Vietnam 

India’s import quotas harm local incense firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  India’s setting of quotas for Việt Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to difficulties. Photo thuongtruong.com.vn HÀ NỘI – India’s setting of quotas for Việt Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to face bankruptcy. This opinion was put forward at a meeting between businesses and State agencies related to the issue this week. At this meeting held by the WTO Centre under the Việt Nam Chamber of…

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Chinese firms to build more coal power plants in Asia despite Beijing’s pledge for greener Belt and Road Initiative projects

China funds over a quarter of coal power plants with generating capacity of 399 gigawatts under development outside the nation. Here, Chinese men pull a cart in a neighborhood next to a coal-fired power plant in Shanxi, China, on November 26, 2015. Photo: Associated Press Source link

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Vietnam 

Russian firms come looking for business in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Russian and Vietnamese business executives at a business-matching event held at Russian Gastro House in HCM City on September 17. — VNS Photo HCM CITY — A delegation of executives from 20 Russian companies in the agricultural and technology sectors met with executives from 60 Vietnamese companies in HCM City yesterday to explore business opportunities. The Russian companies are mainly in sectors like processing and trading of agricultural products such as natural fruit juices, wines, confectionery, fast moving consumer products, sunflower oil and seeds, legumes, grains,…

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Vietnam 

Energy firms drive VN-Index up for 4th day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  PV Gas facility. Company shares jumped 3.4 per cent on Tuesday following a boost of oil prices on Monday night. – Photo pvgas.com.vn HÀ NỘI – Vietnamese shares advanced for a fourth straight day as oil and gas stocks were boosted by a jump in oil prices overnight. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.70 per cent to close at 996.74 points. The VN-Index has rallied total 2.83 per cent in four straight days since last Thursday. More than 231.4 million shares were traded…

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Vietnam 

Vietnamese firms to attend India-CLMV trade meeting in India – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The First India-CLMV Reverse Buyer Seller Meet will be held at Hotel ITC Grand Chola, Chennai, India. — Photo yatra.com HÀ NỘI — Vietnamese business delegations will attend the First India-CLMV (Cambodia, Lao PDR, Myanmar and Việt Nam) Reverse Buyer Seller Meet in India next month. Next month’s event will be held in Chennai City and aims at implementing Indian cooperation activities with the CLMV countries, as part of the Indian Government’s Act East Policy, with a focus on promoting cooperation with the ASEAN region, including CLMV nations. Việt Nam’s Ministry of Industry and Trade (MoIT) will…

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China pushing ahead with controversial corporate social credit rating system for 33 million firms

China is moving forward rapidly its plans for a controversial social credit rating system that will include 33 million companies, raising fears of reprisals among foreign firms as Beijing seeks to extend its control over the business environment in the country.The National Development and Reform Commission (NDRC) is pushing ahead with social credit-based supervision of all commercial entities from large firms to small, independently owned and operated business, prompting complaints over… Source link

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Here’s why big investing firms are steering clear of China’s expensive, underperforming new-energy car sector

Big investing firms are driving right by new energy vehicle makers in China, saying they have a lot of proving to do before their shares become attractive.As a whole, EV makers are way overpriced, have delivered losses to shareholders in a year the Shanghai Composite Index is up 21.5 per cent, and face a push by Beijing for localities to stimulate car sales that will mean tougher competition from combustion-engine rivals.Meanwhile, Beijing has cut back subsidies by 60 per cent that boosted… Source link

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China 

Carrie Lam denies reports of talks with state firms on buying up Hong Kong

The Hong Kong government on Friday denied reports of plans for Chinese state-owned enterprises to step up investment and take control of major commercial assets in the city.According to various news reports, China’s state-owned asset watchdog told officials from roughly 100 of the country’s biggest state firms to invest in real estate and tourism projects that would create jobs and stabilise financial markets in Hong Kong, helping to calm unrest in the city.The reports said the State-owned… Source link

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Vietnam 

VN stocks make modest gains on mid-cap and small-cap firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Pomina Steel SJC’s plant at Phú Mỹ I Industrial Park, Bà Rịa-Vũng Tàu Province. The company shares gained 2.4 per cent on Wednesday. — VNA/VNS Photo Danh Lam HÀ NỘI – Vietnamese shares were mixed on Wednesday as capital was directed into mid-cap and small-cap firms. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.10 per cent to end at 969.31 points. The VN-Index has lost a total 1.50 per cent since the start of September. The HNX-Index on the Hà Nội Stock Exchange advanced 0.20 per…

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Vietnam 

Wood processing firms should embrace technologies, rethink production models – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Q&A section at the “Rethinking Wood Processing Models” seminar held in HCM City on September 10. — VNS Photo HCM CITY — Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in HCM City yesterday. Nguyễn Chánh Phương, deputy chairman of the Handicrafts and Wood Industry Association of HCM City (HAWA), said the wood processing industry faced four challenges, including fierce competition in the market due to an increasing…

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