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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Vietnam 

MoF proposes tax cut for small firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of businesses pay taxes. The Ministry of Finance plans to apply a corporate income tax rate of 15 per cent to micro enterprises with annual revenue of less than VNĐ3 billion (US$129,000) and a labour force of less than 10. — Photo bnews.vn HÀ NỘI — The Ministry of Finance (MoF) is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation. The regulation would be applicable for micro and small businesses which are established from household…

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Home 

Foreign finance firms say they’ll speed up their expansion in China after Beijing’s latest moves to open up the sector

International financial firms have vowed to speed up their expansion in mainland China after the country announced it would bring forward a raft of measures aimed at opening up the sector.Beijing will scrap shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than initially planned, according to a statement posted by the People’s Bank of China on its website on Saturday.By opening up its financial industry to more foreign… Source link

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Vietnam 

HCM City firms’ exports increase by 9.2 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  To succeed in a demanding market like the EU, Vietnamese firms should improve the quality of their goods, invest in technology and become more professional, economist Nguyễn Trí Hiếu said. — VNA/VNS Photo HCM CITY — Exports by HCM City-based enterprises in the first six months of the year topped US$19.6 billion, a 9.2 per cent increase year-on-year, according to the city People’s Committee. Industrial products accounted for $13 billion, or nearly 77 per cent. Exports of computers, electronic products and components were worth $6 billion, an increase of 43…

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Global 

Chinese firms ask for tariff exemptions to buy US agricultural products, state media says

Several Chinese companies want to buy American agricultural products and have applied for exemptions from the tariffs imposed on them by Beijing, state media reports.The applications for exemptions have been filed and will be heard by a panel of experts from the government, Xinhua reported on Sunday.The report did not name any of the companies or say what products they wanted to buy, but said the move was the result of an agreement reached between Chinese President Xi Jinping and his US… Source link

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Vietnam 

Vietnamese firms urged to export through Amazon – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamese coffee products sold on Amazon.com.  Vietnamese firms are urged to export through the US website to access over 300 million customers in 185 countries and territories. — VNS Photo HCM CITY — Vietnamese businesses, especially small- and medium-sized ones, should export their products through the Amazon e-commerce sales platform, a seminar heard in HCM City yesterday. Speaking on global export trends through the Amazon platform, Trần Xuân Thủy, managing director of Amazon Global Selling Việt Nam, said by putting their products on the platform, businesses would have the chance…

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Vietnam 

Vietnamese firms urged to transform in digital age – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Phương Nga, market development director at Kantar Worldpanel Việt Nam, speaks about consumer trend in the digital age at a seminar in HCM City on Thursday. — VNS Photo HCM CITY — The internet and smartphones are having a profound impact on consumers in many areas and offering manufacturers and retailers the opportunity to promote their products while also bringing challenges in understanding new shopping trends and identifying effective methods of communication, a seminar heard in HCM City on Thursday. Nguyễn Phương Nga, market…

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China 

China’s sanctions threat against US firms after Taiwan arms deal casts shadow over Gulfstream’s ‘optimism’

The threat of Chinese sanctions against firms from the United States over arms sales to Taiwan may cast a shadow over Gulfstream’s “optimism in the region”, according to a lawyer whose company has advised the business jet giant.General Dynamics, and its subsidiary Gulfstream Aerospace, as well as Honeywell and Oshkosh Corporation, were named in an article posted an article on the official WeChat channels of both the People’s Daily and state broadcaster CCTV on Sunday, criticising their… Source link

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Vietnam 

Insurers, stock brokers and rubber firms lift VN market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The sign of insurance-finance group Bảo Việt (HoSE: BVH). Insurance-finance firms helped boost the Vietnamese stock market on Wednesday morning. — Photo ndh.vn HÀ NỘI — Vietnamese shares gained ground on Wednesday morning, driven by insurance-finance and rubber industries. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.27 per cent to close at 984.80 points. The VN-Index rose nearly 1 per cent on Tuesday. More than 86.4 million shares were traded on the southern bourse, worth VND1.9 trillion (US$82.3 million). Insurance companies, stock brokers and…

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Vietnam 

Logistic booms with million-dollar deals, foreign firms look to spread – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Cargo containers are loaded from ships at Tien Sa Port in the central city of Đà Nẵng. — VNA/VNS Photo Lê Lâm   HÀ NỘI — The logistics market in Việt Nam is booming with million-dollar merger deals being signed and many foreign companies striving to increase market share. But many local logistic companies are still thinking too small and are finding themselves suffering at the hands of bigger competitors. Pieter Pennings, consulting director of CEL Consulting, said local businesses are feeling the pressure from larger, foreign companies.…

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