Vietnam 

Promoting renewable energy an urgent requirement: Experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A solar power plant in Tây Ninh Province. With demand for energy increasing, the efficient use of energy and promoting renewable energy have become urgent requirements. — Photo courtesy of TTC HCM CITY — Along with its rapid economic growth, Việt Nam’s electricity demand is also increasing strongly, at around 10 per cent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade. Trương Thanh Hoài, director general of the ministry’s industry department, said the country’s total electricity…

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Global 

China to implement more economic stimulus despite growing debt and weak yuan, experts agree

China is likely to implement more economic stimulus policies in the second half of the year to steady growth even though this will further increase already high debt levels and put downward pressure on the yuan exchange rate, according to economists and analysts.Growth fell to a record low of 6.2 per cent in the second quarter of 2019, down from 6.4 per cent, reflecting not only the shock from the protracted trade war with the United States but also the difficulties Beijing is facing in… Source link

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Vietnam 

Rising FDI calls for better supporting industry: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The amount of FDI pouring into Việt Nam is rising, but businesses in the supporting industry still cannot satisfy manufacturers’ demands, leading to a low localisation rate. — VNA/VNS Photo An Hiếu HCM CITY — The domestic supporting industry needs to improve to take advantage of foreign direct investment (FDI) pouring into Việt Nam, experts have urged. In the first six months of the year, Việt Nam attracted more than 1,720 new FDI projects with total registered capital of nearly US$7.5 billion, according to the General Department of Statistics. The period also saw $9.1 billion of FDI being disbursed, an 8.1 per cent increase from the…

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Vietnam 

Mechanical engineering industry needs more Govt support for growth, experts say – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  At a mechanical products factory. The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution. — VNA/VNS Photo Xuân Hương HCM CITY — The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said. Phạm Xuân Đà, head of the Ministry of Science and Technology’s southern affairs, said the industry plays an important role in manufacturing, which is the backbone of the economy. “Although the [Government’s]…

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Vietnam 

Experts urge Vietnamese enterprises to protect their IP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Denis Croze, director of the regional office of the World Intellectual Property Organisation  (WIPO) in ASEAN, shared about reliable platforms to register trademark protection. VNS Photo Minh Thu   HÀ NỘI — Vietnamese designs and trademarks are being violated abroad as firms don’t pay enough attention to registering their intellectual property (IP), a top official has said. Vũ Tiến Lộc, President of the Vietnamese Chamber of Commerce and Industry (VCCI), made the statement at the one-day ‘Protecting Designs and Trademarks for Vietnamese Enterprises’ conference yesterday in Hà Nội. “Vietnamese…

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Vietnam 

After-sale care must be shown to home buyers: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The front view of the Artemis building complex in Hà Nội. Residents of the building last year protested the building’s developers for mismanagement of the project. — VNA/VNS Photo Nguyễn Thắng HCM CITY — Investors in apartment building projects need to maintain the service quality promised to buyers, experts have said. If the pledges are not met, prolonged disputes often arise, General Director of Đại Phúc Land Company told Đầu tư (Investment) newspaper. For two years, the developer is responsible for building maintenance, but after that…

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Vietnam 

Việt Nam-Taiwan business relations remain short of potential: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry, said at a forum in HCM City on Tuesday that Taiwanese businesses will invest in Việt Nam’s supporting sector and help its firms join the global value chain. — VNA/VNS Photo HCM CITY — There remains massive untapped potential for co-operation between Vietnamese and Taiwanese firms in setting up manufacturing supply chains, experts have said. Speaking at a forum in HCM City on July 2, Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said…

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Home 

Consumers stocks in Hong Kong are hot, but investors might be wise to let some cool off to avoid getting burned, experts say

First, the share price of Hong Kong-listed Vitasoy International Holdings grew threefold in three years. Then, it plummeted by 23 per cent in just eight trading sessions, after the soymilk and lemon tea maker reported disappointing annual earnings.The roller-coaster ride of Vitasoy and other unexpected recent plunges are timely warnings for investors about Hong Kong’s consumer stocks, which have returned some stunning gains this year, analysts say.“Many consumer stocks have risen a lot this… Source link

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Home 

Shipping experts are ‘highly worried’ about rising military tensions in the Strait of Hormuz, surging rates, and the impact on energy-dependent Asia

The cost of chartering very large oil tankers to sail through the Strait of Hormuz in the Persian Gulf may rise by as much as a third, as shipowners and charterers pass on rising insurance and fuel costs following recent tanker attacks that threaten a vital artery for global energy supplies, according to experts.Tim Huxley, director of Mandarin Shipping, said charter rates for supertankers, could go up by as much as US$10,000 per day, lifting the current benchmark for very large crude carriers … Source link

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Singapore 

Unauthorised drones at Changi Airport: Tech, regulations can help avoid drone disruptions, say experts, Digital, Singapore News

With drones becoming more common, measures must be taken to regulate their use and ensure these devices do not disrupt air traffic in Singapore, say industry observers. The use of technology and regulations could help mitigate the issue, they added. The Civil Aviation Authority of Singapore (CAAS) revealed on Wednesday that 37 scheduled flights had been delayed after unauthorised drones were spotted flying near Changi Airport. The operations of one of the airport’s two runways were also suspended intermittently between 11pm on Tuesday and 9am on Wednesday. A multi-agency team…

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