Region 9 economic development

Hanoi (VNA) – The acceleration of a digital economy is one of the Vietnamese government’s focuses to foster economic restructuring in combination with renewing the growth model and growth quality. Vietnam needs to make the best use of the Fourth Industrial Revolution to build a digital society and develop a digital economy, towards an industrialised country by 2045. Digital transformation will help hike Vietnam’s GDP by 1.1 percent each year. This requires Vietnam to conduct the process more strongly because digital transformation is the key to building a digital economy. According to the General Statistics Office, labour productivity in the Vietnamese economy was estimated at 102 million VND (4,512 USD) per workhand in 2018, up 5.93 percent from the previous year. In the 10-year period (from 2007-2016), Vietnam recorded a high productivity increase compared to other ASEAN nations with an annual average increase of over 4 percent. However, Vietnam's labour … [Read more...] about Digital transformation: The key to digital economy development

A way out In order to secure the set overspending for this year of VND368.3 trillion ($16 billion), the NA has assigned the government to make great efforts to “increase revenues and radically reduce spending”, and “seek more loans in order to offset state budget overspending in a manner suitable to the speed of central revenue collection and budget disbursement in 2020.” … [Read more...] about Budget rise to cushion country’s growth hopes

“The government will continue to pursue fiscal consolidation. While disbursement on capital expenditure should speed up, the government is continuing its efforts to strengthen revenue collection and impose much tighter controls on nonessential spending to contain the budget deficit and improve public debt sustainability,” Cuong said. … [Read more...] about Tight control of debt safeguarding finances

Although Taiwan (China) is not a part of the RCEP, most of Foxconn's production bases are in mainland China. Indeed, despite the northern neighbour being part of the trading bloc, the uncertainty surrounding their relations with the United States has led many companies, including Foxconn, to search for better production sites.  … [Read more...] about Foxconn to inject US$270 million to expand production in Vietnam

About Sunlight REITSunlight REIT (Stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and supplemented by six supplemental deeds) (the "Trust Deed"), and has been listed on The Stock Exchange of Hong Kong Limited on 21 December 2006. Sunlight REIT offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft.. The office properties are primarily located in core business areas, including Wan Chai and Sheung Wan, as well as in decentralized business areas such as Mong Kok and North Point. The key retail properties are situated in regional transportation hubs and new towns including Sheung Shui, Tseung Kwan O and Yuen Long. … [Read more...] about Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes