PM calls on Việt Nam, Norway to expand economic cooperation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc (left) meets Vietnamese business delegates at the Việt Nam-Norway Business Forum on Friday. — VNA/VNS Photo Thống Nhất OSLO — Prime Minister Nguyễn Xuân Phúc highlighted potentials for Việt Nam and Norway to enhance economic cooperation, especially in renewable energy, industry and aquaculture, at the Việt Nam – Norway Business Forum in Oslo on Friday. Addressing at the event as part of the activities in his ongoing official visit to Norway, the Government leader said that the bilateral political relations in recent years have…

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China 

Donald Trump’s trade war and Huawei ban push China to rethink economic ties with US

The decision by the United States to impose tariffs on all Chinese products and put smartphone maker Huawei on a trade blacklist that could choke off vital components has severely damaged the fragile trust between the two countries, forcing China to re-examine the entire bilateral economic relationship to protect itself, according to Chinese researchers.China is still open to resuming talks to end the trade war and refuses to believe that a “decoupling” of the world’s two largest economies is… Source link

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Việt Nam-Russia economic, trade relations thrive – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Clothing is produced at May 10 Textile and Garments Corporation for export. — VNA/VNS Photo Trần Việt HÀ NỘI — Economic and trade relations between Việt Nam and Russia have been growing consistently, according to the Ministry of Industry and Trade. The two countries established a strategic partnership in 2001 and upgraded it to the level of a comprehensive strategic partnership in 2012.  Bilateral trade enjoyed a surge after the Eurasian Economic Union (EAEU)-Việt Nam Free Trade Agreement took effect in 2016. The effective implementation of the trade deal…

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Global 

Trade war could slice 1 per cent off China’s economic growth, top party official says

The US-China trade war could slash one percentage point off Beijing’s economic growth this year, a senior Chinese policymaker said on Thursday.Speaking to a group of Taiwanese businesspeople whose companies are based in mainland China, Wang Yang – one of the seven members of the elite Politburo Standing Committee – said that the government had assessed the impact of the near year-long dispute and estimated that in the worst case scenario gross domestic product growth would be one percentage… Source link

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Vietnam 

VN needs to improve economic resilience: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hà Tây Chemical Weave Company Limited in Hà Nội’s Đan Phượng District specialises  in producing footwear products. Vietnamese firms are urged to enhance competitiveness. — VNA/VNS Photo Trần Việt HÀ NỘI — It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hà Nội on Wednesday. Senior economist from the Bank for Investment and Development of Việt Nam Cấn Văn Lực spoke at the conference about economic stability and business competitiveness held by the Institute for Brand and Competitiveness Strategy. Lực said…

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Vietnam 

First Overseas Vietnamese Economic Forum to be held in South Korea – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Songdo Covensia Convention Centre in Incheon where the first Overseas Vietnamese Economic Forum will take place. — Photo thuonghieuvaphapluat.vn HÀ NỘI — The first Overseas Vietnamese Economic Forum (OVECOF) will take place at the Songdo Covensia Convention Centre in Incheon, South Korea from June 6-9. Organised by the Business Association of Overseas Vietnamese and the Vietnamese Business Association in South Korea (VIBAK),  the event is expected to attract 300 Vietnamese business people and hundreds of South Korean partners. The event will include exhibitions and other activities designed to promote trade, exchange and technology transfer, and build a network between domestic and overseas Vietnamese…

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China 

Brain drain in China’s rust belt exacerbated by economic decline as talent competition heats up

In 1996 not long after graduating from a vocational school with some computer skills Liu Qingfeng left Liaoyuan, a once coal-rich town in northeastern Chinese province of Jilin. It was a period of massive lay-offs in state-owned enterprises that were enduring brutal government-mandated reforms.Over the next two decades, Liu travelled between Shanghai, Shenzhen and Beijing, taking jobs in hospitals, investing in an electric vehicle rental business and setting up his own online marketing firm in… Source link

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China 

Fidel Castro’s part in shaping China’s economic link with Venezuela revealed by former bank governor

It started with a one-on-one meeting with then Cuban leader Fidel Castro in Havana in November 2004. The meeting went on for four hours, during which time Chen Yuan, then governor of the China Development Bank (CDB), presented a photo album about his father Chen Yun – a senior Chinese Communist Party official – to Castro, who had ruled Cuba since 1976. Castro started recalling his visits to China and meetings with Communist Party chairman Mao Zedong and China’s first premier, Zhou Enlai.The… Source link

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China 

China bank lending slows more than expected in April, raising concerns about economic outlook

China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of heightened trade tensions with the United States.Banks made 1.02 trillion yuan (US$150 billion) of new yuan loans in April, lower than market expectations for 1.2 trillion yuan in loans and the 1.69 trillion yuan in new lending in March, according to data released by the People’s Bank of China (PBOC… Source link

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Home 

Trump’s economic sanctions on Iran are doomed to fail, as a century of experience reveals

The sanctions imposed on Iran by US President Donald Trump have begun to bite the country’s economy hard. Inflation, seemingly defeated by President Hassan Rouhani, has returned with a vengeance, hitting 31 per cent in 2018. According to the International Monetary Fund, the economy is poised to shrink by 6 per cent this year, and inflation could reach 37 per cent.Many industries are experiencing severe difficulties, and unemployment is mounting. Aiming to cut Iranian oil exports to zero, Trump… Source link

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