Vietnam 

Vietnamese goods struggle to find shelf space at home as foreign retailers dominate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Early last week Thailand’s Central Group, the owner of the supermarket chain, had sent a letter to Vietnamese vendors saying it plans to stop buying garments from this month “until further notice” to restructure the business. — Photo zing.vn BUSINESS BEAT Compiled by Thiên Lý Though Big C Vietnam’s decision to stop buying Vietnamese garments was discontinued immediately and it was soon business as usual, public opinion has yet to settle down, with many people worrying about the fate of Vietnamese goods in future. Early last…

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Global 

China ignoring Donald Trump’s demand to purchase more farm goods as US-China trade crumbles

Now, however, China are believed to be refusing to make large-scale agricultural purchases until it has clarity on the US Entity List, which left Chinese firms such as Huawei subject to import blacklists, freezing them out of vital US-made technology. Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would. Hopefully they will start soon! — Donald J. Trump (@realDonaldTrump) The South China Morning Post reported on Tuesday…

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Vietnam 

HCM City to organise first Vietnamese Goods Week in Thailand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Huỳnh Trang, deputy director of the HCM City Department of Industry and Trade, speaks at the seminar to introduce the Vietnamese Goods Week in Thailand in October. — VNS Photo Xuân Hương HCM CITY — HCM City, Thai-owned MM Mega Market Vietnam and Big C in Thailand will organise their first ever Vietnamese Goods Week in Thailand in October. Speaking at a seminar held to introduce the event in HCM City yesterday, Nguyễn Huỳnh Trang, deputy director of the city Department of Industry and Trade, said the event would…

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Global 

Donald Trump accuses China of ‘letting us down’ by not keeping G20 promise to buy US farm goods

US President Donald Trump is accusing China of “letting us down” by not promptly buying more US farm products.“They have not been buying the agricultural products from our great Farmers that they said they would,” the president said on Twitter. “Hopefully, they will start soon.”After meeting with Chinese President Xi Jinping late last month, Trump said China had agreed to buy more US agricultural products as part of a ceasefire in the two countries’ trade war.The truce suspended US plans to… Source link

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Singapore 

$80,000 worth of fake luxury goods seized in Far East Plaza raids, 6 people arrested, Singapore News

SINGAPORE – Six people were arrested on Sunday (July 7) for allegedly selling fake luxury goods and apparel, after police raided retail outlets at Far East Plaza. The police said in a statement on Tuesday night that the four women and two men, aged between 26 and 54, were nabbed during a 16-hour operation by the police’s Criminal Investigation Department against seven retail outlets. More than 500 pieces of trademark-infringing goods – such as footwear, watches, bags, caps and accessories – were seized during the raids. These goods have an…

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China 

Donald Trump pushed Xi Jinping to commit to buying US farm goods at G20, but Xi avoided firm pledge

In the 80-minute summit between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Osaka last month, Trump pushed for a Chinese commitment to make large-scale purchases of US agricultural products.However, Xi made no specific commitment during the meeting, according to a source who was briefed on the high-stakes meeting, and no purchases have been recorded in the week since.This account reflects the diverging statements made by each side… Source link

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Vietnam 

Vietnamese goods on show in South Korea – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietnamese booth at the Import Goods Fair (IGF) 2019 in South Korea. Photo VNA SEOUL — A number of Vietnamese enterprises are showcasing goods including handicrafts, dairy products, food and beverages at the 17th Import Goods Fair (IGF), which opened in Seoul on Thursday. Participants include the Vietnam Dairy Products Joint Stock Company (Vinamilk), Ecolink, Fair Trade conditions Craftbeauty, Global Trading Connection Co and An Thịnh Co.    Hosted by the Korea Importers Association (KOIMA), the annual IGF has attracted more than 25 firms from 46 countries and territories.    …

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Home 

French sporting goods brand Decathlon bets on try-it-before-you-buy-it model to battle industry heavyweights in Hong Kong

Marc Zielinski, Decathlon Hong Kong’s chief executive, loves to run outside work hours. But when it comes to expanding the French sports equipment company in Hong Kong, he says: “It is not a race.”“Yes, we have plans to expand. But we like to say we open where we are needed,” Zielinski told the South China Morning Post this month during the soft launch of Decathlon’s third store in Tseung Kwan O, about two years after the brand first entered Hong Kong.The 36,000 sq ft retail space, which the… Source link

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China 

US retail group says extra tariffs on Chinese goods will cost Americans US$18 billion a year

US trade group the National Retail Federation has called on Washington not to impose additional 25 per cent tariffs on US$300 billion of Chinese goods, saying they would cost American consumers US$18 billion a year.That’s according to the results of the federation’s study released on Friday, ahead of next week’s meeting between US President Donald Trump and his Chinese counterpart Xi Jinping at the Group of 20 summit in Japan.The study looked at key product categories for Chinese imports,… Source link

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Home 

US tariffs on China goods would have ‘striking’ affect on women, families, JC Penney says

The Trump administration’s proposed tariffs on thousands of Chinese-made products, including apparel, footwear and home goods, unfairly targets women, according to the US retailer JC Penney.The department store chain said that “though surely inadvertent, the disproportionate impact of the proposed List 4 tariffs on women is striking”.Of 19 China-sourced apparel items that are of particular concern to JC Penney, 13 are for women or girls, including pullovers, trousers and underwear, the retailer… Source link

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