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HSBC considering bidding for Aviva’s Asian operations as it takes steps to diversify in region

HSBC Holdings, the bank that shook up its senior leadership this month, is considering a bid for Asian operations being sold by Aviva as it seeks ways to diversify its business in the region, people with knowledge of the matter said.London-based HSBC is in the early stages of weighing an offer for at least part of Aviva’s Asian business, the people said, asking not to be identified because the information is private. A deal would help HSBC bolster its insurance presence in Singapore and other… Source link

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Vietnam 

Policies promoting new technologies urgently needed in ASEAN region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Võ Tân Thành, vice chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) in HCM City, speaks at the 2019 ASEAN-China Smart Industry Conference held on Thursday in HCM City. — VNS Photo Bồ Xuân Hiệp HCM CITY — Collaboration on innovation, science and technology across countries and across industry sectors should be strengthened to adapt to a rapidly changing world, speakers said on Thursday at an international conference. More than 1,000 representatives from government agencies and business associations participated in the 2019 ASEAN-China Smart Industry Conference. Han Mei, deputy general secretary of…

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Labour shortage hinders development of offshore fishing in central region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Fishermen at the Thọ Quang fish port in the central city of Đà Nẵng. — VNA/VNS Photo Quốc Dũng QUẢNG NGÃI — A shortage of labour has affected offshore fishing in many central coastal provinces, with many ship owners forced to hire inexperienced seamen. Thọ Quang fishing port located in Đà Nẵng’s Sơn Trà District is popular among ship owners in the central provinces because it covers more than 60ha and has convenient trading links. In recent months, however, the wharves have often been deserted as vessels…

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Vietnam 

Việt Nam fosters a start-up ecosystem in the region: executives – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam has become an ideal eco-system for both domestic and foreign start-ups, and the effects are showing, with start-ups mushrooming all over the place. Việt Nam News’s Thu Ngân spoke to fund managers and executives at successful start-ups and asked them about the phenomenon. Peter Ryder, CEO of Indochina Capital   Việt Nam’s biggest advantage is its people. The Vietnamese are among the most entrepreneurial and ambitious people I have met, which paired with Việt Nam’s exceedingly young population creates the perfect storm for start-ups to thrive. With that…

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Investors pull cash from US-based China region equity funds for 8th straight week

Investors extended their purge of US-based China region equity funds, pulling cash from the sector for the eighth consecutive week, marking the longest negative streak since mid-2016 and overlapping with the deterioration of trade talks between Washington and Beijing, according to new data.For the week ending June 19, a net US$218.6 million was withdrawn from China region funds sold to US investors, data provider Lipper, a Refinitiv company, reported late on Thursday.Since April 1, investors… Source link

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Vietnam 

Residential solar power purchase begins in central region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A solar power panel installed on a house’s rooftop in Đà Nẵng. — Photo petrotimes.vn ĐÀ NẴNG — The Central Power Corporation (CPC) under the Vietnam Electricity (EVN) has paid nearly VNĐ1 billion (US$43,000) to buy solar power from 134 residential roof-top systems in the central and Central Highlands regions since 2018. A representative of the Đà Nẵng-based CPC said the money was paid for surplus solar power after family use in connection with the national grid. It said 134 households from Đà Nẵng City and Đắk Lắk and Khánh Hòa provinces had released a…

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Vietnam 

Vietnamese businesses eye trade promotion in RCEP region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Regional Comprehensive Economic Partnership is expected to help Vietnamese enterprises boost exports. — VNA/VNS Photo HÀ NỘI —  Vietnamese enterprises were looking forward to promoting their businesses under the Regional Comprehensive Economic Partnership (RCEP) to take advantage of a market that is home to 50 per cent of the global population. However, they were faced with fierce competition from other member countries. The statement was made by Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s WTO Integration Centre Nguyễn Thị Thu Trang at a conference in Hà Nội on Thursday. The RCEP is a…

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Asian investment in property within region hit record high last year, to rise another 10pc in 2019, Colliers International says

Asian investment in property within the region rose 10 per cent to US$98 billion – a record high – last year, property consultancy Colliers International said on Thursday. It is expected to record double-digit growth in 2019 as well.Asian investment in property within Asia was almost double that of Asian investment in property globally in 2018, Colliers said in a report, and is forecast to rise by another 10 per cent this year to US$108 billion. Investment in property beyond Asia actually fell… Source link

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Vietnam 

Southern region plans to grow other crops on low-yield rice fields – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Farmers grow chilli in rice fields in Tiền Giang Province’s Chợ Gạo District. – VNA/VNS Photo Minh Trí HCM CITY – The Mekong Delta and the south-eastern region plan to grow other crops on more than 126,300ha of low-yield rice fields this year as a means of adapting to climate change and improving farmers’ incomes. Of the figure, 124,526ha are in the delta, according to the Plant Cultivation Department. Farmers will rotate rice and other crops in the same fields or stop growing rice completely and…

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Vietnam 

100 firms take part in International Trade Fair of Northwest Region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A booth at the International Trade Fair of the Northwest Region 2019. — VNA/VNS Photo Xuân Tư Viet Nam News ĐIỆN BIÊN — More than 100 businesses from Việt Nam, China, Laos and Thailand are showcasing their products at the International Trade Fair of the Northwest Region 2019, which is underway in the northern province of Điện Biên. On display at the fair, running until Friday, are manufacturing-mechanical products, machinery, industrial and agricultural equipment, office equipment, agro-forestry-fisheries goods, food and foodstuff, textile and garments as well as handicrafts.…

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