Vietnam 

ACV to expand Tân Sơn Nhất Airport – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The Ministry of Transport has chosen the Airports Corporation of Việt Nam (ACV) to invest in expansion of HCM City’s Tân Sơn Nhất Airport. Lê Đình Thọ, Deputy Minister of Transport, said at a meeting on Tuesday in Hà Nội that the ministry chose ACV because of its experience in the field in Việt Nam. ACV operates 21 of 22 airports in the country and has abundant capital resources. Lại Xuân Thanh, ACV chairman, said that from now to 2025 ACV…

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Singapore 

Singtel signs deal to expand mobile wallet alliance to Japan, Singapore News

SINGAPORE – Singapore Telecommunications Ltd said on Monday it has signed a partnership to enable the use of its cross-border mobile wallet platform in Japan, as the telecom operator moves ahead with its digital payments expansion. The partnership with NETSTARS, a Tokyo-based mobile payment technology company, will allow travellers to use their home mobile wallets on Singtel’s VIA network to pay digitally at stores in Japan – a popular destination for Southeast Asians. Singtel, Southeast Asia’s largest telecom operator, is keen to expand beyond its traditional carrier services into areas…

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Vietnam 

Farmers need support to expand fruit production – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Dragon fruits is a key produce in Châu Thành District, Long An Province. — Photo dangcongsan.vn LONG AN — Fruit is a key produce of provinces around the Mekong Delta. However, small-scale production and poor links from production to purchase, from process to export, are hindering the development of orchards, attendees heard at a workshop held yesterday in the Mekong Delta province of Long An. According to the Ministry of Agriculture and Rural Development, the…

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Ecommerce 

JD.com sets strategy to expand into China’s smaller cities, offline businesses

Workers talk as displays show sales data at the command centre at the headquarters of e-commerce retailer JD.com in Beijing, Sunday, November 11, 2018. Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. (AP Photo/Mark Schiefelbein) Source link

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Vietnam 

Banks allowed to expand network size in New Year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers make transactions at a LienVietPostBank office in Hà Nội. – Photo LienVietPostBank Viet Nam News Bắc Á Bank has been given permission to open seven transaction offices and four branches in Thái Nguyên, Bắc Giang, Hà Nam, Lâm Đồng, Lạng Sơn, Hà Giang, Long An and Bình Định. In the last quarter of 2018, the bank also gained approval to open five branches and 30 transaction offices across the country. On February 14, SBV Governor Lê Minh Hưng also permitted LienVietPostBank to open five transaction offices…

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Home 

Singapore’s Zilingo raises US$226 million to expand fashion site inspired by Bangkok’s Chatuchak market

Zilingo, a Singapore-based online fashion marketplace, raised US$226 million to fund an expansion into the Philippines, Indonesia and Australia. Investors in the series D financing included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina and EDBI, the company said on Tuesday without disclosing a valuation. The start-up is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Zilingo, founded by Ankiti Bose and Dhruv Kapoor, started as a fashion and lifestyle marketplace in 2015 to help small…

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Home 

How China can avoid 2 per cent growth nightmare: cut interest rates, expand money supply and ramp up deficit spending

China’s growth slowdown is reaching crisis point. How bad could it be? Very bad, judging by the weaker signals coming out of China right now. Its 2019 GDP growth rate could end up well outside the consensus range of expectations, which has been between 5 and 7 per cent. Negative forces are building and China could hit a brick wall very soon with economic expansion collapsing, sinking to as low as 2 per cent in the worst-case scenario. A hard landing on such a scale would be unprecedented, catastrophic and…

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Vietnam 

Thanh Hóa to expand Nghi Sơn EZ – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Nghi Sơn Economic Zone in the central province of Thanh Hóa will be expanded to 106,000 ha, ten times larger than its initial planned size, in order to meet business demand and turn the area into a driving force for the socio-economic development of the province and the north-central region. The new master plan was announced by the Ministry of Construction and provincial authorities in Tĩnh Gia District on Wednesday. It includes nearly 66,500ha of land and more than 39,500ha of…

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Vietnam 

FDI firms expand in local textile-garment sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts. German-based Amann Group, one of the world’s top three leading producers of high-quality sewing and embroidery thread, is expanding its network to Việt Nam with a new factory being constructed in Tam Thăng Industrial Park in the central province of Quảng Nam.…

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Vietnam 

More banks permitted to expand credit growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The credit quota for Military Bank has been lifted from 15 per cent to 17 per cent for 2018. – Photo MB Viet Nam News HÀ NỘI –– The State Bank of Việt Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018. The credit quota for Military Bank (MB) has been lifted from 15 per cent allocated at the beginning of the year to its new level of 17 per cent, the Bản Việt Securities Company reported. Credit expansion…

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