Vietnam 

MoIT considers safeguard measures for apparel sector under CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers iron clothes at Garment 10 Corporation. The MoIT is drafting a circular on safeguard measures for textile and apparel products under CPTPP. — VNA/VNS Photo Trần Việt HÀ NỘI — The Ministry of Industry and Trade (MoIT) is drafting a circular providing guidance for the application of safeguard measures for textile and apparel products under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). CPTPP is the first “new-generation” free trade agreement (FTA) that Việt Nam has signed. It officially took effect on January 14 this year. With 11 member countries and high tariff reduction…

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Home 

China’s social e-commerce sector to more than double to US$185 billion in sales by 2021

Social e-commerce has been growing exponentially in popularity among Chinese consumers for the past three years. Its GMV, or total volume of sales, is expected to keep growing at a fast pace to reach 1.3 trillion yuan (US$185 billion) this year and more than double to reach 2.86 trillion yuan in 2021, according to a report released by China Internet Watch (CIW).The sector saw its sudden surge two years ago when GMV grew 255.8 per cent to reach 626.85 billion yuan, up from 176.20 billion yuan a… Source link

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Home 

Guangzhou-based Yuexiu Property warns of tougher times ahead after Beijing tightens screws on housing sector, slowing economy

Mainland developer Yuexiu Property posted a 63.2 per cent jump in first half core net profit, but warned that the outlook remains tough against the backdrop of a slowing Chinese economy and property cooling measures.“The government has been very clear that they want to steady the property sector and the price of land. Rising US-China trade tensions has also made the property market nervous,” Lin Zhaoyuan, chairman of the Guangzhou-based company, said at a news conference to announce the interim… Source link

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Vietnam 

VN food and beverage sector draws foreign firms’ interest – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Indian and Vietnamese firms in the food, beverages and packaging sector exchange information at a B2B meeting in HCM City last week. — VNS Photo HCM CITY — Việt Nam has become an increasingly attractive destination for international enterprises in the food, beverages and packaging industry thanks to its rapid economic growth and rising consumer demand. Lý Kim Chi, chairwoman of the Food and Foodstuff Association of HCM City, said the food and beverage sector accounts for 15 per cent of Việt Nam’s GDP and is growing at 7 per…

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Vietnam 

VN needs to invest more in agricultural processing sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Đăng Phúc Nguyên, general secretary of the Việt Nam Fruit and Vegetables Association Việt Nam’s exports of farm products, fruits and vegetables in particular, have been rising consistently. But they are exported mainly as raw and fresh items, offering low value addition. Besides, poor harvesting and post-harvest preservation technologies result in a further decline in value. With increasing competition in the global market, the country needs to invest heavily in deep processing of fruits and other farm produce to increase exports as well as…

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Vietnam 

Shares slide, money flows into industrial sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      Investors at a Maybank Kim Eng brokerage house. Việt Nam’s benchmark VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI – Local shares continued to slide on Tuesday amid rising foreign net selling. On the Hồ Chí Minh Stock Exchange, the VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. On the Hà Nội Stock Exchange, the HNX-Index closed down 0.99 per cent at 101.89 points. Both stock indices also fell on Monday. Nearly 254 million shares worth total VNĐ9.1…

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Vietnam 

City speeds up development of logistics sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Cát Lái Port in HCM City. The city is seeking to turn logistics into a key sector. — VNA/VNS Photo HCM CITY — HCM City is making efforts to improve its logistics services to create a driving force for its economy as well as that of the southern key economic region. With its strategic location, the city is an important trade gateway for the country’s southern region, accounting for US$85.2 billion worth of imports and exports last year, or 17.7 per cent of the country’s total. Nguyễn Quỳnh Trang,…

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Vietnam 

Textile-garment sector expects another great year for exports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The textile and garment industry’s exports were worth US$32 billion last year and they are expected to reach $40 billion this year. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Việt Nam Free Trade Agreement and the US-China trade war have brought benefits and challenges to the sector. Despite the challenges, the Việt Nam Textile and Apparel Association believes the industry will do well this year. Vũ Đức Giang, the association’s chairman, talks to Việt Nam News reporter Xuân Hương about this and more. What do you think…

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Money 

China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

The former chairman of a state lender known as “Beijing’s super bank” is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday.Hu Huaibang, who was chairman of China Development Bank (CDB) for more than five years until his retirement in September last year, is suspected to be the latest in an already long line of heavyweight financial officials toppled by Beijing’s anti-corruption campaign.Also former… Source link

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Vietnam 

Chillax Asia 2019 Drives Entrepreneurship to New Levels in Singapore’s Bakery Confectionary Sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

SINGAPORE – Media OutReach – 29 July 2019 – Chillax Asia 2019, also called Food, Bakery & Beverage Exposition, has driven entrepreneurship deeper into Singapore’s food, bakery and confectionery sector.   Chillax Asia 2019 – Dialogue session with Member of Parliament Teo Ser Luck (centre), SBCTA President Mr Tang Siew Chuan (second from left) and The Planner Affairs’ Mr Thomas Tan (second from right), alongside other guest speakers Following the signing of an agreement between the Singapore Bakery & Confectionary Trade Association, Workforce Singapore and the Employment and Employability Institute…

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