Vietnam 

Banks dominate corporate bond market in first seven months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers make transactions at a VPBank branch. VPBank was the biggest bond issuer in the last seven months with total value of nearly VNĐ13 trillion (US$552 million). — Photo courtesy of VPBank HÀ NỘI — Banks have been the main player in the corporate bond market so far this year, with eight of the top 10 biggest issuers being financial institutions. Vietnam Prosperity Bank (VPBank) topped the list with bond issuance reaching VNĐ12.86 trillion (US$552 million) in value in the first seven months of the year, the latest debt market report from MB Securities Joint Stock Company…

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Vietnam 

Securities firms with smaller capitalisation dominate derivatives broking activities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The launching ceremony of the derivatives market on August 10, 2017. – Photo tapchitaichinh.vn HÀ NỘI – After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share. In the early stages of the derivatives market, which was launched on August 10, 2017, SSI Securities Corp (SSI) held the biggest market share of 28.28 per cent. It was followed by six other brokerage firms. As of the end of 2018, three more had joined the market. VNDirect Securities…

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Vietnam 

Vietnamese goods struggle to find shelf space at home as foreign retailers dominate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Early last week Thailand’s Central Group, the owner of the supermarket chain, had sent a letter to Vietnamese vendors saying it plans to stop buying garments from this month “until further notice” to restructure the business. — Photo zing.vn BUSINESS BEAT Compiled by Thiên Lý Though Big C Vietnam’s decision to stop buying Vietnamese garments was discontinued immediately and it was soon business as usual, public opinion has yet to settle down, with many people worrying about the fate of Vietnamese goods in future. Early last…

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Messaging firm Symphony says bots to dominate financial sector communications within two years in automation wave

Symphony Communications Services, a Silicon Valley messaging start-up used by some of the world’s biggest financial-services companies, expects robot-driven traffic on its platform to surpass human initiated use within two years.A wave of workflow automation is expected to speed up transaction and regulatory compliance procedures, and reduce human errors and costs.“With stronger regulatory compliance requirements everywhere … the typical response is, let’s have more people give approval before… Source link

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How 9/11 and China’s plan for blanket surveillance helped Hikvision and Dahua dominate the global CCTV camera market

China is famous for its one-industry towns. Gurao in southern Guangdong province is known for making bras. Qiaotou in Zhejiang province produces most of the world’s buttons. The city of Tianjin to the north is a major manufacturer of bicycles.Then there is Hangzhou’s Binjiang district, east of the Qiantang River that winds through the city, about 10 kilometres from the famed West Lake, a Unesco World Heritage Site. Once mostly farmland, the Binjiang district is now home to many manufacturers,… Source link

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Panda TV’s demise makes way for gaming giant Tencent to dominate live streaming too

Last August, Wang Sicong showed up on his live streaming network Panda TV to play a game of League of Legends for his e-sports team. The flamboyant son of Wang Jianlin, one of China’s richest men, did not do great, but his team won. The professional match ended up getting a peak of 50 million concurrent viewers, according to Panda, setting a record for the platform.To give some context, the record for an individual’s live stream on US-based Twitch was 628,000 concurrent viewers, when Fortnite… Source link

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Vietnam 

Supermarkets dominate essential product sales – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Supermarkets are the top choice for consumers seeking to buy essential products, stationery or household goods followed by convenience stores (including groceries), a survey by the High Quality Vietnamese Product Business Association has found. Sales of certain items have reduced at traditional markets, but they still dominate in sales of fresh foods, it said. Though online shopping still accounts for a small proportion of retail sales, it has grown significantly, especially in the case of garments, cosmetics, stationery, and electronics and…

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High data centre rents have allowed three firms to dominate US$883 million Hong Kong market

Land scarcity and some of the highest rents in Asia-Pacific have allowed three operators of data centres to dominate the market – estimated at US$883 million – in Hong Kong. According to a report released on Wednesday by Toronto-based consultancy Structure Research, which focuses on data centre and internet infrastructure, NTT Communications, a subsidiary of Japan’s largest telecommunications company, Nippon Telegraph and Telephone Corporation, Sunevision Holdings, the technology arm of Hong Kong property developer Sun Hung Kai Properties and US-based global co-location data centre operator Equinix command 55 per cent…

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China’s plans to dominate hi-tech sector hit a stumbling block as US trade war takes its toll

Beijing’s push to dominate hi-tech industries in the next decade under the “Made in China 2025” plan has been hit by the US trade war with a number of advanced manufacturing sectors experiencing weakening demand. Production of industrial robots fell by 12.1 per cent in December from a year earlier after a drop of 7.0 per cent in November, according to data published by the National Bureau of Statistics on Monday. Meanwhile, growth in the new-energy car sector, which has been heavily subsidised by the government, slowed to 15.5 per…

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Alibaba and Tencent dominate China new economy deals as market cools to lowest level in three years

Mergers and acquisitions in China’s new economy sector fell to the lowest level in three years as Beijing tightened restrictions on companies raising money from the stock market and liquidity dried up after new rules raised the threshold for major shareholders to sell their holdings. The moves were originally aimed at curbing asset bubble and stabilising the weak stock market but had the unintended consequence of squeezing liquidity. On the A-share market, M&A activity and approval rates both dropped to the lowest level since 2015, according to a report by…

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