Viettel among investors of new high-speed under-sea cable ADC The telecom giant Viettel on June 19 announced it is among the members of a consortium developing a high-performance under-sea cable connecting Vietnam, China, Japan, the Philippines, Singapore and Thailand. … [Read more...] about How are SOEs’ outward investment projects performing?
Us china business
HCM City (VNS/VNA) - Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS). The US, EU and China had been the biggest markets. Exports to the US increased by nearly 10 percent in terms of value and accounted for 32 percent of the total. Exports to China fell by nearly 44 percent and accounted for 8 percent. Average prices were 14 percent down. According to experts, due to falling prices, some customers sought to renegotiate them and also demanded more in terms of quality and traceability. This year too domestic prices were higher than export prices at some certain times, causing difficulties for businesses, they said. Exports remained good in the first half, but the rest of the year is a big question since cashew is not an essential or … [Read more...] about Cashew nut exports up 1 percent in H1
The Japan External Trade Organization (JETRO) has released a list of 30 Japanese firms that are poised to receive subsidies from its government to move production facilities from China to Southeast Asian countries, with half of the list eyeing Viet Nam as a possible destination, local media reported. … [Read more...] about Nikkei Asian Review: Samsung Electronics looks to shift production to VN
Trump, who has locked horns with China on a range of issues including trade and the coronavirus pandemic, has set a deadline of mid-September for TikTok to be acquired by a US firm or be banned in the United States. … [Read more...] about Trump orders ban on dealings with TikTok’s Chinese owner
In a press release yesterday, SBV said the increase of gold prices was due to the increasing demand for investment in gold as a safe asset in the current period. Many governments and central banks implemented economic stimulus packages to limit the negative impact of the COVID-19 pandemic on the economy. … [Read more...] about Gold prices go up, VN central bank commits to stabilise market