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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Home 

Xtep expands its sports brands portfolio with US$260 million takeover of K-Swiss, Palladium, Supra, PLDM and KR3W

Xtep International Holdings, one of the three Fujian shoemakers listed on the Hong Kong exchange, is taking another step to assemble a high-end portfolio of global brands to broaden its product range, following its US$260 million takeover of E-Land Footwear USA Holdings.The company, based in Quanzhou city, bought 100 per cent of E-Land Footwear – the owner of such brands as K-Swiss, Palladium, Supra, PLDM and KR3W – as part of its strategy to build a multi-brand portfolio. Earlier in March,… Source link

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Vietnam 

VN poised to become manufacturer of established global brands – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Clothing at TNG Đại Từ Factory run by TNG Investment and Trade JSC at Phú Lạc Industrial Park, Thái Nguyên Province. Competitive labour costs and preferential policies will continue to help Việt Nam become an ideal destination for investors in the garment and textile sector. — VNA/VNS Photo Hoàng Nguyên HCM CITY — Việt Nam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world’s established brands”, a trade and investment official has said. Phạm…

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Home 

Huawei security concerns are further eroding trust in Chinese brands, survey says

While building a trustworthy brand outside their home market has always been a tough task for Chinese companies, it has become more challenging because of the ongoing travails of Huawei Technologies.The global market’s perception of Chinese brands, which was already poor, has become progressively worse because of the troubles of telecommunications equipment manufacturer Huawei, according to a new survey by US-based communications marketing firm Edelman.“The Huawei factor is significant” in the… Source link

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China 

Hong Kong-listed Prada joins luxury brands in lowering prices in China

Prada has joined other luxury brands in reducing prices to reflect lower value-added tax in China, but analysts and buyers are doubtful whether this is enough to boost sales in China amid a softening in consumption.From April 1, Prada Group has reduced prices on all Prada and Miu Miu products sold through its directly operated stores in China and online by 3 per cent, the company said in an email on Wednesday evening.China lowered its VAT for the manufacturing sector from 16 to 13 per cent… Source link

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Singapore 

HSA recalls three brands of high blood pressure drug losartan over cancer risk, Singapore News

SINGAPORE – Three brands of a medicine prescribed for high blood pressure are being recalled because they contain higher than acceptable amounts of nitrosamine impurity, which can potentially cause cancer. However, patients currently taking these three brands of losartan are advised not to stop taking the medicine, as the immediate health risk is low, the Health Sciences Authority said in a statement on Thursday (March 28). The drugs affected are the 50mg and 100mg tablets from these brands: Hypergen, Losagen and Losartas. The Ministry of Health (MOH) said that about…

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Home 

China smartphone makers spin off secondary brands to go upscale

China’s four biggest smartphone makers are sharpening their focus on the fast-growing premium handset segment by spinning off secondary brands, as the industry braces for another year of decreased shipments around the world.Oppo, China’s second largest smartphone vendor, is set to introduce next month its Reno brand, which will provide a range of 5G and non-5G premium handsets.That would follow No 3 player Vivo’s launch earlier this month of its iQoo gaming smartphone brand. In January, Xiaomi… Source link

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Ecommerce 

Amazon unveils self-service tool for brands to take down counterfeit listings

epa07269319 (FILE) – A view of Amazon packages at the ‘Deutsche Post’ DHL shipping Centre in Rheinberg, Germany, 28 November 2017 (reissued 08 January 2019). Reports on 08 January 2019 state Amazon has reached the world’s most valuable company status at the close of US stock markets on Monday, 07 January 2019. Amazon eclipsed Microsoft’s market value of 789 billion USD and rose to the top of list with 797 billion USD in market value. EPA-EFE/FRIEDEMANN VOGEL Source link

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