Vietnam 

HCM City’s investment stimulus programme yields solid results – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thành Phong (C), chairman of the city People’s Committee, speaks at the seminar to review the city’s investment stimulus programme in HCM City on Thursday. — VNS Photo HCM CITY — It has been a remarkable transformation for HCM City’s People’s Hospital 115 which recently became the first medical facility in the country to successfully carry out a robotically-assisted brain tumour surgery. Thirty years ago, its only piece of equipment had been an x-ray machine. It currently gets 3,000 to 4,000 patients a…

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Vietnam 

Int’l accounting rules pave way for investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Finance held a seminar in Hà Nội on Friday. During 2022-2025, the ministry will select certain firms to implement IFRS. — Photo cafef.vn HÀ NỘI — Vietnamese firms should adopt International Financial Reporting Standards (IFRS) instead of current Vietnamese accounting standards (VAS) if they want to enhance transparency and become more attractive to investors. The statement was made by Trịnh Đức Vinh, Deputy Director of the Accounting and Auditing Management Supervision Department of the Ministry of Finance in a seminar held in…

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China 

China plans to allow foreign investment in VPN services as part of Beijing trial in latest opening up move

China’s effort to further up open up and attract foreign investment continued with the city of Beijing unveiling plans to allow overseas firms to invest in virtual private network services within a trial zone by the end of the year.Foreign investors will be allowed to invest in virtual private network (VPN) services, which allow users to bypass China’s Great Firewall to access services such as Google and Facebook which are currently blocked, although foreign ownership in such providers will be… Source link

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Vietnam 

An Giang attracting less investment this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The city of Long Xuyên in the Mekong Delta province of An Giang. The province is calling for support from the Government, ministries and agencies to make it more attractive to domestic and foreign investors. — Photo xuctiendautu2018.angiang.gov.vn AN GIANG — The Cửu Long (Mekong) Delta province of An Giang has witnessed a reduction in the number of new investment projects and the amount of newly registered capital since the beginning of this year, local authorities have said. So far this year, the province has attracted 44 new projects with total…

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Vietnam 

Việt Nam, Uruguay ink trade, investment agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Officials at the signing ceremony. — VNA/VNS Photo Trần Quốc Việt HÀ NỘI — The trade and investment promotion agencies of Việt Nam and Uruguay inked a memorandum of understanding on Wednesday on co-operation between the two sides. The agreement will serve as a cornerstone to further collaborate on promoting trade and bring businesses of Việt Nam and Uruguay closer in order to raise bilateral trade revenue, Vũ Bá Phú, director of the Việt Nam Trade Promotion Agency (Vietrade) under the Ministry of Industry, said at the signing ceremony. He expressed his hope that Vietrade…

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Home 

China’s push back on dual passports may derail investment immigration schemes

Global real estate investment flows could be disrupted if the authorities in mainland China were to crack down on the country’s booming trade in ­second passports.Tens of thousands of high-net-worth individuals in the mainland could be affected if authorities restricted the practice of buying property in a foreign country as a way of acquiring a second citizenship, experts said.The possibility of such action was highlighted earlier this month when Sun Xiang, a National People’s Congress… Source link

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China 

China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving

Foreign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors.In July, foreign direct investment (FDI) into China rose 4.1 per cent from a year ago to US$8.07 billion, a higher rate from the 3 per cent rise seen in June, according to data released by China’s Ministry of Commerce on Tuesday.In yuan terms, FDI increased to 54.82 billion yuan (US$7.8 billion) in July, 8.7 per cent higher… Source link

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Global 

US-China trade war takes heavier toll than expected, wreaking its biggest havoc in the fourth quarter, investment banks say

The US-China trade war, which has raged on for the 13th month last week, will wreak havoc on the world’s two largest economies in the fourth quarter as it takes a heavier toll than previously expected on growth, according to two investment banks.The United States economy faces rising fears of a recession, said Goldman Sachs, which cut its 2019 US growth forecast by 0.2 percentage point to 1.8 per cent in the final three months. China will feel the “biggest hit” from the latest round of proposed… Source link

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Vietnam 

HCM City pours investment in infrastructure in south – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCMC focuses on infrastructure works in its southern part. — VNA/VNS Photo HCM CITY — HCM City will continue to invest in transport infrastructure in its south, according to a report by its transport department. The southern area is comprised of districts 7, Nhà Bè and Bình Chánh. Trần Quang Lâm, director of the Department of Transport told Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper that Huỳnh Tấn Phát and Lê Văn Lương streets in District 7 would be upgraded and Nguyễn Hữu…

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Vietnam 

Singaporean and Malaysian businesses seeks investment opportunities in Cần Thơ – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Singaporean and Malaysian businesses on a visit to the Cần Thơ Trade, Investment Promotion and Exhibition Centre. — VNA/VNS Photo Hồng Giang HÀ NỘI — Singaporean and Malaysian firms are seeking investment opportunities in the southern city of Cần Thơ. In a meeting with local authorities on Tuesday, Managing Director of Business Media International and head of the Malaysian delegation Dato William Ng praised the city for its investment policies in education, healthcare, tourism, biotechnology, information technology and logistics services. Dato said Cần Thơ was the most promising…

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