Vietnam 

VinFast joins ride-hailing market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  VinFast and FastGo signed a co-operation agreement to bring 1,500 VinFast Fadil cars into the ride-hailing market. — VNS Photo  HÀ NỘI — Vietnamese automaker VinFast – a subsidiary of Vingroup – and FastGo Viet Nam Joint Stock Company signed an agreement on Thursday in Hà Nội to provide 1,500 Fadil cars for FastGo’s ride-hailing service. The agreement aimed to build high-end transport services based on the application of technology and the strengths of both parties. In the first phase, 1,500 of the automobiles will be provided to FastGo drivers through buying or renting at preferential…

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The bond market is flashing a recession warning, but that’s no cause for alarm yet

Out driving the other day, an orange warning light appeared on the dashboard. My first thought was not that the engine was about to burst into flames, nor did I abruptly pull over. I continued driving towards where I was going and then I drove home again. My calmness was due to the realisation that warning lights themselves are not a sign that something bad has happened – smoke from the engine would be in this case – but that something bad may happen.The bond market is the same. The global……

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Ping An posts biggest jump in interim net profit since 2015, helped by a one-time tax benefit and a stock market rally in China

Ping An Insurance (Group), China’s largest insurer by value, posted the biggest jump in interim net profit since 2015, bolstered by a one-time tax benefit, a stock market rally and growth in its new business units.Net income soared 68 per cent to 97.7 billion yuan in the six months ended June 30, beating the 19 per cent increased expected in a Bloomberg survey of analysts. Revenue rose 17 per cent to 690.25 billion yuan (US$98 billion), while basic earnings per share rose 23.7 per cent to 4.12… Source link

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Vietnam 

Banks dominate corporate bond market in first seven months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers make transactions at a VPBank branch. VPBank was the biggest bond issuer in the last seven months with total value of nearly VNĐ13 trillion (US$552 million). — Photo courtesy of VPBank HÀ NỘI — Banks have been the main player in the corporate bond market so far this year, with eight of the top 10 biggest issuers being financial institutions. Vietnam Prosperity Bank (VPBank) topped the list with bond issuance reaching VNĐ12.86 trillion (US$552 million) in value in the first seven months of the year, the latest debt market report from MB Securities Joint Stock Company…

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Baidu falls further behind among China’s biggest tech firms as Meituan, NetEase overtake in market value

Baidu Inc. has fallen out of the top five most valuable publicly traded Chinese internet companies after its market capitalisation slid below that of gaming and e-commerce pioneer NetEase Inc.After a 40 per cent slide in its share price this year, Baidu’s market valuation stood at US$33.2 billion at the close of trading on Wednesday, compared with US$33.5 billion for NetEase, whose shares have risen by 11.4 per cent in the same period. Baidu declined to comment on its market valuation.Baidu… Source link

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China’s July home price cools, as escalating trade war and slowest economic growth in decades send shivers through property market

China’s frenzied housing market has cooled, as a government effort to cap prices is biting, while the impact of the year-long US-China trade war has percolated into the economy and caused the domestic output to grow at the slowest quarterly pace in three decades.The average cost of a new home rose by 0.59 per cent in July, marking the slowest increment in five months, while increases were recorded in only 61 of 70 cities being monitored. June’s growth was 0.66 per cent while prices grew 0.71… Source link

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Vietnam 

E-commerce market may rank third in Southeast Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam online marketing forum 2019 was held in Hà Nội on Wednesday. — Photo http://dangcongsan.vn HÀ NỘI — Việt Nam could have Southeast Asian’s third-largest e-commerce market by 2025. The information was released during the Việt Nam online marketing forum in Hà Nội yesterday. The country could sit behind only Indonesia at US$100 billion and Thailand at $43 billion. According to the E-Business Index 2019 report drafted by the Việt Nam E-Commerce Association, the scale of Việt Nam’s e-commerce market in 2018 was $9 billion. The report also…

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Vietnam 

VN stocks up, market outlook remains gloomy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Laptops on display at a Mobile World Investment Corp’s store. The firm stock was among large-cap items that boosted the Vietnamese stock market on Wednesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares finished Wednesday on a positive note but growth narrowed at the end of the session as investors stayed alert and tried to keep away from potential risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.22 per cent to close at 968.91 points. The VN-Index fell 0.87 per cent on Tuesday.  Nearly 151.5…

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Hong Kong’s stock market has a midsummer’s nightmare as fundraising dries up in worsening trade war and street mayhem

Hong Kong’s stock market is going through its worst summer since 2012, as fundraising activity dwindled to a single initial public offering (IPO) in August, while a worsening US-China trade war and deteriorating civic unrest weighed on sentiments.The number of companies seeking to raise capital this year fell by a third to 88 IPOs, with proceeds plunging by 55.9 per cent to US$10.82 billion, from the same period in 2018, according to Refinitiv’s data. July’s listings halved to 15 companies,… Source link

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Cheap home care for the elderly: China tech makes inroads into emerging and fast growing market

Charging elderly clients just one yuan (US 15 cents) a day, little-known Lanchuang Network Technology has embarked on one of the most ambitious undertakings in aged care by a private sector firm in China.Provided with a set-up box, a webcam paired with a TV set and “Xiaoyi”, a Siri-like voice assistant, customers gain access to telemedicine and an SOS system as well as paid-for services that include housekeeping and meal deliveries.A small robot that can ring up a medical centre in response to… Source link

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