Vietnam 

Malaysian firms explore investment in VN’s car manufacturing industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of a VInFast plant, expected to go operational in June. — Photo vneconomy.vn HÀ NỘI — Fifteen Malaysian firms are visiting Việt Nam to explore investment opportunities in the country’s car manufacturing industry. Malaysian Ambassador to Việt Nam Dato Mohd Zamruni Khalid said at a workshop held on Thursday to discuss business opportunities between Việt Nam and Malaysia in the automobile component industry that Việt Nam was an attractive market for car manufacturing given its young population and favourable investment policies. He said Malaysian firms expected to co-operate with partners in…

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China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears

The odds of capital exodus from China and of a slide in the value of the yuan exchange rate have diminished thanks to China’s steady domestic growth, progress in trade talks with the United States and the decision by the US Federal Reserve to halt its interest rate increases, China’s foreign exchange regulator said on Thursday.The US Federal Reserve’s announcement that it no longer plans to raise interest rates this year will mean that the difference between US and Chinese interest rates will… Source link

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Vietnam 

Central province’s Q1 investment surpasses yearly target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of the city of Huế in the central province of Thừa Thiên Huế.  — Photo baodautu.vn HÀ NỘI — The central province of Thừa Thiên Huế granted approval in principle for seven projects with a total investment capital of more than VNĐ13 trillion (US$558 million) in the first quarter of this year. The period’s investment result far exceeded the yearly target of VNĐ10 trillion ($430 million) set earlier by the provincial People’s Committee, a report from the province’s Department of Planning and Investment revealed. The projects included a…

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VN, Nigeria eye closer investment, trade ties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — There is great potential for trade between Việt Nam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a bilateral trade and investment forum heard in HCM City yesterday. Speaking at the forum, Nguyễn Thế Hưng, deputy director of the Việt Nam Chamber of Commerce and Industry (VCCI)’s HCM City branch, said many African countries, including Nigeria, had become increasingly important economic partners of Việt Nam. Trade between Việt Nam and Nigeria has shot up from US$250 million…

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Singapore investment holding firm United Industrial raises stake in Marina Centre for S$485 million

United Industrial Corporation, a subsidiary of UOL Group, is acquiring a further 24.27 per cent stake in indirect subsidiary Marina Centre Private Holdings (MCH) for S$485.3 million (US$358.86 million), to be paid in cash. It already owns a 53.07 per cent stake in MCH.The acquisition is being made through the purchase of shares from the following vendors – 10 per cent from OUE for S$200 million, 10.27 per cent from Finnegan Investments for S$205.3 million and 4 per cent from Mackmoor for US$80… Source link

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Vietnam 

Japanese investment in Việt Nam on the rise in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Thu Hà HÀ NỘI — Japanese investment in Việt Nam is expected to grow this year, given Japan’s recent initiative to shift investment to Việt Nam and other Mekong River nations, as well as free trade agreements (FTA), experts said. According to Hironobu Kitagawa, chief representative of the Japanese External Trade Organization (JETRO) in Hà Nội, the Vietnamese market will remain attractive to Japanese investors in 2019. Japan was the largest investor in Việt Nam last year with registered capital of nearly US$8 billion. “Currently, many Japanese investors are coming…

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Corporate tax secrecy is hurting everyone – even investment funds want to see more transparency

Who would dream of putting an end to the culture of secrecy shielding multinational companies’ account books and fortunes hidden in tax havens? There are the usual suspects, of course: tax activists including academics, churches and trade unions, who are up in arms over revelations from the likes of the Panama Papers or Paradise Papers.But not only them. A recent consultation exercise by the Global Reporting Initiative reveals that the strongest advocates of tax transparency may be investment… Source link

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Vietnam 

Việt Nam rolls out red carpet for Thai investment: Deputy PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Deputy Prime Minister Tịnh Đình Dũng (R) receives SCG Executive Director. VNA/VNS Photo HÀ NỘI  — The Vietnamese Government, ministries and sectors have always created favourable conditions for foreign investors, including those from Thailand, to expand production and business in Việt Nam, Deputy Prime Minister Tịnh Đình Dũng has said. Hosting a reception on Tuesday for Dhep Vongvanich, executive director of the Thai-based Siam Cement Public Company Limited (SCG) in Việt Nam, Deputy PM Dũng highlighted the Việt Nam -Thailand strategic partnership, which has developed strongly in various sectors, especially in economic,…

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For young Hongkongers, the smartest investment in the future may be going to a top Chinese university

The recent college admissions scandal in the United States has raised soul-searching questions about elite education. Why the obsession with elite universities? Well, the world is just getting more competitive. While a college education used to be a ticket to the middle class, its value has decreased as higher education becomes more prevalent. A degree from a brand-name college is one way to distinguish one student from the rest.Asian culture may have something to do with this. Stuyvesant, a… Source link

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Vietnam 

An Giang province to lure further investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Mekong Delta province of An Giang will step up administrative reform, improve its investment climate, and enhance its competitive capacity to attract more domestic and foreign investment projects. Photo angiang.gov.vn   AN GIANG The Mekong Delta province of An Giang will step up administrative reform, improve its investment climate, and enhance its competitive capacity to attract more domestic and foreign investment projects. Director of the provincial Department of Planning and Investment Lê Văn Phước said that the province would focus on building a level playing field for both Vietnamese…

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