Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc is to deliver a welcome speech in the form of pre-recorded video at the online opening of the 17th China – ASEAN Expo (CAEXPO) on November 27, at the invitation of the Chinese Government. In the speech, the PM expresses his delight at the opening of the CAEXPO 17 and the China-ASEAN Business and Investment Summit on the occasion of the 10th anniversary of the ASEAN – China Free Trade Area and the China – ASEAN Year of Digital Economy Cooperation, which contribute to trade and growth of both sides. He congratulates Party General Secretary and President of China Xi Jinping, and the Government and people of China on overcoming difficulties caused by the COVID-19 pandemic and reaping outstanding economic achievements. He also lauds China for sharing its experience in fighting the pandemic and supporting countries in need. According to him, the ASEAN – China cooperation still maintains a positive … [Read more...] about Prime Minister: ASEAN- China ties keep positive growth
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Furthermore, as CIFI continues to demonstrate prudent financial management with a balanced debt maturity profile and solid balance sheet liquidity, Moody's believed that CIFI's debt will improve to 65%-75% over the next 12 to 18 months, from 46% for the 12 months ended June 2020, driven robust revenue recognition on the back of the company's strong contracted sales over the past two to three years, as well as its disciplined approach to pursuing growth and controlling debt increase. … [Read more...] about CIFI’s Corporate Family Rating (CFR) Upgraded to ‘Ba2’ and Senior Unsecured Debt Rating on Its Existing Notes Upgraded to ‘Ba3’ by Moody’s Outlook Stable
In addition, logistics is expected to be the future of the industrial market. In recent years, increasing demand from both traditional retails and continuous growth from e-commerce sectors has put great pressure on existing supply chains, facilities and warehouses. JLL predicts that the growth of retail will contribute to investment activities for the current shortfalls of the industry. … [Read more...] about Industrial property continues dominating Vietnam’s 2020 real estate sector
It is important to note that this was already happening, but the trade war accelerated the process. Dustin Daugherty, head of North American Desk for Dezan Shira & Associates, said “Even prior to the start of the US-China trade war and more recently the outbreak of the Covid-19 pandemic, Vietnam offered the most cost-competitive China alternative for general manufacturing in Asia. … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Hanoi (VNA) – Vietnam’s rice exports by mid-September had declined 0.8 percent in volume but still grown 11.8 percent in value compared to the same period last year. More than 4.8 million tonnes of rice had been shipped abroad by September 15, bringing home 2.4 billion USD, according to the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development. The revenue increase was partly attributed to higher export prices which averaged 489.2 USD per tonne in the first nine months, up 12.4 percent year on year. Besides, the country also recorded stronger shipments of high-quality rice, with white rice making up 40.7 percent of the total value, Jasmine and fragrant rice 37.6 percent, glutinous rice 17.4 percent, and Japonica rice and others of Japanese varieties 4.2 percent. The Philippines, the largest buyer, imported 1.72 million tonnes of Vietnamese rice worth 797.6 million USD in the January-August period, down 2.4 percent in … [Read more...] about Rice exports drop in volume but still rise in value