Vietnam 

US to approve direct flights from Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. — Photo zing.vn Viet Nam News HÀ NỘI — The United States’ Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Việt Nam soon, allowing its airlines to fly to the US and codeshare with US carriers, according to the Straits Times. National flag carrier Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. There are…

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Vietnam 

Nagoya-Đà Nẵng direct flight set to launch in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A new terminal was opened at Đà Nẵng international Airport to host the increasing number of tourists visiting the city. A new direct flight between Đà Nẵng and Nagoya, Japan will launch later in 2019. — VNS Photo Trần Lê Lâm Viet Nam News ĐÀ NẴNG — The central city’s international airport administration, in co-operation with Chubu Centrair airport, Japan, plans to launch daily direct flights connecting Đà Nẵng and Nagoya later this year. Director of Đà…

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Home 

Message platform Slack moves ahead with direct listing plans in the US

Slack Technologies Inc. has filed with regulators to go public in the US without disclosing details of its share-sale plans. The messaging platform company, previously reported to be pursuing a direct listing of its stock, said in a statement Monday that it had submitted a confidential filing with the Securities and Exchange Commission. Slack is working with Goldman Sachs Group Inc., Morgan Stanley and Allen & Co. on the share sale, according to a person familiar with the matter who asked not to be identified because the matter wasn’t public.…

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Home 

Dublin to build on popularity among Chinese tourists, wants more direct flights to Hong Kong

Ireland is keen to expand the number of flights between Hong Kong and Dublin this summer, with the aim of attracting more Chinese tourists, Michael D’Arcy, minister of state of the Republic of Ireland’s Finance Department, said in an interview. The Cathay Pacific service to Dublin that started in June 2018 runs four times a week, and D’Arcy is negotiating for an expansion to five or six flights a week. The Hong Kong service is the first between an Asian city and Dublin, followed by Beijing, and has contributed to…

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Home 

Tesla’s US$5 billion Gigafactory helps Shanghai record increase in foreign direct investment for 2018

Shanghai, mainland China’s commercial and financial capital, shrugged off the US-China trade war to record an annual increase in foreign direct investment in 2018 – driven in no small part by Tesla’s plan to build its first plant outside the United States in the city’s free-trade zone. Capital committed by investors that will be received in the future, or contracted foreign funds, rose by 16.8 per cent to US$46.9 billion, according to the Shanghai Municipal Statistics Bureau. The foreign funds actually received last year hit US$17.3 billion, up 1.7 per…

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Home 

Chinese direct investment in US and Europe falls by 73 per cent to a six-year low as firms face tougher scrutiny

China’s direct investment into North America and Europe fell by almost three quarters in 2018 to a six-year low of US$30 billion, according to international law firm Baker McKenzie. One of the main reasons for the huge drop was the high number of deals that were cancelled or blocked by foreign regulators amid heightened scrutiny of Chinese firms’ acquisitions. Regulators pulled the plug on 21 Chinese takeovers last year, seven in Europe and 14 in North America, worth a combined US$5.5 billion, according to a report released by Baker McKenzie…

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China 

China’s foreign direct investment plunges 27.6 per cent in November on trade war worries

Foreign investment in China fell sharply in November as concerns over the tariff battle between China and the United States hit investor confidence. According to figures released by the Ministry of Commerce on Thursday, foreign direct investment (FDI) in the month fell 27.6 per cent year on year to US$13.6 billion. The slide came despite Beijing making the stabilisation of foreign investment one of its top economic policy priorities. Although even before November, the FDI growth rate had being slowing for the past three months, hitting a four-month low of…

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Home 

Prenetics is first Hong Kong firm to take genetic test kit for cancer risk direct to consumers

Prenetics, a Hong Kong-based biotechnology start-up, is about to become the first home-grown company to sell genetic profiling kits that test for the risk of cancer directly to the consumer. Until now the four-year-old company, backed by Alibaba Group Holding, Ping An Insurance Group and Lippo Group, has supplied non-clinical genetic test kits to insurers, who then pass them on as gifts to their policyholders. On Thursday, it will venture into direct sales for the first time via its online platform and health food retailer Green Common’s shops. The kit…

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Vietnam 

Vietjet’s first direct flight from VN to Japan touches down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The passengers of Vietjet’s first Hà Nội-Osaka flight pose for a photo. — VNS Photo Viet Nam News OSAKA — New-age carrier Vietjet’s first ever flights connecting Việt Nam and Japan launched on Thurday on a new Hà Nội–Osaka route which is expected to further boost tourism and trade integration between the two countries. “We are honoured that Kansai International Airport has been chosen as Vietjet’s first destination in Japan from Hà Nội and soon from HCM City,” said Jeremy Goldstrich, Corporate Executive Vice President and Chief Operating Officer of…

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Vietnam 

Busan-Đà Nẵng direct flight opens – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Korean Air celebrates its direct flight from Busan to Đà Nẵng with a ceremony at Đà Nẵng Airport. — Photo courtesy Thùy Linh Viet Nam News ĐÀ NẴNG — Korean Air has launched a direct flight to connect Đà Nẵng with Busan, Korea, offering 21 flights per week between the two cities. The airline said the route’s first flight landed at Đà Nẵng International Airport at midnight on October 29. It said the new route, which uses the Boeing B737-900, will help meet the increasing demand of…

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