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Amazon shakes hands with T&T Group and SHB to boost cross-border e-commerce in Vietnam At the cross-border e-commerce workshop titled “Reaching the ocean” early this month, US-backed Amazon Global Selling officially announced its partnership with T&T Group and local bank SHB. However, there have been few recent days when SHB's stock closed higher than it began – on the contrary, it has been falling significantly. As of the end of the session on December 9, SHB was at VND6,100 ($0.26), lower than the VND6,800 ($0.3) in late June. Forecasting dim prospects for SHB, Saigon-Hanoi Insurance Corporation divested all of its capital worth VND55 billion ($2.4 million) in July. As a result, the tie-up with SHB may not be enough to move forward Amazon’s plans in Vietnam. Amazon started carrying out cross-border e-commerce in the market a few months ago by supporting local SMEs in improving their export performance. Specifically, on October 16, Amazon Global … [Read more...] about Partnership with SHB may be little aid for Amazon in Vietnam

New role created in response to increased demand for trusted news in turbulent geopolitical environment.LONDON, UK/NEW YORK, US - Media OutReach - 10 December 2019 - Refinitiv has appointed Richard Mably as Head of News Performance to enhance the value of Refinitiv's extensive news coverage to help power and advance the financial community. Refinitiv is the largest distributor of news to the global financial community, with more news sources than any other provider and over 40,000 customers in approximately 190 countries.The appointment will enhance Refinitiv's role as a distributor of trusted news to the global financial community. Richard will bring his extensive editorial experience to Refinitiv, with a remit to identify and invest in the most valuable news to customers. Richard has extensive journalistic and editorial experience across some of the world's leading news agencies, with 25 years at Reuters across a number of roles, including EMEA … [Read more...] about Refinitiv appoints news industry veteran as Head of News Performance

 While the Government has announced the CPI in January-April was at its lowest level in three years, the National Assembly (NA) Economic Committee has voiced concern over the possible recurrence of high inflation. Workers fix power lines in HCMC. The recent electricity and gasoline price hikes have sent production costs and consumer goods prices soaring A Cabinet member said in a report at a meeting of the NA Standing Committee on May 8 that the average CPI in the first four months rose 2.71% from a year earlier, the lowest in three years. The Ministry of Industry and Trade also said in its report released on the same day that the hikes in gasoline and electricity prices had caused knock-on effects on consumer prices in the four-month period. However, the effects of African swine fever on the psychology of consumers, and the adoption of a flexible monetary policy for macroeconomic stability helped rein in inflation. The CPI in April inched up 0.31% month-on-month, and as a … [Read more...] about NA concerned about inflation pressure

Production of electronic components at TPR Vietnam Co. Ltd at the Việt Nam-Singapore Industrial Park II (VSIP II) in the southern province of Bình Dương. — VNA/VNS Photo Hải Âu HÀ NỘI – There are nine key tasks that must be accomplished in 2019-20 to restructure Viet Nam’s economy, according to the Minister of Planning and Industry Nguyễn Chí Dũng. Minister Dũng told the National Assembly on Monday afternoon that the Government needed to improve the mechanisms of the market-oriented economy to restructure the economy. Private companies and people must be empowered and given more incentives and reductions in taxes and administrative procedures to nurture their business development, he said. Secondly, a competitive market must be built on two main pillars: better allocation of resources for the private sector and better practice of property rights, Dũng said. In addition, the Government has to … [Read more...] about NA talks key tasks for next stage of economic growth