Smartphone shops in Hanoi and Ho Chi Minh City on September 26 offered the VND40 million price for 256GB storage option. Higher storage options of 512GB and 1TB cost VND45 million and VND58 million, respectively. Traders queued up to buy the product at Apple stores in Singapore and Thailand and brought them to Vietnam unofficially. The first ones were available on Friday last week, one week before they are sold officially in Vietnam, at prices around VND70 million, or nearly 50% higher than official prices in Vietnam. Nguyen Hieu, owner of an unofficial Apple shop in Hanoi, said that he had anticipated the drop in prices this year as the iPhone is sold in Vietnam only one week later than Apple’s tier-1 markets, compared to several weeks in previous years. He only bought 20 iPhone 15s to sell in the last three days. Retail chains are reporting a shortage of the most expensive option, the iPhone 15 Pro Max, due to high demand from preorders. Customers will … [Read more...] about iPhone 15 prices plunge 20% in three days
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Soft momentum likely for Q3: UOB
According to the latest report of UOB, after starting off the year at a sluggish pace, with real GDP growth in Q1 decelerating to 3.28 per cent on-year, from 5.92 per cent in the previous quarter, growth momentum in Vietnam remained lethargic, largely due to weak external demand coupled with an underperforming manufacturing sector. As a result, economic growth in Q2 expanded just 4.14 per cent on-year, for a cumulative growth rate of 3.72 per cent on-year in H1, well below the official growth target of 6.5 per cent. In terms of sectoral performance, manufacturing (including construction), which accounts for about 34 per cent share of the economy, managed to gain about 1.1 per cent on-year in Q2 with a positive contribution in H1. Meanwhile, the services sector (43 per cent share) managed to cushion some of the weaknesses from the external sector, rising 6.1 per cent on-year in Q2 following the 6.6 per cent on-year run in Q1. The services sector contributed 2.7 percentage points, … [Read more...] about Soft momentum likely for Q3: UOB
Rich nations, China must accelerate race to net zero: IEA
Wealthy countries must now reach carbon neutrality in around 2045, five years early, and China should speed up by a decade to 2050 to keep to the Paris goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels, the IEA said. "The world has already delayed too long to avoid hard choices," the global energy watchdog said. The report, which comes ahead of crunch UN climate talks, updates the IEA's landmark 2021 "Net Zero Roadmap", which said new fossil fuel development was incompatible with global decarbonization by mid-century. IEA chief Fatih Birol said he was more "hopeful" now than two years ago, thanks to record growth in solar power capacity and electric car sales in line with the IEA's pathway to net-zero emissions. He praised "very impressive" policies in the United States, Europe, China, and India that have helped drive clean energy investment up 40 percent to $1.8 trillion this year. But he added that to reach net zero this needs to reach $4.5 … [Read more...] about Rich nations, China must accelerate race to net zero: IEA