Vietnam 

Việt Nam ranks eighth for global franchise expansion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A McDonald’s restaurant near Hoàn Kiếm Lake, Hà Nội. Potential sectors for franchising include food and beverage, education, healthcare and nutrition, hospitality and fashion. — VNS Photo Mai Hương HÀ NỘI — Việt Nam is the world’s eighth most valuable market for global franchise expansion, according to the International Franchise Association. The potential sectors for franchising include food and beverage, education, healthcare and nutrition, business services, hospitality, fashion, beauty and skincare, entertainment, children’s services and convenience stores, according to Nguyễn Phi Vân, chairwoman of Retail & Franchise Asia. A report by the…

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Home 

Easy money is losing its magic as global recession fears spread

The “bad news is good news” mantra has pervaded financial markets ever since the world’s leading central banks embarked on quantitative easing to help shore up recession-ravaged economies during the global financial crisis.It is a testament to the potency of ultra-loose monetary policy that mere hints of additional stimulus have been enough to spark some of the fiercest rallies in markets over the past several years. As recently as the beginning of last January, signals from the Federal Reserve… Source link

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Vietnam 

VN stocks fall on poor global economy prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ho Chi Minh Stock Exchange in HCM City. The benchmark VN-Index edged down 0.37 per cent to close Thursday morning at 965.36 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 million shares were traded on the southern bourse,…

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Home 

Global fintech investments nosedive as Chinese fundraising falls sharply, report says

Global investments in fintech firms tumbled 29 per cent in the first half of the year as deal activity in China fell sharply amid an escalating trade war between Washington and Beijing, according to a new report by the consulting firm Accenture.The value of financial technology deals worldwide in the six months ended June 30 declined to US$22 billion, compared with US$31.2 billion in the same period a year earlier. The number of deals globally, in contrast, increased 2 per cent to 1,561 in the… Source link

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Global 

China ‘smoothing’ of economic data is distorting global growth and policy responses, study says

China’s official economic data over the past four years has been “too smooth to be realistic”, given the significant volatility in key industries over the same period, according to a new study by Rhodium Group, a US-based economic research house.A new report claims that this unrealistic data has led to distortions in global economic growth estimates, which in turn has affected economic policy decision-making throughout the world, with China paying the highest price.Beijing has always… Source link

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Money 

Hong Kong’s exchange operator posts record first-half earnings as global funds follow MSCI’s weightings into China’s stocks

Hong Kong Exchanges & Clearing Limited (HKEX) reported its best interim profit on record as more global funds used the city’s cross-border investment channel to invest in Chinese stocks, after MSCI quadrupled the representation of China’s A shares in its benchmarks.Revenue rose 5 per cent to HK$8.58 billion (US$1.1 billion) in the first half, while net profit increased 3 per cent to HK$5.2 billion, the highest since the bourse was established in 2000. Second-quarter profit advanced 5 per cent… Source link

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Home 

A trade war truce? The US and Chinese economies need one, but they also need domestic reforms to stave off global catastrophe

The world economy is on the brink of something nasty. Stock market valuations have seemed overstretched for a long time and pessimists have been looking for a good excuse to sell for months. It has been a tough call considering the deluge of cheap money flooding the markets and the bullish riptide dominating sentiment in recent years.It is no surprise that investors are harking back to events leading up to the 2000 and 2008 market crashes. Trade tensions, growth worries and mounting financial… Source link

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Vietnam 

VN start-ups eyeing the world must have global mindset: forum – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Quang Trung, senior lecturer and discipline lead for the international business programme at RMIT University Việt Nam, speaks at the ‘Born Global: The Future of Việt Nam’s Digital Economy’ forum held in HCM City on Wednesday (Aug 7). VNS Photo Bồ Xuân Hiệp HCM CITY — Vietnamese start-ups that wish to go global must have a “global mindset” and “decision-making power” and be willing to “take risks” to capitalise on the opportunities for success in the digital economy, experts have said. Speaking at a…

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Viettel Global posts US$47 million pre-tax profit in Q2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    MyTel, Viettel Global’s brand in Myanmar, is the first operator to launch 5G technology in the country. — Photo courtesy of Viettel Global   HÀ NỘI — Viettel Global posted record pre-tax profit of VNĐ1.09 trillion (US$47 million) in the second quarter of the year. The company announced its consolidated financial report with net revenue of more than VNĐ4 trillion in the April-June period which equals that of the same period last year. However, gross profit increased by VNĐ200 billion to VNĐ1.5 trillion as it focused on the key…

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Vietnam 

Việt Nam jumps 50 places on global cybersecurity index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia on the Global Cybersecurity Index. — Photo vneconomy.vn HÀ NỘI — Việt Nam ranked 50th out of 175 countries on the Global Cybersecurity Index (CGI) in 2018, up 50 places from the previous year, according to a report by the International Telecommunications Union (ITU). With a score of 0.693, Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia. Việt Nam’s outstanding performance has exceeded…

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