A marketplace of 200 countries and territories, and over 100 million members are the impressive numbers belonging to Alibaba.com - the world’s largest business-to-business e-commerce platform - with which Singapore’s Innovative Hub Pte., Ltd. has signed a memorandum of understanding (MoU) to expand operations in Vietnam. With the MoU, Innovative Hub, which focuses on e-commerce advisory services, can now penetrate the Vietnamese market, laying the path for the company to achieve its ambitious goal of being one of the most active and influential service providers in Southeast Asia. It plans to provide digital solutions for small- and medium-size enterprises (SMEs) in Vietnam, and wish to co-operate with manufacturers and wholesalers, associations and federations, retailers, exporters, and e-commerce and digital solution providers. This is one of 26 companies partaking in a Singaporean business mission to Vietnam last month to seek business and investment … [Read more...] about Promising signs ahead for Singapore led FDI
Wholesale e commerce platform
China Dongxiang Announces Annual Results 2018/2019
Focusing on Point-of-sale Reform ; Omni-channel Distribution of Products Starts Results Highlights (RMB million) For the fifteen months ended 31 March 2019 2018 Change Revenue 2,144 1,858 +15.4% Gross profit (before reversal of / provision for impairment losses of inventories) 1,262 1,116 +13.1 % Gross profit margin (before reversal of / provision for impairment losses of inventories) 58.9% 60.1% -1.2 pts Operating profit 1,040 1,453 -28.4% Profit attributable to equity holders of the Company 866 1,189 - 27.2% Basic and diluted earnings per share (RMB cents) 14.91 21.36 -30.2% Final dividend and special final dividend per share (RMB cents) 2.45 N/A N/A HONG KONG, CHINA - Media OutReach - 19 June 2019 - The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China … [Read more...] about China Dongxiang Announces Annual Results 2018/2019
Singaporean businesses line up to enter Vietnam
While large-scale Singaporean corporations maintain healthy interest in Vietnam, SME investment is also on the rise, Photo: Le Toan According to the Vietnamese Ministry of Foreign Affairs, bilateral trade turnover between Singapore and Vietnam doubled over the past decade to reach S$20.9 billion ($15.51 billion) in 2018. Besides, Singaporean investment in Vietnam are diversified in various geographical regions and sectors, including services, processing and manufacturing, and real estate. The Vietnamese Ministry of Planning and Investment reported that as of February 20, 2019, Singapore remained the top investor from the ASEAN bloc and third-largest foreign investor in Vietnam, with the total registered investment capital hitting $48.4 billion for 2,190 projects. Amid the recent move to increase regional integration within Southeast Asia, Singaporean investors are continuing to fund Vietnam’s various sectors with … [Read more...] about Singaporean businesses line up to enter Vietnam
BUSINESS NEWS IN BRIEF 11/11
Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
Move towards digital economy inevitable: forum
Viet Nam News HCM CITY — Digitisation of the economy is inevitable and would help HCM City achieve sustainable development and resolve its problems like traffic jams, flooding, pollution, and climate change, a forum heard in HCM City yesterday. “In HCM City 80 per cent of the population owns smart phones and it has the largest number of internet users and technology companies,” Trần Vĩnh Tuyến, deputy chairman of the city People’s Committee, said at the 2018 Việt Nam Digital Economy Forum. Deputy Minister of Information and Telecommunications Nguyễn Thành Hưng said the Government is now focusing on creating a digital economy. "We would like to learn from international and local experts about many problems," he said. “How can Việt Nam set up fast and effective digital infrastructure? How can we have a proper legal framework that can properly address existing and new issues like Grab and traditional taxis? … [Read more...] about Move towards digital economy inevitable: forum