Vietnam 

State Treasury raises VNĐ1.8 trillion via G-bond auction – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — The State Treasury of Việt Nam raised VNĐ1.8 trillion (US$78.2 million) through a Government bond auction on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ3 trillion worth of G-bonds were offered, including 10-year bonds valued at VNĐ1 trillion; 15-year bonds worth VNĐ1 trillion and 30-year and 7-year bonds each worth VNĐ500 billion.  The 10-year bonds mobilised VNĐ800 billion with an annual interest rate of 4.72 per cent.  A single bidder bought 10-year bonds at the price of VNĐ500 billion, with a yield rate of 4.72…

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China 

China’s foreign exchange reserves hit seven-month high of almost US$3.1 trillion in March

China’s foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a US-China trade deal offset concerns over slowing economic growth.Chinese reserves, the world’s largest, rose by nearly US$9 billion in the month to US$3.099 trillion, its highest since August, according to central bank figures released on Sunday.Economists polled by Reuters had expected the reserves to rise by US$5 billion to US$3… Source link

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Home 

It’s time for China to allow foreign credit rating agencies into its US$13 trillion bond market, say experts

International rating agencies must be allowed to operate in China if foreign money is to flow freely into its bond market, said industry experts.China’s US$13 trillion bond market, the world’s third largest, is gradually opening up to foreign players as it starts to join global bond benchmarks.The next key step must be for all global rating agencies to be granted access to the Chinese market, so overseas investors can understand and compare the ratings with those at home, said Nick Gendron,… Source link

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Vietnam 

VN to raise VNĐ1.7 trillion to build national innovation centre – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The national innovation centre aims to enhance technology and innovation capacity of Vietnamese firms. – Photo tuyengiao.vn Viet Nam News HÀ NỘI — Việt Nam plans to raise VNĐ1.7 trillion (US$71.5 million) of investment from the private and foreign sectors to develop the national innovation centre (NIC). According to a draft project which the Ministry of Planning and Investment recently submitted to the Government for consideration, the NIC will be built on 23 hectares in Hòa Lạc Hi-tech Park, without using any State funds. Building the NIC…

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Vietnam 

Hải Phòng needs VNĐ3.5 trillion to develop logistics by 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Hải Phòng needs more than VNĐ3.5 trillion (US$147 million) to invest in developing logistics services in the northern port city over the next two years. According to the logistics services system development planning to 2025 recently passed by the municipal People’s Committee, the city plans to attract private investment in developing logistics services, including from foreign investors, adding that incentive policies would be offered to create favourable conditions for investors. Of the sum needed for the 2018-20 period, only 15 per…

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China 

US-China trade war could slash US$1 trillion from US economy in a decade warns Chamber of Commerce

The year is 2029, the US-China trade war is still being waged, and it has cost the American economy US$1 trillion.That is the warning contained in a new report commissioned by the US Chamber of Commerce, which calculates the cumulative hit to US growth over the next decade should trade tensions with China continue to escalate.The study, conducted by the Rhodium Group, unpacks the economic impact of three rounds of tit-for-tat tariffs to date and also estimates the effect of a tariff increase to… Source link

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Opinion | Proposed HK$1 trillion East Lantau Metropolis is the answer to Hong Kong’s future land needs

Seven public rental estates, comprising 20,600 units, are over 50 years old and ready for redevelopment. Yet, it has taken over four years to go through the town planning process to identify a feasible relocation site for the 9,100-unit Wah Fu Estate alone. Chief Executive Carrie Lam Cheng Yuet-ngor shows a pamphlet on the Lantau Tomorrow Vision proposal during a press conference on October 10, 2018. Photo: Dickson Lee The 7,400-unit Choi Hung Estate is facing the same challenge to dig out a massive relocation site. The Housing Authority currently…

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‘Shock wave’ for energy markets as Norway’s enormous US$1 trillion sovereign wealth fund dumps oil and gas investments

Norway’s sovereign wealth fund, the world’s biggest thanks to petrodollars, will sell off stakes in oil and gas exploration and production companies to reduce its exposure to black gold, the government said Friday.While the decision is based solely on financial considerations and not on the environment or climate change, a divestment – even partial sell-off – by an investor worth more than US$1 trillion was seen as a major blow to polluting fossil fuels and was swiftly hailed by the… Source link

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Which economy, estimated at US$28 trillion, is bigger than the US or China? It’s women

Narrowing the gender gap in the workplace could boost global gross domestic product by 31 per cent or US$28 trillion, the size of the US and China GDP combined, according to a report by BofA Merrill Lynch.But the current pace at which the gap is reducing, it will take 202 years to close the gap. And analysts say that there is still a long way to go to advance gender equality in the workplace as millions celebrate International Women’s Day on Friday.By 2020 women are expected to hold US$72… Source…

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The 2 trillion yuan question: will China’s stimulus measures be enough to boost the economy?

How’s the Chinese economy doing? According to official data, it grew 6.6 per cent in 2018. Fourth-quarter GDP growth slowed, but not enough to indicate an economic slump. However, trade data seems to tell a different story from the GDP headline figures: imports of manufactured goods declined substantially in the second half of 2018, painting a more fragile picture of domestic demand. It’s worth bearing in mind that trade figures are more reliable as they can be cross-checked with trade… Source link

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