Vietnam 

VN retail market needs a development strategy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Consumers shop at a Vinmart store in Hưng Yên Province. Việt Nam retail market needed a comprehensive development strategy to ensure on-tract development of domestic trade. — VNA/VNS Photo Phạm Kiên Viet Nam News HÀ NỘI — Việt Nam’s retail market needs a comprehensive development strategy to boost domestic trade, experts said at a conference in Hà Nội yesterday. The retail market has seen significant developments in recent years, but the industry lacked a development strategy which resulted in lack of connections between market participants, said Lê Xuân Đình,…

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Vietnam 

Việt Nam’s marine development strategy introduced in Malaysia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Lạch Huyện Seaport in the northern port city of Hải Phòng. Shipping plays an integral role in the country’s economy. – Photo laodong.vn Viet Nam News KUALA LUMPUR — The Vietnamese Embassy in Malaysia introduced the country’s strategy for the sustainable development of its sea-based economy at the Maritime Institute of Malaysia (MIMA) on Tuesday. The event attracted representatives from Malaysian ministries of foreign affairs, defence, transport, universities, and research institutes, as well as diplomatic corps from the US and Australia. Vietnamese Ambassador Vũ Hải Đăng…

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Vietnam 

VN needs strategy to promote private firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest, attendees heard at a conference in Hà Nội on Friday. “After more than three decades of Đổi Mới (Reform), Việt Nam does not have a true development strategy for private firms,” economic expert Trần Đình Thiên said at the forum about private sector development held by the Việt Nam Institute of Economics. He said that more…

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Vietnam 

Deputy PM issues regulations for industrialisation strategy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Prime Minister Trịnh Đình Dũng has recently issued the working regulations of the Steering Committee for Việt Nam’s Industrialisation Strategy within the Việt Nam – Japan co-operation framework until 2020 with a vision to 2030.— VNA/VNS Photo Danh Lam HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has recently issued the working regulations of the Steering Committee for Việt Nam’s Industrialisation Strategy within the Việt Nam – Japan co-operation framework until 2020 with a…

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China 

China’s tech strategy all talk, no action and a waste of taxpayers’ money, says its former finance minister Lou Jiwei

“Made in China 2025” has been a waste of taxpayers’ money, China’s former finance minister Lou Jiwei has said, as Beijing tones down its tech development strategy and nears reaching a trade deal with Washington.“[Made in China] 2025 has been a lot of talking but very little was done,” Lou, chairman of the National Council for Social Security Fund, said on Wednesday on the sidelines of Beijing’s annual meeting of its policymaking bodies, or “two sessions”.“There was no need to talk about the… Source link

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Ecommerce 

JD.com sets strategy to expand into China’s smaller cities, offline businesses

Workers talk as displays show sales data at the command centre at the headquarters of e-commerce retailer JD.com in Beijing, Sunday, November 11, 2018. Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. (AP Photo/Mark Schiefelbein) Source link

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Home 

Tencent defends investment spree as core strategy amid venture ‘capital winter’ concerns

Tencent President Martin Lau Chi-ping launched a robust defence of the company’s practice of taking stakes in hundreds of companies, saying that investment is part of the Chinese internet giant’s core strategy.“Last year, there were those who equated Tencent doing investments to the company losing its aspirations, Tencent becoming like an investment bank,” Lau, a former Goldman Sachs investment banker, said at an annual gathering with its investee companies in Beijing last month.“In reality,… Source link

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Vietnam 

New FDI strategy must link firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Kyle Kelhofer, IFC Country Manager for Việt Nam, Laos and Cambodia. — Photo ndh.vn Viet Nam News HÀ NỘI — Foreign direct investment (FDI) capital is a major driver of Việt Nam’s economic development. On the sidelines of the Việt Nam Economic Forum 2019 held last week, Kyle Kelhofer, IFC Country Manager for Việt Nam, Laos and Cambodia, and Ganesan Ampalavanar, CEO of Nestle Việt Nam, spoke to Việt Nam News reporter Nguyễn Linh Anh about opportunities to…

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Vietnam 

Strategy needed to promote local trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam lacks an overall strategy to promote the sustainable development of domestic trade in the context of deep international integration, heard a conference held in Hà Nội on Tuesday. Đỗ Thắng Hải, deputy minister of Industry and Trade, said domestic trade had played an important role in product consumption, meeting with goods demand and contributing to economic development. In 2016-18, the average contribution of domestic trade to GDP was more than 10 per cent a year, creating jobs for about…

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Property 

Sino Land’s low-price strategy pays off as buyers snap up flats at Grand Central project in Kwun Tong

A low-price strategy has proved effective in attracting anxious buyers as a prime residential project generated the strongest sales since October amid a property market correction in Hong Kong. In stark contrast to recent launches that has seen sales reaching at best 30 per cent of what was on offer, buyers shrugged the cold weather to snap up nearly 70 per cent or 330 of the 488 flats on offer at Sino Land’s Grand Central 1,999-unit development in Kwun Tong by 3:00pm on Thursday. “I’ve done some comparisons, and I…

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