Economy

Rachel Duan, president and CEO of GE Global Growth Organization Globalisation has created an era of growth and interconnectedness among economies that drives progress around the world in areas such as transportation, healthcare, and communications. As the world has grown “smaller”, new partnerships have been formed, new wealth was created, and new opportunities emerged for both developed and developing nations. But growth in these partnerships was not always equal. Some countries fared better than others, and in general, developed nations tended to get the better end of the bargain with their robust local markets, established supply chains, and skilled workforces. Now, however, leverage in connected economies is shifting and the Bloomberg New Economy Forum this week dives into just this topic. Nations previously known as “developing” have established firmer financial footing and have moved to more valuable parts of the supply chain. I believe that the … [Read more...] about GE shares views about partnership for new economies

Many retail models and entertainment services in large cities have not been successful when trying to develop a night economy. Retailers Many retail models and entertainment services in large cities have not been successful when trying to develop a night economy. Having expanded the network, but after 14 years of operation, in early 2019, Shop&Go, the 24h convenience store, had to sell to VinCommerce, a subsidiary of Vingroup and stop operating at night. The retailer had made heavy investment, but the business result was not as good as expected. Multi-billion dollar projects Kim Chi  The growing importance of the night-time economy The UK's night-time economy is now said to be the UK's fifth-biggest industry with annual revenues of £66bn. Experts argue about night-time economy development In July 2019, ministries and people’s committees of central cities and provinces received a request to study Chinese policy on night-time economy … [Read more...] about Businesses struggle to light up night-time economy in Vietnam

Successful bidders of five-year bonds would enjoy an interest rate of between 2.93 – 2.97% per year, seven-year bonds 3.4%, and 15-year bonds 4.4%. The winning interest rate for 20-year bonds is 5.1% while those for 30-year bonds range from 5.39 to 5.42% per year. Compared to February, the coupon rates of five- and 15-year bonds respectively declined 0.08 and 0.12% per annum. In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 1 billion, worth more than VND122 trillion (US$5.35 billion), up 65% in value from February. Meanwhile, trading volume through repurchase agreements (repos) reached over 1.42 billion bonds worth over VND148.8 trillion (US$6.53 billion), up 77.5% in value month on month. Foreign investors also made outright purchases of more than VND7.7 trillion (US$338 million) and outright sales of over VND7.2 trillion (US$316 million). They made repo sales of over VND346 billion (US$15.19 million) but did not make repo buys in … [Read more...] about Nearly US$500 mln worth of G-bonds mobilised in March

Vietnam Economy HSBC economists report on Vietnam’s prospects during 10-day visit By Thanh Thom Friday,  Nov 22, 2019,10:25 (GMT+7) HSBC economists report on Vietnam’s prospects during 10-day visitBy Thanh Thom A worker operates equipment at the Phu My 1 thermal power plant in the southern province of Ba Ria-Vung Tau. Vietnam’s manufacturing worker wages are among the lowest in Asia, but the growth rate is high – PHOTO: VNA HCMC – Limited land and labor resources, increasing wages and a lack of local suppliers in Vietnam could make the cost/benefit equation less attractive for foreign direct investment (FDI) firms in the foreseeable future, HSBC said in its latest Asia Frontier Insights report, pointing out various issues that need to be addressed to ensure continued growth. During their 10-day visit to Vietnam, HSBC economists found that rising land costs and the availability of appropriate … [Read more...] about HSBC economists report on Vietnam’s prospects during 10-day visit

  Farmers in Đồng Tháp Province’s Sa Đéc City grow daisies for the busy Tết holiday period. — VNA/VNS Photo Nguyễn Văn Trí HCM CITY — Farmers in the Cửu Long (Mekong) Delta are growing more new flower varieties for the Tết (Lunar New Year) festival, which falls on January 25. In Đồng Tháp Province’s Sa Đéc City, one of the delta’s largest flower growing areas, hundreds of new flower varieties, including various types of new foreign roses and daisies, have been planted for Tết. Farmer Nguyễn Phước Lộc in Sa Đéc’s Tân Khánh Đông Commune is growing dozens of thousands of rose pots with more than 130 varieties, many of which are new. Nguyễn Văn Tiếp, chairman of Tôi Yêu Màu Tím Clubhouse in Sa Đéc, said the … [Read more...] about Delta farmers grow new flower varieties for Tết