China 

China aims to become self-sufficient in pork production despite African swine fever

China will continue to strive for self-sufficiency in pork production although its farming industry has suffered a devastating blow after African swine fever wiped out about one-third of its hog herds, officials said on Wednesday.Yu Kangzhen, a vice-minister for agriculture, said it was unrealistic for China to pin its hope on imports in meeting the country’s demand for pork.Last year, China consumed about half of the world’s pork but more than 95 per cent was sourced from domestic supplies,… Source link

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Vietnam 

Wood processing firms should embrace technologies, rethink production models – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Q&A section at the “Rethinking Wood Processing Models” seminar held in HCM City on September 10. — VNS Photo HCM CITY — Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in HCM City yesterday. Nguyễn Chánh Phương, deputy chairman of the Handicrafts and Wood Industry Association of HCM City (HAWA), said the wood processing industry faced four challenges, including fierce competition in the market due to an increasing…

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China 

Environment becomes a trade-war victim as China ramps up industrial production to offset economic slowdown caused by trade war

The long-running trade war with the US has taken a well documented toll on China’s economy, dragging growth down to its slowest pace in decades. But as the country ramps up its factory output to try and counteract the slowdown, the environment is now paying a price too, according to a growing body of evidence.Increased industrial production aimed at offsetting stuttering growth is cancelling out efforts to eradicate the famous smogs that hang above many of China’s cities, said Charles Yonts,… Source link

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Vietnam 

Authorities to have check-up on EVN’s power production costs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Staffs at EVN Cần Thơ check equipment. — Photo EVN   HÀ NỘI — The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Việt Nam Electricity (EVN) from last year. According to a decision of the deputy minister Hoàng Quốc Vượng, the inspection team from Electricity Regulatory Authority of Việt Nam (ERAV), representatives from ministries, the Government Office and Việt Nam Chamber of Commerce and Industry (VCCI) would conduct the check-up from September 3 to October 1. The inspection team would…

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Vietnam 

Industrial production up 9.5% this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A fiber production line at Phú Thọ Textile Co in the northern province of Phú Thọ. VNA/VNS Photo Vũ Sinh     HÀ NỘI — The country’s index of industrial production (IIP) saw a year-on-year increase of 9.5 per cent in the first eight months of 2019, a report from the General Statistics Office (GSO) shows. GSO statisticians said the nation’s IIP ensured a stable growth since the beginning of this year. According to the report, the processing and manufacturing sector recorded the largest IIP rise at 10.6 per…

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Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge

PSA Peugeot Citroen and its Chinese partner Dongfeng Group will slash their workforce and shut two production facilities in China, scaling back their capacity after sales in the world’s largest automotive market shrank for the 13th consecutive month in July.Dongfeng Peugeot Citroen Automobiles (DPCA), the French carmaker’s venture with China’s third-largest automotive company, will halve their Chinese workforce to 4,000 staff by 2022, and sell two of their four factories, according to two… Source link

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Vietnam 

Industrial production gains stable growth in seven months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A graphic shows the nation’s industrial production in the January-July period. — VNA/VNS Photo  HÀ NỘI — Việt Nam’s index of industrial production (IIP) rose by 9.4 per cent year-on-year in the first seven months of this year, according to the General Statistics Office (GSO). GSO statisticians said the nation’s IIP ensured a stable growth of more than 9 per cent recorded since the beginning of this year. The processing and manufacturing sector, which accounts for nearly 80 per cent of domestic industrial production, reported a significant IIP increase of 10.7…

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Vietnam 

Sharp announces new production plant in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Sharp Corp’s event held in Akihabara, Tokyo in June. — Photo coutersy of Sharp HÀ NỘI — Japanese electronics giant Sharp has announced plans to construct a multiple production plant in Việt Nam. The plant will produce air purifiers, LCD displays and electronic devices from fiscal 2020, the company said in a press release last week. It did not disclose the cost of building the factory. The enterprise will also set up a 100 per cent owned subsidiary in Việt Nam with US$25 million capital to manage the plant. Its…

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Vietnam 

Lộc Trời Group expands organic agricultural production – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The first phase will be implemented in three provinces of Đồng Tháp, Long An and An Giang with a total area of 100ha. — VNA/VNS Photo  HÀ NỘI — The Plant Protection Department, under the Ministry of Agriculture and Rural Development (MARD), and Lộc Trời Group on Tuesday signed a co-operation agreement on an organic fertiliser development programme. The programme aims to ensure efficiency and sustainability for modern agriculture and thereby improve the value of Vietnamese rice. The two sides will implement agricultural production models using organic fertilisers and create opportunities…

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Apple’s sales performance in China recovers as CEO Tim Cook says Mac production will continue in US

US technology giant Apple Inc saw an improvement in its China business in the past quarter even though global iPhone sales fell to less than 50 per cent of total revenue for the first time in seven years.The Cupertino, California-based company on Tuesday reported revenue of US$53.8 billion for the April-June period, up 1 per cent from the same period a year ago and beating Wall Street estimates. CEO Tim Cook shrugged off news that iPhone sales fell to 48.3 per cent of overall revenue, saying it… Source link

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