Vietnam 

VN, Cuba seek to expand investment, trade ties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz speaks at the seminar on business co-operation opportunities between the two countries heard in HCM City on September 13. — VNS Photo HCM CITY — Trade and investment ties between Việt Nam and Cuba are not commensurate with their potential and there is a lot of room for them to grow, a seminar on business co-operation opportunities between the two countries heard in HCM City yesterday. Deputy Minister of Construction Lê Quang Hùng said bilateral trade and investment ties…

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Vietnam 

Việt Nam and Middle East, Africa have various potentials to expand co-operation: Deputy PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh shakes hands with Ambassadors from Africa at the ‘Meet Ambassadors from the Middle East and Africa 2019’ event in Hà Nội yesterday.—VNA/VNS Photo Trương Vị HÀ NỘI — Việt Nam and Middle Eastern and African countries have a lot of room to tap their co-operation potential, Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh told Middle Eastern and African ambassadors at an event in Hà Nội yesterday. The ‘Meet Ambassadors from the Middle East and Africa 2019’ event, being hosted by Vietnamese…

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Vietnam 

Thai firm to expand power plants to VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Gulf plans to import liquefied natural gas (LNG) as fuel for the project in Việt Nam. — Photo courtesy of Gulf   HÀ NỘI — Thailand’s Gulf Energy Development PCL has submitted a power generation plan to the Government of Việt Nam to develop a gas-fired power plant with an initial capacity of 6,000 megawatts (MW), according to the Bangkok Post. According to Ratthaphol Cheunsomchit, deputy chief executive of Gulf, the firm plans to import liquefied natural gas (LNG) as fuel for the project in Việt Nam. Besides Việt Nam,…

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Huawei, ZTE expand share in global telecoms gear, but all eyes are on the second half amid trade tensions

Huawei Technologies and ZTE Corp have expanded their market share in the global telecommunications equipment market in the first half of this year, despite increased scrutiny about the security of their products and increased tensions in the US-China trade war.Shenzhen-based Huawei, the world’s largest telecoms gear supplier, saw its global share reach 28.1 per cent at the end of June, up from about 27 per cent at the end of December, according to a report on Thursday by California-based Dell… Source link

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Vietnam 

SOCO aims to expand investment in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy PM Trịnh Đình Dũng (second, right) and Soco International Plc CEO Ed Story (middle) meet on August 28. — VNA/VNS Photo Văn Điệp HÀ NỘI — London-based SOCO International Plc hopes to expand its investment, exploration and exploitation, and improve the output of oil and gas in Vietnam, SOCO President and CEO Ed Story said on Wednesday. At a meeting with Deputy Prime Minister Trịnh Đình Dũng in Hà Nội, Story said the group has invested more than US$1 billion in the oil and gas sector in Việt Nam…

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Vietnam 

Korean firms to expand investment in electricity in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers of Hanoi Electricity Corporation. According to the Republic of Korea’s Consulate General, many Korean enterprises are particularly interested in smart grid solutions in combination with 5G. — Photo Hoa Việt Cường HÀ NỘI — The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to increase investment in Việt Nam, especially in the manufacturing of electronic equipment and developing smart grids. While analysing the potential to develop electronic equipment, smart grids and clean energy, RoK Consul General Lim Jae-Hoon said Việt Nam’s electricity consumption increased by…

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Malaysia’s sovereign wealth fund appoints SenseTime founder to board as it seeks to expand tech investments

Malaysia’s sovereign wealth fund has appointed the founder of artificial intelligence start-up SenseTime as a board member – marking the first time a foreign national has been formally appointed to such a position at Khazanah Nasional.Tang Xiao’ou, a mainland Chinese national and professor at Chinese University of Hong Kong, will advise on AI-related matters, according to an announcement on Monday.The fund also appointed Malaysian national Lau Seng Yee, senior executive vice president and… Source link

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Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances

Didi Chuxing has invested an undisclosed amount in OnTime, a new ride-hailing service provider backed by Tencent Holdings, in a move that widens its strategic alliances as competition in the domestic market heats up.Beijing-based Didi, operator of China’s largest ride-hailing platform, announced that deal as part of an agreement with Guangzhou Automobile Group Co (GAC Group) to expand their partnership into areas such as ride-hailing operations, fleet management, autonomous driving and other… Source link

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Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition

FWD Group is in advanced talks to buy MetLife’s Hong Kong insurance unit in what would be the latest in a string of acquisitions by the insurer backed by billionaire Richard Li, people familiar with the matter said.The companies could reach an agreement in the next few weeks, the people said, asking not to be identified because the discussions are private. A deal could value MetLife Hong Kong at less than US$400 million and would help FWD boost its presence in the former British colony, the… Source link

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Gaming company Razer to expand payments network to 54 million merchants via tie-up with Visa

Gaming hardware company Razer is expanding its payments network through a partnership with Visa, which will allow Razer’s e-wallet users to pay at 54 million Visa merchants globally.Without the need for a bank account or a credit card, up to 60 million users of Razer’s online payments service, Razer Pay, will be able to use the newly-developed virtual prepaid solution by Visa in their e-wallet to make payments wherever Visa is accepted, according to an announcement by Razer’s fintech arm and… Source link

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