Vietnam 

More local firms join global supply chains – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Visitors at a conference to seek providers for supporting industries held by the HCM City Department of Industry and Trade on Wednesday (11 September). VNS File Phto/Việt Nam hộinhập Magazine. HCM CITY  — More and more Vietnamese enterprises have become suppliers of supporting products to overseas markets such as the US, Republic of Korea, Japan and Europe.  Representatives of local firms said at a recent conference on the supporting industry held in HCM City that their companies had joined global supply chains and were seeking opportunities to expand their overseas markets.  The conference was held to provide opportunities for local and foreign firms to…

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US, China must restart talks to end trade war, ensuring global semiconductor supply chains remain intact

The United States and China will need to return to the negotiating table and seek an end to their trade war, which would help spur more advances to be made in the highly interdependent field of semiconductors.“This is now a global industry, with everyone dependent on everyone else with these amazing, sophisticated supply chains,” said John Neuffer, president and chief executive of the Semiconductor Industry Association (SIA), at the IC China conference in Shanghai on Tuesday. “It’s very clear… Source link

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China 

China’s pork supply worries increase as local authorities offer discounts to quell rising anger over soaring prices

Local governments in China have moved to quell increased anger over rising pork prices by offering discounts on purchases of the country’s most popular meat, which has seen its supply hit by the outbreak of African swine fever.Customers are only able to buy a small quantity of discounted pork every day, suggesting the serious supply shortage will keep pressure on pork prices and test the government’s ability to control public discontent.In Nanning, the capital city of southern China’s Guangxi… Source link

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Trump’s military rare earths drive opens doors for new US mines amid threats of China supply cut

Donald Trump’s directive to boost domestic production of magnets for military equipment with a goal of cutting the US’ heavy reliance on Chinese rare earths and magnets amid the protracted US-China trade war has opened the door for US mining projects seeking funding.The move could spur the re-establishment of an integrated supply chain for the extraction and processing of rare earth metals and their utilisation to make magnets used not only in fighter jets and tanks, but also electric vehicles,… Source link

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Li & Fung sees more disruptions to global supply chains from US friction with trading partners, as its interim results miss estimates

Li & Fung, the world’s biggest supplier of consumer products, said ongoing adjustments in global supply chains could be disrupted by new spats between the United States and its trading partners, further complicating the commercial relations that have taken decades to build.“While the US-China tension has taken centre stage now, uncertainties also loom between the US andmultiple production countries, which may cause new disruptions in the future,” said the Hong Kong company’s chairman William… Source link

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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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China 

China warned it shouldn’t pin its hopes on Russian soybeans plugging supply gap caused by US trade war

Russian soybean exports to China are likely to remain low for the next few years, an agricultural specialist has warned, suggesting that amount produced will not be enough to provide a real alternative to the US.China suspended purchases of US soybeans and other farm products this month after US President Donald Trump threatened to impose more tariffs on Chinese products, compounding the shortages caused by 25 per cent tariffs on the crop that have been in place since July last year.Russia is… Source link

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Higher deposit for land sales will add pressure on small firms, tightening the big developers’ grip on Hong Kong’s land supply

The recent move by Hong Kong’s government to double the deposit for land tender sales, raised to deter defaults, will add to the financing pressure on small developers and put them at a disadvantage when they buy land in the world’s most expensive property market, analysts said.A HK$50 million (US$6.4 million) deposit now applies on all land parcels that are valued at over HK$400 million, while plots assessed at between HK$200 million and less than HK$300 million requires a non-refundable… Source link

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Vietnam 

Official channel to feed real estate market with supply info – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Hà Nội. Lack of information on real estate supply was blamed for land fevers and price manipulation practices. — VNA Photo  HÀ NỘI — An official channel that will provide Việt Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA). Official sources said a pilot programme is underway to collect…

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Vietnam 

VN company to supply wood pellets destined for Japan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Eastwood Energy JSC signs a long-term contract with CellMark to sell a minimum of 300,000 tonnes of wood pellets a year from 2021 for export to Japan in HCM City on August 8. — VNS Photo HCM CITY — Eastwood Energy Joint Stock Company on Thursday signed a long-term contract with CellMark, a global supply chain service company, to sell a minimum of 300,000 tonnes of wood pellets a year from 2021 for export to Japan. Speaking at the agreement signing ceremony, Phạm Trung Cang, chairman of Eastwood Energy,…

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