US Trade Representative Robert Lighthizer (left) and Treasury Secretary Steven Mnuchin wait to greet Chinese Vice Premier Liu He for trade talks. — AFP Photo WASHINGTON — Critical US-China trade negotiations were heading into a second day on Friday, under the shadow of steep new tariffs on Chinese goods that took effect just after midnight. President Donald Trump got a briefing from his trade negotiators, but made no move to hold off on the tariffs -- dashing hopes there might be a last minute reprieve as the negotiations continued. The punitive duties on US$200 billion in imports from China now will more than double to 25 per cent -- a move Beijing has vowed to retaliate against. Locked in a trade dispute for more than a year, officials from the world's two biggest economies returned to the bargaining table late on Thursday, led by Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin. Since last … [Read more...] about US-China trade talks head into 2nd day as new tariffs hit
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The Hanoitimes - Digitalization is an opportunity for Vietnam to leapfrog and become an industrialized nation very soon. Digitalization – the best way to help Vietnam obtain SDGs, UNDP says It’s time for Vietnam to use ICT for better accessibility to public sector Vietnam has experienced more than two decades of connecting to the Internet and joined the race of digital transformation around the globe. Illustrative photo Connected to the Internet in 1997, Vietnam has demonstrated a fast change in socio-economic development to rank itself among the 20 countries with the largest numbers of Internet users in the world. Vietnam has witnessed a steep rise in Internet, smartphone, and social media adoption in the last decade. As one of the fastest growing economies in the region, the country is intent on maximizing the opportunities presented by the Fourth Industrial Revolution, with e-government initiatives located at the heart of the public sector … [Read more...] about How digitalization transforms Vietnam?
Comcrop’s 600-square-meter (6,450-square-foot) farm on the roof of one of the malls uses vertical racks and hydroponics to grow leafy greens and herbs such as basil and peppermint that it sells to nearby bars, restaurants and stores. The farm’s small size belies its big ambition: to help improve the city’s food security. Comcrop’s Allan Lim, who set up the rooftop farm five years ago, recently opened a 4,000-square-metre farm with a greenhouse on the edge of the city. He believes high-tech urban farms are the way ahead for the city, where more land cannot be cultivated. "Agriculture is not seen as a key sector in Singapore. But we import most of our food, so we are very vulnerable to sudden disruptions in supply," Lim said. "Land, natural resources and low-cost labor used to be the predominant way that countries achieved food security. But we can use technology to solve any deficiencies," he said. Singapore last year topped the Economist Intelligence … [Read more...] about With farms atop malls, Singapore gets serious about food security
Edelweiss launches Zurich-HCMC air service Vinalines to auction shares of its subsidiary Viet Nam National Shipping Lines (Vinalines) will auction over 13.44 million shares of its holding in Viet Nam Transport and Chartering Joint Stock Company (Vitranschart) on December 5, the Ha Noi Stock Exchange has announced. The shares, accounting for a 22.03 per cent stake of Vitranschart, will be auctioned at the Ha Noi bourse at the starting price of VND1,200 (5 US cents) a share. Vinalines is currently Vitranschart’s parent shareholder with a total of 35.4 million shares, equivalent to 58 per cent of the firm’s voting shares in circulation. Currently, Vitranschart is trading at VND700 per share, and there is almost no matched stock in recent sessions. Vitranschart reported a loss of more than VND182 billion in the first nine months of 2018. Although this figure was VND40 billion lower than in the same period last year, the loss contributed to raising the accumulated … [Read more...] about BUSINESS NEWS IN BRIEF 18/11