Vietnam 

January budget revenue rises 7.5 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

January budget revenue was estimated to be VNĐ144.6 trillion (US$6.15 billion), representing a rise of 7.5 per cent over January 2018. – Photo vneconomy.vn Viet Nam News HÀ NỘI — State budget revenue was estimated at a total of VNĐ144.6 trillion (US$6.15 billion) in January, representing a rise of 7.5 per cent over the same month of 2018. The month’s budget collection was equivalent to 10.2 per cent of the target for the full year. According to the latest report from the Ministry of Finance, domestic revenue…

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Vietnam 

Expectation increases as car demand rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — As car ownership in Việt Nam continues to rise and a higher volume of customers visit the service centre, expectations of the overall service initiation process have increased, according to the J.D. Power 2018 Vietnam Customer Service Index (CSI) Study released on Tuesday. The study shows that although more customers are making service appointments in advance (90 per cent in 2018 compared with 66 per cent in 2017), fewer customers were ‘delighted’ with the ease of scheduling their service visit (12 per cent…

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Home 

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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Singapore 

Bak kwa sellers blame price rises on CNY demand, not pig import disruption, Singapore News

SINGAPORE – Recent disruptions in the import of live pigs from Indonesia have had little impact on supply and prices thus far, raw pork and bak kwa sellers say. With Chinese New Year less than two weeks away, queues have begun to form at popular bak kwa outlets in Chinatown, where prices for the barbecued meat are starting to creep up. Retailers, who typically increase prices by a few dollars in the lead-up to the Chinese New Year to cover additional labour and material needs, said bak kwa prices have…

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Home 

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent to US$1,300.40 an ounce on the Comex, the highest price since June, and were at US$1,297.80 at 11:21am in Singapore. Spot prices were not far behind, hitting as much as US$1,298.60. Silver also surged, hitting the highest since July. Gold…

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Home 

As the US-China trade war rages, scepticism over Chinese-led deals rises in Europe

A sharp-elbowed confrontation between the Trump Administration and China over trade has weighed heavily on Chinese-led mergers and acquisitions into the United States this year. That has Chinese buyers and their advisers looking to other markets for potential deals, particularly Europe, where the overall value of transactions is at its second-highest level in the past decade. Europe, however, may not be as welcoming a place for future Chinese investments as concerns are growing over the country’s industrial policies, particularly over technology transactions, market observers said. Chinese oil firm hunts for…

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Vietnam 

Derivatives volume rises again, individuals dominate trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

November saw a rise in trading volume of derivative products after consecutive declines in August and September. — Photo tapchitaichinh.vn Viet Nam News HÀ NỘI — All four contract codes were traded in the derivatives market on the Hà Nội Stock Exchange (HNX) in November, with total trading volume of 2.82 million contracts, up 10.6 per cent against the previous month. According to the HNX, individual investors remained the main players in the derivatives market. Domestic and foreign institutional investors only accounted for less than 1 per cent…

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Vietnam 

VN-Index rises on dividend payouts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Việt Nam’s benchmark VN-Index enjoyed a second-gaining session on Tuesday thanks to news of some large-cap companies’ dividend payout plans. The VN-Index on the Hồ Chí Minh Stock Exchange gained 0.76 per cent to close at 958.84 points. The southern market climbed 2.70 per cent on Monday. The index was lifted by large-cap stocks in the VN30 Index, which tracks the performance of the 30 largest firms by market capitalisation. Fourteen of the 30 largest shares in the VN30…

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Vietnam 

Manufacturing sector output rises at near-record pace in November – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 points in the previous month to reach 56.5 points in November, according to the latest survey from Nikkei’s IHS Markit, released on Monday. Manufacturing business conditions during November improved to one of the greatest heights in the near eight-year history of the survey. The consumer goods sector was the strongest performer of the three broad sectors covered in the latest survey period, witnessing the fastest rises in output, new orders and employment. New…

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Vietnam 

National IIP rises 10% in 11 months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s Index of Industrial Production (IIP) expanded 10.1 per cent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO). This was a steady increase from the beginning of the second half of the year, with 10.5 per cent in the first six months, 10.9 per cent in the first seven months, 11.5 per cent in the first eight months, 10.6 per cent in the first nine months and 10.4 per cent in the first 10…

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