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Huawei scraps first product launch as US trade ban bites

In this May 26, 2016, photo, a man walks past a Huawei logo during a launch event for the Huawei Matebook in Beijing. As trade disputes simmer, Chinese telecommunications giant Huawei, the No. 3 smartphone brand, is shifting its growth efforts toward Europe and Asia in the face of mounting obstacles in the US market. (AP Photo/Mark Schiefelbein) Source link

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Int’l agricultural fertilisers and plant protection product expo opens in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

   AgroChemEx Việt Nam 2019 is being held at Equatorial Hotel in District 5 from June 11 to 12. — Photo courtesy of organisers HCM CITY — A wide range of fertilisers, agricultural machinery, packaging equipment, pesticides and and other products are on display at the third international exhibition for the fertilizer and pesticide industry at an expo that opened in HCM City today. AgroChemEx Việt Nam 2019 includes 50 local and international exhibitors, and is expected to attract about 2,000 visitors. In addition to showcasing the latest products and services in the industry, the…

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Vietnam 

Tra fish industry needs to improve product quality – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish products will face competitiveness from China’s products. — Photo kinhtenongthon.vn HCM CITY — Việt Nam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the domestic tra fish sector faces many rivals, including China, India, Indonesia, and Bangladesh – who each represent around 15-20 per cent of global production. Experts said the competitiveness of Vietnamese tra…

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“One Commune, One Product” programme seeks global linkages – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ speaks at the Global OCOP Network Connection Forum held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp  HCM CITY — Deputy Prime Minister Vương Đình Huệ has asked agencies to enhance linkages between cities and provinces nationwide and other countries to form a global network for the One Commune, One Product (OCOP) programme. Huệ said the OCOP programme would help restructure the rural economy, reduce migration of rural labourers to cities, and protect the environment, as well as maintain social stability in rural areas.…

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Mengniu Dairy 2018 profit surges 49 per cent, lifted by strong sales, new premium product mix

China Mengniu Dairy, the mainland’s second largest dairy producer, reported a 49 per cent rise in 2018 net profit, bolstered by rising sales and the introduction of premium products.Net profit was up 48.6 per cent to a record 3.04 billion yuan (US$452 million) for the year ended December 31, while revenue jumped 14.7 per cent to 68.98 billion yuan.The company declared a final dividend of 0.181 yuan per share, up 50.8 per cent year on year.Shares in Mengniu jumped 5.5 per cent to close at HK$27… Source link

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Orders for wooden product exports soar – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Xuân Hương HCM CITY — Orders for furniture exports have risen strongly so far this year as demand has risen, according to Huỳnh Quang Thanh, chairman and CEO of Bình Dương-based Hiệp Long Fine Furniture Company. “We have signed export contracts enough for the rest of the year. The world furniture market is huge and full of potential,” he said. His company exports to many markets, with the EU, Japan, South Korea, North America and Argentina being its key markets. Similarly, Nguyễn…

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Anta posts a fifth year of record profits as its multi-brand product portfolio helps it capture rising demand for sportswear

Anta Sports Products Limited, China’s most valuable sportswear producer, posted its fifth year of record net income on Tuesday, beating analysts’ estimates as its strategy of owning multiple brands including Fila paid off amid a strong demand for athletic goods around the world.Net profit rose by almost a third to 4.1 billion yuan (US$612.5 million) last year, beating the 3.98 billion yuan consensus estimate in a Refinitiv survey of 30 analysts.Sales jumped 44.4 per cent in 2018 to 24.1 billion… Source link

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Supermarkets dominate essential product sales – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Supermarkets are the top choice for consumers seeking to buy essential products, stationery or household goods followed by convenience stores (including groceries), a survey by the High Quality Vietnamese Product Business Association has found. Sales of certain items have reduced at traditional markets, but they still dominate in sales of fresh foods, it said. Though online shopping still accounts for a small proportion of retail sales, it has grown significantly, especially in the case of garments, cosmetics, stationery, and electronics and…

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Vinda net profit rises 4.6 per cent, as product price hike helps offset higher pulp prices

Vinda International Holdings, the maker of China’s bestselling brand of toilet paper, reported on Thursday 2018 net profit rose 4.6 per cent, helped by price increases that bolstered revenue and provided a cushion against higher pulp prices and foreign ­exchange volatility. Vinda’s net profit grew 4.6 per cent to HK$649.31 million (US$82.76 million) for the year, up from HK$620.96 million in 2017. The company’s gross profit margin fell by 1.6 percentage points due to exchange rate fluctuations and a surge in pulp prices. Revenue rose 10.3 per cent to HK$14.88…

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VN to build product origin portal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Prime Minister approved the ‘Scheme of deploying, applying and managing the traceability system’ with the goal to build and operate a portal on national product and goods traceability by 2020.  The project aims to improve the system of legal regulations, documents and guidelines on traceability; promote social engagement in traceability activities to serve international integration and improve the efficiency of State management; ensuring the quality and safety of products and goods. At the same time, the project will focus on…

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