Vietnam 

Tra fish industry needs to improve product quality – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish products will face competitiveness from China’s products. — Photo kinhtenongthon.vn HCM CITY — Việt Nam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the domestic tra fish sector faces many rivals, including China, India, Indonesia, and Bangladesh – who each represent around 15-20 per cent of global production. Experts said the competitiveness of Vietnamese tra…

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Vietnam 

Việt Nam to improve cyber security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Representatives of businesses visit an exhibition on technological products as part of the conference on cybersecurity. — VNA/VNS Photo Minh Quyết HÀ NỘI — Việt Nam will declare a national digital strategy this year to set up a digital economy and society, said Minister of Information and Communications Nguyễn Mạnh Hùng at a cybersecurity conference on Wednesday in Hà Nội. Hùng said cybersecurity was a prerequisite for a successful national transition to a digital society. It created a safe environment for the Government, enterprises and people to…

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Vietnam 

Joining in global value chains helps improve firms’ brand names – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Rubber latex processing line at the factory of Chư Păh Rubber Co Ltd in central highlands province of Gia Lai. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Global value chains were an indispensable way for local firms to build and develop brands, said Lê Hoàng Tài, deputy director of the Việt Nam Trade Promotion Agency (VIETTRADE). Tài told the conference that international trade had seen the establishment of global value chains with active participation of not only developed countries but also developing ones and emerging economies. “With developing countries like Việt…

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Vietnam 

VN seeks to improve logistics, eyes climb in World Bank ranking – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Ministry of Industry and Trade has issued a plan to improve logistics performance of Việt Nam in an effort to contribute to enhancing the country’s business climate. – Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — The Ministry of Industry and Trade has announced a plan to improve the performance of the logistics sector to improve the country’s business climate. It seeks to improve Việt Nam’s ranking in the World Bank’s logistics performance index (LPI) by five to 10 spots by 2025. It will focus on…

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Home 

To win Hongkongers’ support for the Lantau reclamation plan, officials should improve their maths – or their spin

For an institution which has long thought that spin was a ride in Ocean Park, the Hong Kong government is getting a little better at managing the news. There is nothing wrong with that. It is a feature of the modern age – goodness knows how bad it was before, and the rest of us will just have to learn to read between the lines. The Hong Kong Journalists Association this week took the government to task for calling an important press conference with just two hours’ notice. It dealt…

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China cuts electric car subsidies by up to 60 per cent as it looks to improve technological standards to global levels

The Chinese government’s move to slash subsidies by up to 60 per cent on electric cars is likely to dent sales in the short-term in the world’s largest green car market, say analysts.Late on Tuesday evening, four ministry-level authorities including the Ministry of Finance introduced tougher subsidy policies to improve the technological standards of the NEV industry.Subsidies on NEVs with a driving range of 250-300 kilometres have been reduced to 18,000 yuan (US$2,686) from 34,000 yuan. For… Source link

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Hong Kong virtual bank among Standard Chartered’s digital bets as bank aims to improve returns

Standard Chartered hopes to make its proposed virtual bank in Hong Kong a key pillar of its digital strategy as the lender looks to streamline and grow its retail business in parts of Asia and Africa, Bill Winters, the bank’s chief executive, said on Tuesday.The lender, which is based in London but generates much of its revenue in Asia, is waiting to hear whether it will receive one of the first virtual bank licences that the Hong Kong Monetary Authority plans to issue this year.Speaking at the… Source link

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China 

Nobel Prize winner Richard Thaler says China should use ‘nudge theory’ to improve the lives of citizens

More carrot and less stick would help China achieve better results from government policies and services to improve the lives of its citizens, according to Nobel Prize-winning economist Richard Thaler.Thaler coined the term “nudging ” for the theory of ways to influence individual and group behaviour without coercion through the use of positive reinforcement and indirect suggestions in contrast with other ways to achieve compliance, such as enforcement.However, Thaler warned that some companies… Source link

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Vietnam 

A Directive needed to improve VN’s performance in 2019: PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc wants a plan in place to help local businesses drive the country to fulfil economic targets this year. — Photo VNA/VNS Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc wants a plan in place to help local businesses drive the country to fulfil economic targets this year. The PM has asked for the development and issuance of a Directive to resolve problems for local enterprises to facilitate the…

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China 

China must punish officials for ‘cooking the books’ to improve data credibility, top lawmaker says

China should increase supervision and punishment of government officials who manipulate statistics to improve the credibility of its economic data, according to a top lawmaker.Analysts have long had doubts over whether official Chinese government economic data accurately reflects what is going on in the economy.A recent study led by several researchers from the Chinese University of Hong Kong found that China overestimated its nominal and real growth rates by about 2 full percentage points on… Source link

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