Singaporean enterprises seek opportunities in Vietnam A Singaporean mission of nearly 20 firms will visit Vietnam from October 15 to 19 to sound out cooperation prospects. The trip is jointly held by the Vietnam Trade Office in Singapore, the Malaysia-Singapore Chamber of Commerce and Industry and the Singapore Business Federation. According to the organizers, the Singaporean delegation includes representatives of large corporations, such as Sembcorp, which has developed seven Vietnam-Singapore industrial park projects in Vietnam, and NTUC, the retailer accounting for more than half of Singapore’s market share. Besides visits to corporations and industrial parks in Vietnam, there will be trade promotion meetings in HCMC and Can Tho City so that enterprises of the two countries can seek partners and export goods. Representatives of the South Agency of the Ministry of Industry and Trade, the HCMC Department of Industry and Trade and the Vietnam Trade Office in Singapore will also … [Read more...] about BUSINESS NEWS IN BRIEF 18/10
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Bank of Japan governor Haruhiko Kuroda - Photo: Asia Times U.S. President Donald Trump's "America First" policies and escalating Sino-Chinese trade frictions have overshadowed a weekend meeting of G20 finance leaders, many of whom expressed concerns over the harm to global growth from trade conflict. Kuroda urged global policymakers to continue their dialogue with a "renewed recognition on the importance of free trade," warning that further escalation of protectionism would harm trade, business confidence and global growth. "The recent rise of protectionist moves and tightening of financial conditions in some economies remind policymakers of the importance of being vigilant at all times," Kuroda told a seminar on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Indonesia. "We should pay more attention to protectionist moves, as global economies have become increasingly interdependent through global value chains," he said. In Japan, a … [Read more...] about BOJ’s Kuroda warns of darkening global prospects as trade tensions weigh
On Wednesday next week (September 26), the Asian Development Bank (ADB) will officially launch its Asian Development Outlook Update 2018. It is expected that the bank will continue its optimistic view on Vietnam’s economic outlook. Recently the ADB issued its Asian Development Outlook Supplement report, with a projection that the country’s economic prospects will continue to be bright, at 7.1% in this year and 6.8 % next year. All economic sectors of the country are experiencing quicker growth in 2018 than in 2017. The index of industrial production has climbed to the highest eight-month level since 2011, at 11.2% annually, boosted by strong global demand for exports and continued foreign direct investment (FDI). The General Statistics Office reported that in this year’s first eight months, total retail and consumption services revenue rose to the highest eight-month level since 2015, at 11.2% annually, while agriculture almost doubled to 4.1% growth from 2.1 % in the … [Read more...] about Economy expected to see brighter prospects
If any doubt exists about whether President Obama gets the message that the American public wants him to put revitalizing job growth at the top of his priority list, the last two weeks should surely put them to rest. President Barack Obama speaks about the future of energy and technology competitiveness during his visit … Even as the White House was forced to turn much of its attention to the crisis in Egypt, the president and his aides unveiled an almost daily array of new initiatives aimed at demonstrating that jobs and the economy are now solidly at the forefront of the president\'s agenda. [ For complete coverage of politics and policy, go to Yahoo! Politics ] The onslaught started with the State of the Union address, which the president largely devoted to laying a longer-term vision for strengthening the American economy and competitiveness. Since then, he and his advisors have followed up with a series of proposals to flesh out that vision, laying out plans for … [Read more...] about Obama’s olive branch to big business: Will it work?
Trump says firms doing business in Iran to be barred from U.S. as sanctions hitThe Saigon Times Daily U.S. President Donald Trump holds a Make America Great Again rally in Olentangy Orange High School in Lewis Center, OH, U.S., August 4, 2018 – PHOTO: REUTERS BEIRUT/LONDON (REUTERS) - Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington’s allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran’s nuclear program. Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington’s main European allies Britain, France and Germany, as well as Russia and China. European countries, hoping to persuade Tehran … [Read more...] about Trump says firms doing business in Iran to be barred from U.S. as sanctions hit