Medequities real estate trust

Vietnam is following a skeptical interest rate policy, with few and minor adjustments. More central banks have cut prime interest rates in a trend of loosening monetary policies worldwide. The Australian central bank has for the second time in the last month slashed the interest rate. And the Indian central bank has eased the interest rates for the third time this year. The central banks of Japan, the UK and the EU have not made adjustments, but are showing signs of considering and getting ready to ease interest rates to maintain the economic growth, especially after the US FED decided to maintain interest rate in the June meeting. The monetary loosening was a big surprise to many analysts. Prior to that, in 2018, many monetary policy operators raised the interest rates. How about Vietnam? Kim Chi  Banks cut priority loan interest rates Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including … [Read more...] about Vietnam cautious about interest rate policy

To cope with rainfall, sea water level rise and land subsidence, HCM City is discussing with Dutch experts the possibility of building multi-task dykes to prevent floods and provide water in districts 2 and 9. This will be a huge project capitalized at $1.266 billion. Along with the multi-function dyke system, the Dutch experts have proposed organizing activities to create revenue, such as golf courses, parking lots, shops, entertainment areas and a conference center. He said flood prevention has relations to urban planning, irrigation planning and canal improvement. In order to settle the problem, many measures need to be implemented at the same time. HCM City authorities have taken steps, including repair of the sewer system, dredging of the Nhieu Loc Canal, installing high-capacity pump and upgrading the bed of roads. But problems remain. “The rivers and canals in the city, which served as drainage systems, are filled up. The rivers and canals have been cleared to … [Read more...] about HCM City considers flood-prevention project with Dutch technology

The U.S. market currently accounts for some 47% of Vietnam’s apparel revenue, while the ratio for Vietnamese leather shoe exports is 37%. Therefore, the accelerating trade war will have a significant impact on the nation’s key export products, according to a Nguoi Lao Dong newspaper report. The more opportunities, the more risks The Ministry of Industry and Trade has reported to the prime minister the influences of the U.S.-China trade war, noting the danger of a large inflow of Chinese apparel and leather shoe products. However, from another perspective, the trade war could help Vietnamese firms expand their market share and raise exports to the United States, as international manufacturers will have to transfer their production orders from China to Vietnam. According to Diep Thanh Kiet, vice chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO), the trade war may not affect the local shoe industry for the next one to two months because the United … [Read more...] about Vietnam’s shoe, apparel export orders to surge

The growth of the agricultural sector hit a 10 year high during the first half of this year. However, export markets have seen unstable developments from the impact of the US-China trade war, the European Commission (EC)’s extension of a yellow card warning on Vietnamese seafood, unpredictable weather and natural disasters are existing difficulties facing the sector in late months of the year. Domestic market faces intense competition as tariffs hit China and the US are the two major export markets for Vietnam’s agricultural products. The tit-for-tat US-China trade war has created dramatic shifts in the import and export policies of the two powerful economies and this will have a knock-on effect on Vietnamese farm produce. Agricultural products from China will have to find alternative markets to make up for the loss of trade resulting from the US’ increase of import duties on Chinese goods. With their plentiful supply, cheap prices and attractive varieties, Chinese … [Read more...] about US-China trade war puts pressure on Vietnamese agricultural products

A project aimed at raising awareness on child sexual abuse in Vietnam has aroused controversy for displaying child models with pregnant bellies in haunting photos without covering their faces. The 12-piece photo album, named ‘Nhung Dua Tre Mang Bau’ (Pregnant Children), was produced by SHINE Academy, a private center that provides soft skills training for children. In the photos, girls in their preadolescence appear to be pregnant and either alone, in a small group, or interacting with their aggressors. A look of terror and dismay is present on all of the subjects’ faces, highlighted by gloomy backgrounds. A combination of photos in the ‘Nhung Dua Tre Mang Bau’ album. Photo: SHINE Academy The album is part of a communications project to “raise community awareness on sexual abuse against children”, SHINE Academy writes on Facebook. “At first we were petrified by the idea [of children posing as pregnant], but it brought us joy to think … [Read more...] about Photos to raise awareness of child sexual abuse raise eyebrows in Vietnam