Vietnam 

VN’s growth strategy focus on market economy, technology – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Electric wire production at HCM City -based Tiến Thịnh Co. The country is set to make the transition to a modern market economy. — VNA/VNS Photo An Hiếu HÀ NỘI — Việt Nam’s development strategy for 2021-30 places great emphasis on maintaining peace, social and political stability. The country is set to make the transition to a modern market economy, to spur the development of science and technology, to unleash its private sector’s potential and to invest in education for younger generations, said Prime Minister Nguyễn Xuân Phúc at the…

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Social unrest won’t stop Hong Kong playing a key role in China’s belt and road strategy, say business leaders

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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Money 

More Fortune 500 companies worried about impact of Donald Trump’s China trade war strategy, US Chamber of Commerce says

More than four out of every 10 – or 43 per cent – of Fortune 500 companies have expressed concern in recent months about US President Donald Trump’s aggressive and unpredictable tariffs war with China, according to a report released by the US Chamber of Commerce on Friday.That number increased from 30 per cent at the beginning of the year.Fortune 500 companies are large American firms that account for about two-thirds of the United States’ GDP.Executives with as many as 139 of the companies… Source link

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Boris Johnson’s brother in Hong Kong backs his Brexit strategy as he plans UK hotel fund targeting Asian investors

Boris Johnson’s “do-or-die” strategy to take Britain out of the European Union could work, said his youngest half-brother Max, who plans to launch a £1 billion (US$1.2 billion) real estate fund targeting Asian investors.“I am confident that the prime minister can get [it] done, because he has true determination and conviction to deliver Brexit on or before October 31,” the Hong Kong-based banker-turned-entrepreneur said in an interview. “If he can’t do it, I don’t know who can.”“I would expect… Source link

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China 

Donald Trump doubles down on China trade strategy

This story is published in a content partnership with POLITICO. It was originally reported by Doug Palmer on politico.com on August 7, 2019.US President Donald Trump defended his confrontational stance in trade negotiations with China, insisting the eventual gains from an elusive agreement with the world’s second-largest economy will offset any short-term pain and stock market losses.“I think the market reaction is anticipated,” Trump told reporters on Wednesday before departing on a trip to… Source link

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China’s Bosideng outlines strategy to become premium outerwear brand; dismisses short-seller accusations as ‘misleading’

Bosideng International Holdings, China’s largest down clothing maker, will take its product upmarket and online to compete with imported brands like Canada Goose and Moncler, as it puts up a defense against a shortseller’s report.Bosideng’s chairman and chief executive Gao Dekang outlined the company’s strategy to target big spending twenty-somethings and millennials at a press conference in Hong Kong on Thursday, following a wild week as the company’s Hong Kong shares were whipsawed after a… Source link

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Vietnam 

VMAC builds strategy for debt trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The VAMC will build a legal framework for the establishment and operation of a bad debt trading platform in 2020-21. — VNA/VNS Photo Trần Việt HÀ NỘI — The Việt Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Việt Nam this year, in which it will play a central role to promote the development of the debt trading market. The company expected to submit the plan to authorities for approval and bring the market into operation next year, it said in the newly released…

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French cosmetics maker L’Occitane’s profit beats expectations as sales strategy pay off

L’Occitane International reported a 21.8 per cent growth in annual net profit on the back of strong sales, handily beating estimates.The Hong Kong-listed French cosmetics said on Monday that profit attributed to shareholders stood at €117.6 million (US$131.88 million) for the year ended March compared to €96.5 million a year earlier. Analysts polled by Bloomberg had a consensus estimate of 14.5 per cent growth in net profit to €108.33 million.Net sales jumped 8.7 per cent to €1.42 billion,… Source link

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Vietnam 

Việt Nam to shape growth strategy for next decade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is confronting a rapidly ageing population, tepid productivity and sluggish investment growth which weigh on the country’s medium-term growth potential. — Photo petrotimes.vn HÀ NỘI – Việt Nam would have to push ahead with bold reforms in institutions, human resources, infrastructure and innovation for better quality growth in the next ten years, experts have said. The Government is shaping a socio-economic development strategy for 2021-30 and a development plan for 2021-25. The next ten-year plan will focus on quality growth, targeting fast but green and inclusive development, and building a modern…

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Tencent to change marketing strategy after Honour of Kings flops abroad

When Chinese internet giant Tencent Holdings made its first big foray overseas with an adaptation of its blockbuster mobile game Honour of Kings in the summer of 2017, executives thought they had a sure-fire success on their hands.The multiplayer role-playing game, in which players hack and slash their way through battle arenas, had 55 million daily active users in China and was raking in roughly US$145 million a month, making it the company’s top-grossing game.But missteps in development and… Source link

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