China 

China slowdown persists as industrial economy posts worst growth since February 2002

China’s industrial production in July grew at its lowest rate since February 2002, with the retail sector also taking a further hit amid a sharpening slowdown sparked by the US-China trade war.Industrial production – a measure of the output of the industrial sectors in China’s economy, including manufacturing, mining and utilities – grew by 4.8 per cent from a year earlier in July. This was down from 6.3 per cent in June, which had spiked up from May’s 5.0 per cent growth rate.The July reading… Source link

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Vietnam 

Shares slide, money flows into industrial sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      Investors at a Maybank Kim Eng brokerage house. Việt Nam’s benchmark VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI – Local shares continued to slide on Tuesday amid rising foreign net selling. On the Hồ Chí Minh Stock Exchange, the VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. On the Hà Nội Stock Exchange, the HNX-Index closed down 0.99 per cent at 101.89 points. Both stock indices also fell on Monday. Nearly 254 million shares worth total VNĐ9.1…

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Vietnam 

Industrial production gains stable growth in seven months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A graphic shows the nation’s industrial production in the January-July period. — VNA/VNS Photo  HÀ NỘI — Việt Nam’s index of industrial production (IIP) rose by 9.4 per cent year-on-year in the first seven months of this year, according to the General Statistics Office (GSO). GSO statisticians said the nation’s IIP ensured a stable growth of more than 9 per cent recorded since the beginning of this year. The processing and manufacturing sector, which accounts for nearly 80 per cent of domestic industrial production, reported a significant IIP increase of 10.7…

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China 

China’s industrial profits fall 3.1 per cent in June, as fears of trade war slowdown grow

Profits earned by China’s industrial firms slipped in June after a brief gain the previous month, fuelling concerns that a slowdown in manufacturing caused by the trade war with the United States will weigh on economic growth.China’s industrial profits have been in decline since the second half of last year, with many firms putting off business decisions and scaling back manufacturing investment.Economic growth in the second quarter of this year slowed to a near 30-year low.Industrial profits… Source link

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China 

US trade war has cost China almost 2 million industrial jobs, CICC research shows

China has lost 5 million jobs in the industrial sector in the last year, including 1.8 to 1.9 million due to the trade war with the United States, a leading Chinese investment bank estimated on Wednesday.The total job losses represent 3.4 per cent of total employment in the industrial sector, which includes mining, manufacturing and public utilities, and 0.7 per cent of total national employment, said China International Capital Corporation (CICC) economists Liang Hong and Yi Huan.The decline… Source link

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Vietnam 

HCM City industrial production slows down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A supermarket in HCM City. The city’s total retail sales of goods and services increased by 12.7 per cent in the first half of the year. — VNS Photo HCM CITY — HCM City’s industrial production grew by 7 per cent in the first half of the year, almost exactly the same as a year ago, according to the city Department of Industry and Trade. However, the index of industrial production (IIP) of the city’s four key sectors, food processing, chemical–rubber-plastics, mechanics, and electronics, saw an increase of 5.5 per cent, much lower…

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Vietnam 

VN industrial market seizes opportunities from the automotive sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An automotive aircon manufacturing company in the Thaco Industrial Zone. The domestic auto industry offers more opportunities for Việt Nam’s industrial market. —Photo cafef.vn HÀ NỘI — The development of the domestic auto industry offers more opportunities for Việt Nam’s industrial market, according to the consulting firm CBRE Vietnam. The automotive industry in Việt Nam is still underdeveloped in terms of manufacturing compared to other ASEAN countries, but the accumulation of industrial land banks for this industry has been increasing. Lê Hiếu, CBRE Vietnam’s Director of Office, Industrial and Logistics…

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Vietnam 

City eyes boost to key industrial products – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Key industrial products on display on the sidelines of a meeting held in HCM City recently. The city is keen to boost the development of certain key industrial products. — VNS Photo HCM CITY — HCM City is offering support in the form of financial assistance, land, workforce training, technology, trade promotion, and brand building assistance to businesses making key and promising industrial products, according to its Department of Industry and Trade. The city has identified seven key industrial product groups — moulded metallic products such as high-precision…

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Vietnam 

Programme on key industrial production eyes FDI firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Rạng Đông LED bulbs.are packaged for sale. The company’s product was recognised among top 10 key industrial products by the Hà Nội Department of Industry and Trade in 2018. — Photo tapchicongthuong.vn HÀ NỘI — The Hà Nội Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development. The products are outputs of the sectors that are prioritised by the city and influential to the city’s development. Those products are made by high-tech chains that are environmentally-friendly and…

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Vietnam 

The capital city strives to 30 industrial clusters in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A part of the Thanh Oai industrial cluster in Hà Nội. Photo tinbatdongsan.com   HÀ NỘI — The capital city has set a target of having 30 new industrial clusters (ICs) by the end of this year, Lê Hồng Thăng, director of the municipal Department of Industry and Trade, said. Since the ICs will be located in urban areas, priority should be given to projects in clean and hi-tech industries, Thăng said during the 9th session of the municipal People’s Council that opened here on Monday. Hà Nội authorities have made great efforts to attract both foreign and domestic enterprises to ICs over…

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