Vietnam 

Global supply chains remain out of reach of VN businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamese businesses struggle to enter major global production chains despite making high-quality products. — VNA Photo HCM CITY — Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them. Đào Hữu Huyền, chairman of the board of the Đức Giang Chemicals Group Joint Stock Company, told Thanh Niên newspaper that many companies have good technologies and products but still find it difficult to be a part of international supply chains. Korean and Japanese…

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Vietnam 

VN’s logistics firms remain small despite potential – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Containers at Cát Lái Port in HCM City’s District 2. The country’s logistics sector has potential but most projects are of a small scale.VNA/VNS Photo Tiến Lực   HÀ NỘI There are 4,000 Vietnamese businesses operating in the logistics field but most of them are small-scale with weak human resource quality, the Ministry of Industry and Trade (MoIT) reported.   According to the report, Vietnamese logistics enterprises are mainly operating on a small scale, with up to 90 per cent of enterprises having capital of less than VNĐ10…

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China 

China claims progress on creating world’s largest trade bloc, but ‘very difficult’ issues remain

A meeting of trade ministers attempting to create the world’s largest trading bloc without the United States wrapped up in Beijing on Saturday, with China claiming further progress, though there were “very difficult” negotiations ahead.Trade delegates to the two-day meeting gave differing opinions on whether negotiators could achieve their stated goal of finishing the Regional Comprehensive Economic Partnership (RCEP) by the end of the year.“The meeting has made important progress in the… Source link

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Vietnam 

HCM City retail sales remain strong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  79 companies have signed up for HCM City’s year-long price stabilisation programmes that began last April. VNS Photo Văn Châu HCM CITY – HCM City’s retail sales and services grew by 12.2 percent year-on-year in the first half to nearly VNĐ 600 trillion (US$25.8 billion), according to its Department of Industry and Trade. It said the retail market outlook for the rest of the year was positive with supply remaining abundant and prices steady.  It forecast full-year growth of 13 – 14 per cent, which is the target. The city…

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Home 

Despite Trump and Xi’s G20 handshake, trade woes will remain a drag on markets, especially in Asia

Trade concerns will continue to plague markets for the rest of 2019 and well beyond. This is not only the result of the US government’s shift towards more protectionist policies, but also due to the effects of slowing global growth on international trade.Setting aside the US-China trade dynamic – but only momentarily, as this situation is one of the most important considerations when making asset allocation decisions this year – markets care about trade because of what it signals for business… Source link

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Vietnam 

Việt Nam-Taiwan business relations remain short of potential: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry, said at a forum in HCM City on Tuesday that Taiwanese businesses will invest in Việt Nam’s supporting sector and help its firms join the global value chain. — VNA/VNS Photo HCM CITY — There remains massive untapped potential for co-operation between Vietnamese and Taiwanese firms in setting up manufacturing supply chains, experts have said. Speaking at a forum in HCM City on July 2, Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said…

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Money 

US-China trade truce ‘better than expected’ but issues remain, says governor of Chinese central bank

People’s Bank of China Governor Yi Gang said the result of the G20 meeting over the weekend was “a little bit better” than expected, but stressed that difficulties remain ahead in solving trade tensions with the US.At an event on Monday in Helsinki, Yi said he will remain cautious in the future because difficulties remain in structural and fundamental issues, though the road map for trade talks agreed by Presidents Donald Trump and Xi Jinping in Osaka is constructive.“But as long as the two… Source link

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China 

China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows

Chinese banks lending was slightly higher in May from a month earlier, but the value remained below expectations as the impact of the trade war played on lenders’ minds, leading to speculation that the economy may need another, bigger jolt in the arm.The value of new yuan-denominated loans dropped to 1.18 trillion yuan (US$170.54 billion) in May, lower than the market expectation of 1.3 trillion yuan and only slightly higher than April’s reading of 1.02 trillion yuan, according to data released… Source link

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Home 

Why high streets like Chicago’s North Michigan Avenue will remain as the destination of choice for shoppers and retailers

North Michigan Avenue seems a little less magnificent lately.Retail rents fell in 2018 after soaring in recent years, and Chicago’s undisputed top shopping destination has faced a long slog in filling high-rent flagship spaces.The Magnificent Mile’s transition is indicative of a broader trend, as “high streets” – the world’s most prestigious places to buy and sell goods – grapple with massive changes in consumer habits.The explosive growth of e-commerce and waves of retailer bankruptcies,… Source link

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China 

China’s 2019 economic growth forecast cut by IMF as risks and uncertainties of US trade war remain

China’s 2019 economic growth forecast has been cut from 6.3 per cent to 6.2 per cent by the International Monetary Fund with the world’s second largest economy still facing downside risks and uncertainty over the trade war with the United States.The downgrade came after the fund paid a visit to Beijing and the western province of Guizhou for intensive discussions with Beijing’s policymakers during its annual assessment of the country’s economic and financial health. It was merely two months… Source link

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