Vietnam 

Việt Nam’s credit growth expands by 5.07% in five months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The credit growth in the first five months of 2019 was lower than that of the same period last year, when the credit rose by 6.16 per cent. VNA/VNS Photo HÀ NỘI The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported. The rise was lower than that of the same period last year, when the credit rose by 6.16 per cent. Despite the moderation of…

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Hang Seng Indexes launches two new ESG benchmarks, expands Greater Bay Area Index series tracking innovative firms

Hang Seng Indexeson Tuesday launched two new indices tracking the environmental, social and corporate governance performance of listed companies, expanding its portfolio of benchmarks for investors interested in socially responsible investment strategies.It also launched a third index that tracks innovative companies in the Greater Bay Area.The wholly-owned subsidiary of Hang Seng Bank manages and compiles gauges covering stocks and bonds listed in Hong Kong and mainland China markets,The HSI… Source link

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Vietnam 

Việt Nam’s credit growth expands in first months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamese banks’ mobilised capital as of April 17 increased by 2.69 per cent compared to the end of 2018. — VNA/VNS Photo HÀ NỘI — The credit growth of Vietnamese banks as of April 17 this year had expanded by 3.23 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported. The rise was lower than that of the same period last year, when the credit rose by 5 per cent. Lending rates in the period averaged 6 to 9 per cent per year…

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Xtep expands its sports brands portfolio with US$260 million takeover of K-Swiss, Palladium, Supra, PLDM and KR3W

Xtep International Holdings, one of the three Fujian shoemakers listed on the Hong Kong exchange, is taking another step to assemble a high-end portfolio of global brands to broaden its product range, following its US$260 million takeover of E-Land Footwear USA Holdings.The company, based in Quanzhou city, bought 100 per cent of E-Land Footwear – the owner of such brands as K-Swiss, Palladium, Supra, PLDM and KR3W – as part of its strategy to build a multi-brand portfolio. Earlier in March,… Source link

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Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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Vietnam 

Vietjet expands international network – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The inaugural ceremony for the commercial launch of Hong Kong – Phú Quốc route. — VNS  Photo HONG KONG — Low-cost carrier Vietjet on Tuesday announced its operation plan for the Hong Kong market and the launch of a new route linking Phú Quốc and Hong Kong, one of Asia’s most well-known destinations. The Phú Quốc – Hong Kong route will operate return flights with a frequency of four flights per week, starting from April 19. With a flight time of two hours and 45 minutes per leg, the flight will…

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Vietnam 

Emerging East Asia bond market expands but concerns persist – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News MANILA — Investor sentiment toward emerging East Asia’s local currency bond markets has improved but there are concerns about financial stability in the region, including ongoing trade conflicts, according to the Asian Development Bank’s (ADB) latest issue of the quarterly Asia Bond Monitor.  At the end of 2018, there were US$13.1 trillion in local currency bonds outstanding in emerging East Asia, 2.4 per cent more than at the end of September 2018 and 11.9 per cent more than at the end of 2017. Yields have…

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Vietnam 

Việt Nam’s credit growth expands 0.77% in two months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s credit growth in the first two months of this year expanded by just 0.77 per cent against the end of 2018, the lowest level in the past few years, reports from the Ministry of Planning and Investment (MPI) showed. The rise in the same period in 2018 and 2017 was nearly 2 per cent.    During the two-month period, mobilised capital rose by 1 per cent, with interest rates tending to rise in the few weeks before the Lunar…

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US certifier expands in Hong Kong as man-made diamonds sparkle among millennials

Diamond grading and certification services provider Gemological Institute of America has opened a new, larger lab in Hong Kong, partly with the aim of differentiating between “lab-grown” stones and those found in nature.The increasing popularity of man-made stones among millennials has stoked demand for services to differentiate these from diamonds found in nature, said Susan Jacques, chief executive of the California-based non-profit organisation.Thomas Moses, executive vice-president as well… Source link

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Vietnam 

Cognex expands presence in ASEAN market, targeting Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News SINGAPORE — Việt Nam was an impressive emerging market with a rapid increase of foreign direct investment (FDI) as well as the appearance of mega-factories in recent years, stimulating technology corporations to expand their presence here. The statement was made by Eric Moon, vice president and head of Asia sales at Cognex Corporation at the launch of its new office on Monday in Singapore. Cognex Corporation is one of the world’s leading suppliers of industrial barcode readers and machine vision. The expansion in…

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