference to review 10 years of the campaign ‘Vietnamese people prioritise using Vietnamese goods’. — VNA/VNS Photo Trần Việt  HÀ NỘI — Deputy Prime Minister Vương Đình Huệ has asked the Ministry of Industry and Trade and relevant departments to join hands to increase the value of Vietnamese brands to make inroads into international markets. He made the request at a conference on Tuesday in Hà Nội to review the 10 years of the…

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China 

Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing

High-end US fashion brands have become more reliant on China for manufacturing, making them more vulnerable to an increase in trade war tariffs, a new study shows.While imports of basic apparel items such as T-shirts and underwear can easily be shifted to lower-cost production hubs such as Vietnam, Cambodia or Bangladesh, China has become so specialised in the manufacturing of higher-value goods such as accessories and coats, that US brands may be forced to stomach the tariff hike.Research from… Source link

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