Heather and husband George arrived in Shanghai from New York in 2006 for a one-year adventure, but 16 years later their two-bedroom apartment in Shanghai’s historic former French Concession is the only home their children have ever known. So while repatriating to the United States is technically a homecoming for Heather and George, leaving Shanghai means leaving home for daughters Charlotte, 14, and Matilda, 12. Heather spent the month of June readying for a return to the United States. Her husband left weeks earlier with their family dog to help prepare for their new life in Washington D.C. "I haven't had the luxury to really grieve a lot of what I'm leaving behind because I need to get two kids and a cat out of here ... so it's been really focused on that logistics," she told Reuters from her flat which had just been emptied out by movers. The Kaye family are part of an exodus of both foreigners and locals from Shanghai as China's most cosmopolitan city tries to find its … [Read more...] about Goodbye Shanghai: After 16 years, Covid curbs send American family packing
Cpi base year
Strategy to invest in oil and gas stocks based on trend of worldwide prices, illustration photo At a talk show on selecting stock portfolios organised by VIR last week, Hoang Viet Phuong, director of Analysis at SSI Securities, said that liquidity has decreased considerably over the past few weeks, sparking concerns about cash flow. “There has been an obvious decline in the participation of investor groups who speculate or manipulate stocks. Secondly, investors have become more hesitant and worried about the risks in the stock market following its recent dip,” Phuong said. As the VN-Index surpassed the 1,200-point mark, experts have predicted that the market will undergo fluctuations, presenting certain difficulties to investors, especially short-term ones. “We expect the market to go sideways in anticipation of a recovery in the market,” Phuong said. In the third quarter, sectors related to commodity prices or supply chain disruption – such as oil, gas, and marine logistics … [Read more...] about Strategy to invest in oil and gas stocks based on trend of worldwide prices
Projected GDPs for ASEAN+3 countries. Viet Nam is forecast to be the second fastest-growing economy in the region this year. — Photo amro-asia.org Viet Nam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3 per cent this year and 6.5 per cent next year, well above the region-wide figures which were estimated at 4.3 per cent and 4.9 per cent respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5 per cent and 7.0 per cent in the April update. “Viet Nam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates … [Read more...] about Viet Nam to do well economically this year and the next: AMRO
Patrick Lenain - Former assistant director Organisation for Economic Co-operation and Development Schools and universities will need to adopt new technologies. Public transportation networks will need to be upgraded. Large-scale logistical hubs will be required to remain integrated in global supply chains. Old-age citizens will need welfare support. Electricity generation will need to decarbonise. Coastal cities will need to adapt to rising sea levels. Military spending will need to protect the country. And it is obvious that health spending remains a priority. Unfortunately, tax revenue is at present too limited to finance these large investments. Vietnam’s government collected tax revenue equivalent to 16 per cent of GDP last year, according to the International Monetary Fund. This is less than Malaysia (18.3 per cent), Singapore (18.5 per cent), India (19.7 per cent), Thailand (20.3 per cent), and China (27 per cent). This is also less than before the pandemic, reflecting … [Read more...] about Tax for development: Does Vietnam need tax reform?
China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK), according to Japan’s news service Nikkei Asia. The Japanese newswire reported that Xiaomi plans to meet growing local demand for smartphones and will continue to support exports to Southeast Asia, including Malaysia and Thailand. Pandaily, a tech media based in Beijing, also stated that Xiaomi is in the process of working with Chinese electronics manufacturing company DBG Technology, which runs a 200,000 square metre factory in Vietnam. The same factory will also produce data transmission equipment and circuit substrates. Until recently Xiaomi had only been focused on producing smartphones in China and India. However, COVID-19 restrictions not only disrupted supply chains, but also reduced sales, prompting the firm to spread out its production locations. … [Read more...] about Xiaomi launches production of smartphones in Vietnam
A Lockdown Mode being added to iPhones, iPads, and Mac computers is intended to counter threats from a thriving industry that provides sophisticated espionage tools to governments. "While the vast majority of users will never be the victims of highly targeted cyberattacks, we will work tirelessly to protect the small number of users who are," Apple head of security engineering Ivan Krstic said in a blog post. The tech giant is upping the bounty it pays researchers for uncovering vulnerabilities in its software when it comes to Lockdown Mode, raising the maximum reward to $2 million. Concerns over digital snooping have been fueled by media outlets reporting that Pegasus spyware made by NSO Group in Israel was being used by governments to surveil opponents, activists and journalists. Apple is suing NSO Group in U.S. federal court, saying the Israeli firm's spyware was used to attack a small number of iPhone users worldwide. "State-sponsored actors like the NSO Group spend … [Read more...] about Apple devices getting beefed-up defense against spyware