Vietnam 

Foreign investors exchange 3.9m FPT shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

IT technicians work at FPT Software Village – a tech hub run by IT group FPT Corporation at Hà Nội’s Hòa Lạc High-Tech Park. Foreign investors on Friday traded nearly 3.9 million shares of the IT giant. — Photo vozforums Viet Nam News HÀ NỘI — Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD). Foreign investment fund VOF Investment Limited of the asset management firm VinaCapital sold more than 3.55 million FPT shares to…

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China 

Tianjin’s foreign investment and jobs drop amid trade war and industrial shift to new sectors

This series explores the employment challenges faced by different segments of the Chinese economy; this fourth instalment examines the challenges faced by foreign firms. For residents of the city of Tianjin in northeastern China, the closure of Samsung’s huge smartphone factory in December symbolised the end of an era for the South Korean electronics giant, which was once the most popular brand in China. The closure points to the challenges faced by foreign firms in China’s fast-evolving business environment up against well-subsidised domestic competition and the problems this presents for…

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China 

China’s crowded labour market is making life tough for foreign workers and new graduate ‘sea turtles’

With the Chinese economy slowing, concern has increased among Chinese policymakers about the outlook for employment, since ensuring a sufficient number of new jobs is seen as a necessary ingredient in maintaining social stability in the country. Employment was the top priority the Politburo set last July when it shifted its economic policy focus to stabilising growth, leading the government to enact a series of policies to counter rising joblessness. This series will explore the employment challenges faced by different segments of the Chinese economy. The second instalment examines the…

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Home 

China joins global central bank gold rush as its foreign exchange reserves stabilise

China has joined a global central bank gold rush in the last two months by increasing its official gold reserves, even though the purchase remains modest compared to the volume of the mainland’s foreign exchange reserves, according to data released by the People’s Bank of China on Monday. The country’s gold reserves rose slightly to 59.94 million ounces at the end of January from 59.56 million ounces at the end of December 2018, marking a second straight month of increase. The latest gold purchase by the world’s second-largest economy came…

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Vietnam 

Local dairy industry will have to compete with foreign brands under CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The domestic dairy industry will face competitive pressure this year due to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a report of the Rồng Việt Securities Company (VDSC). The VDSC believes that Việt Nam’s dairy brands will face fierce competition from foreign brands because when the CPTPP came into effect in Việt Nam on January 14, import tariffs on dairy products from New Zealand, Singapore and Japan were cut to zero, making these product lines more competitive. …

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Home 

Foreign funds zero in on Hong Kong’s neighbourhood malls as next big investment opportunity

Foreign funds are increasingly considering smaller malls and shopping centres in Hong Kong’s more residential neighbourhoods for investment purposes, with the idea of repackaging undervalued properties and capitalising on a rebound in the city’s commercial rental market. Maggie Hu, an assistant professor of real estate and finance at the Chinese University of Hong Kong, said these funds found good deals in such malls. “First, these funds are betting that these malls are undervalued with current maintenance and management. And with professional management and strategic upgrading, they can improve the exterior…

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Vietnam 

Domestic retailers urged to team up to compete with foreign rivals – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares, said an official from the Ministry of Industry and Trade (MoIT). The warning was given by deputy head of the MoIT’s Multilateral Trade Policy Department Ngô Chung Khanh in the wake of news that while many Vietnamese products are exported overseas, those same products are also imported from other countries for domestic consumption. Khanh pointed out…

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Home 

Chinese broker shares surge after Beijing moves to widen foreign access to capital markets

Chinese brokerage firms jumped Friday morning, after China further loosened restrictions on both domestic brokers and foreign institutions to invest in the capital markets. The measures included combining two programmes – the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) – to give foreign investors wider access to futures, options, bond repurchases and private equity funds. ChinaLin Securities soared 6.2 per cent to 9.20 yuan by noon close on the Shenzhen Stock Exchange. Sealand Securities and CSC Financial surged 3.3 per cent and 3.1 per cent…

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Vietnam 

PV Oil’s foreign ownership cap temporary: executive – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

In the new plan, the company proposed to keep the foreign ownership cap at 49 per cent, the maximum rate allowed in the petroleum sector in Việt Nam. — Photo vietnambiz.vn Viet Nam News HÀ NỘI – PV Oil’s locking of the foreign ownership ratio at 6.6 per cent is a temporary measure before the Government endorses its new capital divestment plan, according to the company’s general director Cao Hoài Dương. “PV Oil is waiting for the State to approve its new divestment plan,” Dương was quoted as…

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Vietnam 

Four foreign investors keen on Minh Phú – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Four foreign investors are looking at a private offering of 75.72 million shares in Minh Phú Seafood Corporation this year. The companies are reported to be from Japan,  South Korea, the United States and Japan.   Minh Phú’s chairman Lê Văn Quang disclosed this information at a shareholder meeting on Tuesday. Last year, Minh Phú approved a plan to sell 75.72 million shares to new investors to raise capital to expand shrimp production and supplement working capital. Its charter…

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