Vietnam 

HCM City export processing zones need revamp as FDI drops – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Experts have recommended a number of measures to increase foreign direct investment (FDI) in HCM City’s export processing zones (EPZs) and industrial zones (IPs).      Infrastructure in the EPZs and IPs, most of which were set up in the 1990s, has deteriorated, especially wastewater treatment facilities. A number of centralised wastewater treatment systems, for example, have been found in violation of environmental regulations. In addition, many enterprises that want to expand their business face challenges as available land for rent in…

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Home 

Pork producer WH Group calls for end of trade war, as 2018 profit drops 4 per cent

China’s WH Group, the world’s largest pork producer, called for an end to the US-China trade war on Friday, citing higher tariffs on US exports to China as one factor weighing negatively on its underlying business.The outbreak of the African swine fever and rising meat production in the US were also negative headwinds, the company said.Net profit for 2018 fell 4 per cent to US$1.05 billion, WH Group said in filing on Friday.Revenue was up 1 per cent to US$22.61 billion, slightly beating… Source link

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Tencent-backed Chinese movie ticketing app Maoyan drops by 1.6 per cent on Hong Kong trading debut

Maoyan Entertainment, China’s biggest movie ticketing app, dropped by about 2 per cent on its closely watched trading debut on Monday in Hong Kong. In a shortened session ahead of Lunar New Year, Maoyan’s shares declined by 1.6 per cent to HK$14.56 in mid-morning trade. The stock had at one point been down by as much as 3 per cent, before it moved higher. The company priced its shares at HK$14.56, the low end of its anticipated price range, and the listing was moderately oversubscribed, the company said on Friday.…

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Vietnam 

VN-Index drops before US-China talks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The VN-Index ended Wednesday down due to weak demand and investor caution ahead of policy guidance from the US Federal Reserve and the outcome of US-China trade talks. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.01 per cent to close at 915.84 points. The southern market index rose 0.41 per cent to close at 915.93 points on Tuesday. The HNX Index on the Ha Noi Stock Exchange gained 0.43 per cent to end at 102.81 points.…

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Vietnam 

VN drops on global talent index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam ranked 92 out of 125 countries in the 2019 GTCI. — VNS Photo Viet Nam News HÀ NỘI — Việt Nam ranked 92 out of 125 countries in the 2019 Global Talent Competitiveness Index (2019 GTCI), a report assessing the competitiveness of countries’ human resources. Compared to last year, the results of this year’s GTCI report showed that Việt Nam slipped five places. This is the fourth consecutive year that Việt Nam has been downgraded on the talent competitiveness index. Last year, the country…

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Property 

What a difference nine months make – price of Mount Nicholson home drops by US$7 million

A home in Hong Kong’s ultra-exclusive Mount Nicholson neighbourhood on The Peak is the latest victim of souring sentiment in the world’s most expensive property market. On Monday, House 16 sold for 7.4 per cent less – or HK$58.12 million (US$7.42 million) – than House 17, which was sold in April this year. According to the Sales of First-hand Residential Properties Authority, House 16, with an area of 7,978 sq ft, sold for HK$721.88 million, or HK$90,484 per square foot. House 17, in contrast, with an area of 7,984 sq…

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Vietnam 

VN-Index drops for eighth session – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The VN-Index fell for an eighth consecutive session on Monday due to increased selling pressure at the end of the trading session. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.41 per cent to close at 908.56 points. The southern market fell a total 4.18 per cent after all five trading days of last week. The HNX Index on the Hà Nội Stock Exchange dropped 1.06 per cent to end at 103.34 points. The northern…

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Vietnam 

Petrol price drops again – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The retail price of biofuel E5 RON 92 fell sharply by VNĐ1,446 to a maximum of VNĐ17,181 (US$0.73) per litre by 3pm on Thursday, the ministries of Industry and Trade and Finance announced. The price of RON 95-III also dropped by VNĐ1,513 to a maximum of VNĐ18,459 per litre. Meanwhile, the prices of diesel 0.05S and kerosene were also reduced by VNĐ1,379 and VNĐ990 per litre to trade at VNĐ16,258 and VNĐ15,252 per litre, respectively. The price of mazut 180CST was…

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Vietnam 

November’s CPI drops for first time since 2014 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s consumer price index (CPI) fell in November as the cost of fuel and a range of other products fell, a sign showing the Government’s target of capping the index at around 4 per cent this year was within reach. Updates from the General Statistics Office on Thursday showed that CPI slipped by 0.29 per cent in November after inching up by 0.33 per cent in October. This is the first time November’s CPI has dropped since 2014. Compared to…

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