Vietnam 

Việt Nam and US promote trade, leading up to 25th anniversary of diplomatic relations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ on a telephone call with US Treasury Secretary Steven Mnuchin. — Photo ttvn.vn HÀ NỘI — Việt Nam and the US agreed to further strengthen financial-monetary cooperation, economy, trade and investment ties to promote the bilateral relations between the two countries, leading up to the 25th anniversary of the establishment of Việt Nam-US diplomatic relations in 2020. The agreement was made during a telephone conversation between Deputy Prime Minister Vương Đình Huệ and US Treasury Secretary Steven Mnuchin on Monday. During the phone…

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Singaporean real estate investors are leading the Asian charge deeper into Europe as Chinese firms lie low

Last Tuesday, the real estate arm of Singapore Press Holdings (SPH), one of Asia’s leading media companies, announced that it had acquired £134 million (US$174 million) worth of student housing assets in three cities in Britain – Southampton, Sheffield and Leeds – in a deal that increases the size of its United Kingdom university accommodation portfolio to more than 5,000 beds in 10 cities, making SPH one of the leading players in the popular asset class. The transaction is the latest in a… Source link

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Vietnam 

Leading garment-makers to display goods at Hong Kong’s largest trade show – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — More than 30 leading Vietnamese manufacturers of garments, textiles, handicrafts and fashion accessories will be showcasing their products at one of Asia’s largest exhibitions to be held in Hong Kong at the end of this month.  Goods to be displayed at the show include apparel, fashion jewelry, underwear, swimwear, bags, luggage, scarves, footwear and fabrics all under one roof. The four-day Global Sources Fashion show will feature verified suppliers from major fashion manufacturing hubs, including Việt Nam, China, Hong Kong, Taiwan, South Korea, Bangladesh, India, Indonesia and…

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Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics

Club Méditerranée, which operates all-inclusive holiday resorts around the world, plans to open a winter retreat with a ski school near Beijing to take advantage of the expected popularity of snow sports during the 2022 Winter Olympics in the Chinese capital. The company, commonly known as Club Med, will open a resort near the Chinese capital, where the winter games are scheduled to be held in three years’ time. Several ski resorts – including the Secret Garden resort by Malaysia’s Genting… Source link

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All mainland China markets open higher, with consumer stocks leading in Shenzhen

The Hong Kong market opened flat on Friday, while leading benchmarks in mainland China recovered losses made in previous sessions.With the conclusion of the annual National People’s Congress in Beijing on Friday, and the release of most of key China economic data on Thursday, investors will once again turn their attention to the US-China trade war and corporate results, said traders.“Investors remained sidelined on Friday. Over the short term, I expect the Hang Seng Index to trade in a tight… Source link

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Vietnam 

Leading US firms to hold talks in Ha Noi – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A GE factory in the northern port city of Hải Phòng. – Photo baodautu.vn Viet Nam News HÀ NỘI — More than 50 leading US companies from a wide range of industries would arrive in Hà Nội on Tuesday to explore business opportunities, the US-ASEAN Business Council has announced. These firms include Google, Apple, Microsoft, Coca-Cola, ExxonMobil, GE, Ford, MasterCard, Qualcomm, IBM, JP Morgan, Syngenta, AstraZeneca and Pfizer. Arriving on the heels of the 2nd DPRK-USA Summit in Hà Nội where US President Donald Trump praised Việt Nam as thriving like few places on Earth, it will…

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Vietnam 

Samsung confirms leading role in Việt Nam’s support industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Prime Minister Trịnh Đình Dũng receives new general director of Samsung Việt Nam, Choi Joo-ho. — Photo chinhphu.vn Viet Nam News HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has asked South Korean firms, including electronics giant Samsung, to continue playing a leading role in pushing Vietnamese support enterprises for joint development. Dũng made the statement at a reception for the new general director of Samsung Việt Nam, Choi Joo-ho, in Hà Nội on Tuesday. He highly appreciated investors from South Korea, including Samsung, for their efforts…

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Indian manufacturing is on the up and Chinese investment is leading the way

When I was the international director for the Tata Group, India’s largest manufacturer, some 15 years ago, we found that we could buy truck wheels from China cheaper than the steel cost in India. We, like thousands of other companies, ramped up sourcing from China.  Things look different today. With escalation of costs in China, shifts in exchange rates, and now the threat of tariffs, China is no longer a cheap manufacturing location. Sourcing of volume goods, like textiles or electronics, is… Source link

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China 

Leading Chinese academics lash out at ‘irrational’ trade war and US ‘distrust’ of Huawei

As top level negotiators try to thrash out a deal to end the trade war between China and the United States, a leading Chinese government academic has predicted that the “irrational” conflict will be long and protracted. China’s Vice-Premier Liu He is currently in the US, where he is expected to meet President Donald Trump on Thursday January 30, in a break from negotiations with the top US trade official, Robert Lighthizer. Liu is attempting to bring an end to a tit-for-tat trade war that has been waged since July…

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Huawei founder says West would be ‘foolish’ not to buy its 5G products as they are leading edge

Huawei founder Ren Zhengfei went on China’s state broadcaster to defend the telecom gear supplier’s track record in his first-ever television interview, a move prompted by western government bans on its 5G equipment over security concerns. Speaking in a CCTV interview that aired Sunday, the 74-year-old founder of the company said Huawei’s wireless and 5G solutions are world class and will solve issues many Western countries face in 5G development, especially in sparsely populated rural areas. “They are foolish and will lose money if they don’t buy [our products],” Ren…

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