Vietnam 

Processing and manufacturing firms expect to perform better in Q2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI – Up to 89.4 per cent of enterprises in the processing and manufacturing industry expect to perform better in the second quarter of 2019, according to the General Statistics Office (GSO). Meanwhile, 10.6 per cent said production and business are going to be more difficult. The predictions are based on a survey conducted by the GSO of more than 6,500 processing and manufacturing firms in 63 cities and provinces nationwide. About 91.3 per cent of foreign direct investment (FDI) enterprises in the processing and manufacturing industry were optimistic that their business situation…

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Vietnam 

Oil uptrend lifts VN stocks for seventh day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Gas exploration at Bạch Hổ Well, 145 kilometres away from Bà Rịa-Vũng Tàu Province’s coast to the southeast. Petroleum stocks helped boost the Vietnamese market on Monday as oil prices went up on expectations for lower global supply. – VNA/VNS Photo Hiền Anh HÀ NỘI – Vietnamese shares soared on Monday as increasing oil prices helped boost the performance of petroleum companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange surged 1.09 per cent to close at 987.13 points. The VN-Index has gained 4.23 per cent since May…

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Vietnam 

Land clearance for expressway should be completed soon: ministry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY Officials have been told by the Ministry of Transport to finish land clearance for the ongoing Bến Lức-Long Thành Expressway project, which has been delayed because of several problems. Nguyễn Ngọc Đông, deputy minister of Transport, said the Bến Lức-Long Thành Expressway (connecting Long An Province to Đồng Nai Province) was lagging behind schedule due to difficulties in land clearance compensation in HCM City and Đồng Nai Province. For example, HCM City’s Bình Chánh has around 26 households that have not handed over their land, some of which have…

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Vietnam 

Power tariffs should have been increased more: MoIT – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  EVN engineers repair power lines. EVN ensured all procedures in calculating power bills to customers after the rise. — Photo courtesy of EVN HÀ NỘI — Electricity retail prices should have been raised by 9.26 per cent instead of 8.36 per cent if Việt Nam Electricity (EVN) had correctly calculated the VNĐ3.26 trillion foreign exchange rate difference in 2018 into its power production costs. The information was released by the Ministry of Industry and Trade (MoIT) in a report to Prime Minister Nguyễn Xuân Phúc. Electricity tariffs were raised by 8.36 per…

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Vietnam 

Legal framework needed to promote OTT media services – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  ClipTV – an over-the-top app.  Việt Nam needs to raise an appropriate legal framework to promote the development of OTT media services in the context that the Government was striving to build a digital economy. — Photo cafef.vn HÀ NỘI – Việt Nam needed to build a legal framework to promote the development of over-the-top (OTT) media services as the Government strives to build a digital economy and accelerate digital transformation, experts have said. Nguyễn Quang Đồng, director of the Institute for Policy Studies and Media Development, said OTT media services, including video-on-demand (VOD), were different from traditional broadcasting services,…

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Vietnam 

Hà Nội set to host banking expo – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Banking Vietnam 2019 introduced at the State Bank of Vietnam’s press conference on Monday. — Photo cafef.vn HÀ NỘI — The 2019 Banking Vietnam to be held on May 30 in Hà Nội will display new technological advancements and applications in the financial-banking sector. It is an annual event organised by the State Bank of Việt Nam (SBV) and the International Data Group (IDG) that focuses on comprehensive financial solutions for the development of a non-cash economy. New products and services that improve access to banking services and provide additional…

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Global 

Michael Bloomberg to host second edition of New Economy Forum in Beijing as planned in November

A high-profile global forum launched by US media mogul Michael Bloomberg to rival the World Economic Forum in Davos will be held in Beijing in November, after the inaugural edition had to be moved to Singapore last year because of a scheduling conflict.More than 500 top business and government leaders will attend the second iteration of the New Economy Forum, hosted by Bloomberg’s company and a Chinese government-backed think tank from November 20 to 22, according to a statement by Bloomberg… Source link

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Home 

The US will lose badly in the trade war with China and imperil the world economy if both countries don’t cooperate

The world is taking leave of its senses and falling down the rabbit hole of a deepening global trade war, economic shocks and political instability. The post-war world order is breaking down, multilateralism is giving way to national self-interest and the political forums for peaceful debate are failing.It’s time for someone to step forward and show stronger leadership before the world sinks back to where the 2008 financial crisis left off. Right now, the world is in self-harm mode and deeply… Source link

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Brazil envoy calls for tapping bilateral trade potential – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Brazilian and Vietnamese delegates at the business seminar last Friday. — VNA/VNS Photo Văn Điệp HÀ NỘI — There is great potential to expand and diversify trade between Việt Nam and Brazil, and the two governments should enable that potential to be tapped into, the Brazilian ambassador to Việt Nam has said. At a Việt Nam-Brazil business seminar held in Hà Nội last Friday, Fernando Apparicio da Silva said the countries had made great strides in diplomatic relations in the last 30 years. Their leaders had held regular meetings and…

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Vietnam 

Alibaba Cloud, China Telecom, Google Cloud, HUAWEI CLOUD McAfee – Catch them all in one place at Cloud Expo Asia, Hong Kong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HONG KONG, CHINA – Media OutReach – 20 May 2019 – With just two days to go until doors open from 22 – 23 May at the Hong Kong Convention and Exhibition Centre (HKCEC) for the fourth edition of North Asia’s largest technology business event stack, Cloud Expo Asia and its co-located events, have received over 12,000 registrations comprising industry professionals from Estonia, Pakistan, Thailand, Germany, Korea, France and Greater China.  At the annual free-to-attend event, attendees can source the latest products and solutions from over 280 tier 1 solutions leaders specialising in Cloud…

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