Thai Prime Minister Prayuth Chan-ocha (R) and Alibaba Chairman Jack Ma in Bangkok on April 20 (Photo: nationmultimedia.com) Bangkok (VNA) – Thai Prime Minister Prayuth Chan-ocha received Alibaba Chairman Jack Ma in Bangkok on April 19, who called the Chinese e-commerce giant to help Thai small- and medium-sized enterprises (SME) access modern technology and branch out their business via e-commerce. The PM also asked the founder of the online shopping giant to assist Thailand to put forth farm produce consumption, especially rice and rubber, via Alibaba’s system. At the meeting, Jack Ma announced that he wants to support Thailand in the development of e-commerce, trade and human resources. On this occasion, Jack Ma and the Thai government’s representatives signed four Memorandums of Understanding (MoU). They include a project to help set up a "smart digital hub" in a showcase project called the Eastern Economic Corridor, to facilitate trade between Thailand, China, … [Read more...] about Alibaba urged to help Thai SMEs expand business via e-commerce
Expand business to china
Vo Hung Dung, VPA Vice President, said Vietnam’s seafood export value to China rose from about 400 million USD in 2014 to 1.8 billion USD in 2017, helping China surpass the US to become the country’s biggest seafood importer. However, he pointed out the possibility of ending contracts ahead of schedule, thus putting Vietnamese businesses at risk. Therefore, it is necessary to be cautious while stepping up exports to this market, the official stressed. Cen Jian, a representative of the Yuexi fisheries association, suggested Vietnamese seafood firms ship their products via official channels to avoid the risk, protecting the interests of both exporters and importers. Ta Minh Phu, President of the Bac Lieu Seafood Association, raised concerns regarding China’s incentives and tax policies for Vietnamese aquatic products. In reply, the Chinese side said Vietnamese seafood businesses enjoy a preferential import tax rate of zero percent for the … [Read more...] about Vietnam expands seafood exports to China
Washington and Beijing are going toe-to-toe in a trade spat, and Vietnam is set to become embroiled in the conflict, for better or for worse. The row is likely to deal a blow to export-reliant Vietnam, as its overseas shipments form part of China’s value chain. “If the U.S imposes high tariffs on China’s broader cross-border supply chain, Vietnam, which exports goods that serve as inputs for China’s exports, will be badly hit,” said economist Le Dang Doanh. It’s unclear whether Washington will tax Chinese firms alone or their wider supply networks. About 2.2 percent of Vietnam’ shipments abroad are part of China’s value chain, Bloomberg quoted date from RHB Bank Bhd as saying. Sharing the same opinion, Steven Schwartz, senior director of sovereign ratings for Asia at Fitch Ratings, said South Korea, Taiwan, Vietnam and Malaysia, all of which export goods – such as machine parts and components for communications equipment … [Read more...] about What does Vietnam have to lose or gain from US-China trade war?
Grab expands its operation to compete with Go-Jek Grab: Ambition to dominate “When people wake up, they will book vehicles via Grab’s ride-hailing app, and then pay the fare via the Grab Financial app. At noon, they will pay for lunch via Grab Pay and book dinner via Grab Food.” This idyllic scenario was painted by Grab CEO Anthony Tan, when talking about M&A deals to expand the firm’s operations via launching a series of services, including Grab Food, Grab Pay, and Grab Financial. Notably, after receiving $2 billion from Didi Chuxing, the Chinese ride-hailing company, and SoftBank from Japan in July 2017 to expand its operations, Grab has connected millions of people with its financial services. Notably, the Grab Pay app was launched in all countries of Southeast Asia. When people wake up, they will book vehicle via Grab’s ride-hailing service app, and then pay the fare via Grab Financial app. At noon, they will pay for lunch via Grab Pay and … [Read more...] about Grab expands operations to take on Go Jek
(VEN) - Under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), Australia will zero out 90 percent of import tariff lines in 2018, and 100 percent by 2020. This will create opportunities for Vietnamese businesses to boost exports to Australia. The Footscray Market in Melbourne, Australia sells plenty of Vietnamese dragon fruit VEN - A delegation of officials from the Australian Department of Agriculture and Water Resources recently worked with the Bac Lieu Province People’s Committee to learn about the shrimp production and export chain in the locality. The delegation praised Vietnam’s efforts to create disease free shrimp breeding areas meeting export standards. The Australian side will inspect and recognize these areas if they meet its criteria, enabling Vietnam to export fresh shrimp to Australia and to become the first country to export this product to Australia. Vietnamese authorities have adopted specific measures to take advantage … [Read more...] about Promising prospects for exports to Australia