Vietnam 

Đà Nẵng tightens land management to combat price hikes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The city of Đà Nẵng has issued a document requesting the management and supervision of real estate brokerages and land transactions be enhanced to prevent unusual price hikes caused by the spread of false information. Individuals and organisations found to have fabricated rumours regarding development projects would be strictly punished, Đà Nẵng Standing Party Committee said. Việt Nam News Agency reported that false rumours disseminated by brokers contributed to hugely inflated land prices in the central city recently. Real estate…

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Vietnam 

Hà Nội proposes tightened management of social network businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under stricter management. — Photo vietbao.vn Viet Nam News HÀ NỘI — The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under the same management as e-commerce websites. E-commerce websites that violate regulations may be shut down under the law and have their domain names revoked. In addition, there should be close co-ordination between…

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Vietnam 

Sacombank signs up PwC to create asset-liability management framework – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

PwC Vietnam and Sacombank sign an agreement in HCM City on Tuesday. — Photo courtesy of Sacombank Viet Nam News HCM CITY — Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework. This is expected to help the bank manage liquidity risk and interest rate risk by identifying risk thresholds scientifically, clearly and optimally, build a liquidity risk management framework to maintain adequate liquidity ensuring the bank operates safely and continuously in all possible situations and developing models to improve the quality of asset-liability management.…

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Traders: don’t be too sure Asia’s rally isn’t a ‘bear-market bounce,’ JPMorgan Asset Management warns

The January rally in Asia and the emerging markets could just be a “bear-market bounce,” says JPMorgan Asset Management. While Jasslyn Yeo, global market strategist at the money manager, sees the potential for more gains in the first half of the year, investors will need to reassess their positions for the second half. Slowing economic growth globally is clouding the outlook for stocks even as a potential trade deal between the US and China will help risk-on sentiment, according to Yeo. Moreover, while the Federal Reserve signalled it’s pausing its…

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Fidelity looks to AI as the future for portfolio management, asset selection

Fidelity International is betting big on artificial intelligence as the future of fund management in the belief that the new technology will give asset managers the edge in constructing and managing asset portfolios, according to a senior executive. Luc Froehlich, Asian fixed income investment director at Fidelity International, said his firm was at the forefront of a transformation that will see an enhanced role for machines in running pension funds, actively managed equity funds and other investment products. Fidelity fund managers are currently using natural language processing in asset selection,…

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Vietnam 

State management must be revamped – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A VCCI report points out that State management agencies are still unsure of how to manage new business models like Grab. – Photo thuonggiaonline.vn Viet Nam News Phan Đức Hiếu, Deputy Director of the Central Institute for Economic Management, said that the legal system should not only focus on removing business barriers but also promoting development. Hiếu said that the biggest challenge to the current reform effort in Việt Nam was the lack of impetus among local-level management agencies. The pressure for reform mainly came from the…

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Vietnam 

Việt Nam learns from Germany’s experience in budget, tax management – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of the Hà Nội Taxation Sub-department. — Photo VNA/VNS Viet Nam News BERLIN — A delegation of the Vietnamese National Assembly’s Finance-Budget Committee led by Chairman Nguyễn Đức Hải has paid a visit to Germany to learn from the country’s experience in State budget and tax management. They met with representatives of the German Institute for Economic Research, the Federal Ministry of Finance and the Finance Committee of the German Bundestag (Parliament) on Monday. The host experts and managers talked about tax and financial management, tax collection…

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Vietnam 

Ministries step up price control and market management for Tết holiday – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Lào Cai Province Market Watch check seized products. Market management will be enhanced before, during and after the Tết holiday. – VNA/VNS Photo Quốc Khánh Viet Nam News HÀ NỘI — Minister of Finance Đinh Tiến Dũng has asked for enhanced price management to prevent any sudden cost hikes before, during or after the Tết (Lunar New Year) holidays in the beginning of February. Under Directive No 06, close watch would be placed on the market’s supply and demand developments. Price fluctuations in the domestic market are common,…

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Bank of China, China Construction Bank get wealth management units in shake up of US$4.3 trillion industry

Beijing has given two of China’s biggest banks the go-ahead to set up wealth management units, a move that could create a new growth engine for an industry struggling to sustain profitability. The Bank of China and China Construction Bank have received their approvals from the China Banking and Insurance Regulatory Commission (CBIRC), the regulator said in a statement on Thursday. The go-ahead comes three weeks after the commission published the regulations governing these wealth management units. Asset managers in Asia could see revenue double by 2022 on growth in…

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China’s online wealth management index falls for first time in five years as sector hit by tighter regulation

An index measuring the growth of China’s internet wealth management industry has fallen for the first time since 2013 as tighter regulations on shadow banking force some platforms to withdraw from the market. The index, which tracks the size of internet wealth management funds in proportion to the total financial assets held by Chinese citizens, declined to 563 points in 2018, down 23.5 per cent from the peak level of 695 points in 2017, according to a report released at a finance summit hosted by Tencent Holdings in Shenzhen on…

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