Vietnam 

Hurdles keep private sector from achieving preeminent status: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The private sector, despite being considered the driving force of the economy, has yet to achieve a breakthrough due to many reasons, experts said. They were speaking at the Vietnam Economic Conference held in HCM City recently and attended by executives representing more than 300 local and foreign businesses. Asked about the reasons, 54 per cent of attendees said cumbersome administrative procedures, 26 per cent said inability to access capital and 21 per cent blame difficulty in accessing the market. …

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China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

The “Greater Bay Area”, touted as China’s answer to Silicon Valley, may serve as a symbol of China’s determination to match US technological might, but a shortage of top-notch talent and schools, along with the simmering trade war between the US and China, have clouded its prospects in the short term, according to analysts.Beijing wants this proposed integrated area, which links nine cities in Guangdong province – including Shenzhen and Guangzhou – with the Hong Kong and Macau special… Source link

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Vietnam 

Cassava industry faces big hurdles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY —  Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.  According to the Việt Nam Cassava Association, there are 120 cassava starch factories in the country with a processing capacity of over 15.5 million tonnes. But cassava production is only 8.8 million tonnes, meaning there is a shortfall of 6.7 million tonnes, it said. Nghiêm Minh Tiến, permanent…

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China’s second largest dairy producer Mengniu Dairy says Indonesia expansion was fraught with hurdles

Mengniu Dairy, China’s second-largest dairy product producer, said it faced challenges in securing the supply chain for production when opening a new milk-based drink plant in Indonesia in November. Lu Minfang, chief executive of Mengniu Dairy, speaking at the official opening of the plant in Bekasi, located on the eastern border of the capital Jakarta, said it was an ordeal to secure raw materials and packaging needed to get the project into operation. “Indonesia lacks support for industries. It is not as good as more developed countries,” said Lu. “The…

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Leading Chinese biotech firm Wuxi AppTec says US hurdles will not dim acquisition appetite

Tighter US government scrutiny of Chinese investment in US biotechnology companies will not dent its interest in pursuing investment opportunities there, said executives of Wuxi AppTec, Asia’s largest provider of contract pharmaceutical research. “It is not a problem, we will just make the necessary filings according to the legal requirements,” board secretary Yao Chi said at a press conference on Friday to announced the company’s Hong Kong listing plan. The Shanghai-based firm aims to raise up to US$1 billion from the IPO. The company said about 30 per cent of…

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