IMF's Lagarde warns against trade, currency wars, urges fix to global rulesThe Saigon Times Daily Christine Lagarde, International Monetary Fund (IMF) Managing Director, attends a news conference in Tokyo, Japan October 4, 2018 – PHOTO: REUTERS NUSA DUA (REUTERS) - International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil "innocent bystanders." Formally launching the IMF and World Bank annual meetings on the Indonesian resort island of Bali, Lagarde urged countries to "de-escalate" trade conflicts and fix global trading rules instead of abandoning them. The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other's goods over the past few months, rattling financial markets as investors worry that the escalating trade conflict could knock global trade and investment. The tariffs stem from the Trump … [Read more...] about IMF’s Lagarde warns against trade, currency wars, urges fix to global rules
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Viet Nam News HÀ NỘI — Some 20 years after the Asian financial crisis brought many Southeast Asian nations to their knees, business sentiment is buoyant in a region that now functions as one of the primary engines of global growth, according to the results of our inaugural Business Barometer: OBG in ASEAN CEO Survey. Around 84 per cent of executives surveyed across six ASEAN states – Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Việt Nam – had positive or very positive expectations for local business conditions in the coming 12 months, while 72 per cent were likely or very likely to make a significant capital investment. The upbeat results reflect Asia’s emergence as the main driver of global economic expansion. The IMF forecasts the GDP of the “ASEAN-5” – defined by the fund as Indonesia, Malaysia, the Philippines, Thailand and Việt Nam – to grow by 5.4 per cent and 5.3 per cent in 2018 and 2019, … [Read more...] about CEOs assess business sentiment across ASEAN markets
Nguyen Thi Tuyet Mai, deputy general secretary of the Vietnam Textile and Apparel Association (VITAS) and head of VISTA’s representative office in HCMC said that last year, the two countries' bilateral turnover reached US6.46 billion, up 22.2 percent over the same period last year. Of which, Vietnam's export and import turnover with Australia was US$3.3 billion and US$3.17 billion, up 15.1 and 30.1 percent respectively compared with the same time of the previous year. The growth rate of bilateral export-import turnover between Vietnam and Australia has increased by 29 percent in the last five years. While ASEAN member countries, especially Myanmar and Indonesia, take advantage of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) and its lower tariff rates, Vietnamese businesses know so little about the benefits of AANZFTA for exporters and importers of goods, she added. Chairman of the Vietnam Textile & Apparel Association (Vitas) Vu Duc Giang said … [Read more...] about Vietnam increases market share of textiles and garments in Australia
In the majority of ASEAN households today the husband and wife both work and equally share household roles, and so brands need to adopt new marketing approaches that target couples, an ASEAN consumer forum heard in HCM City last Friday. The Hakuhodo Institute of Life and Living ASEAN, a think tank established in Thailand in 2014 by Japan’s second largest advertising company, Hakuhodo Inc., reported this in its latest research into ASEAN consumer trends at the ASEAN Sei-Katsu-Sha forum. The institute uses the term sei-katsu-sha to describe an individual as more than a consumer but as an individual with a lifestyle, aspirations and dreams. The forum, “New Perspectives on Gender Equality at Home: Who Rules the House?”, covered the division of household chores and child rearing between husbands and wives and the processes ASEAN and Vietnamese couples go through when deciding purchases. It also highlighted the implications these findings have for marketing. The research … [Read more...] about Amid changing demographics, marketing needs to target couples: study
VietNamNet Bridge - Both Vietnamese and foreign investors are rushing to pour money into coffee farms and coffee house chains as the market is very promising. But not all of them will succeed. More new coffee brands have turned up More new coffee brands have turned up in the Vietnamese coffee market, where ‘veterans’ like Trung Nguyen, Vinacafe Bien Hoa and Nestle are holding their firm positions. Three ‘big guys’ Though the trio has similar products, each has special characteristics which make them original. Trung Nguyen ranks Number 1 in terms of diversity with many coffee products, from instant to roasted coffee to civet coffee. Nescafe provides a wide range of mineral water products, food for children, and coffee and dairy products. Meanwhile, Vinacafe only focuses on products made of coffee, offering diverse coffee flavors for choice. More new coffee brands have turned up in the Vietnamese coffee market, where ‘veterans’ … [Read more...] about Is it easy to make money from Vietnam’s coffee market?