VietNamNet Bridge - In January, Vietnam’s fashion industry received good news: the collections of designers Cong Tri and Phuong My would appear during New York Fashion Week, one of the four most influential fashion week events in the world. The aim of both My and Tri was to open shops that sell high-end made-in-Vietnam fashion products in the US. In 2017, Rhihana chose a design of Tri in his Em Hoa Collection introduced at Tokyo Fashion Week for a shoot to advertise a shoe brand. Meanwhile, Katy Perry ordered Tri three outfits for her world tour Witness. In 2017, Rhihana chose a design of Tri in his Em Hoa Collection introduced at Tokyo Fashion Week for a shoot to advertise a shoe brand. Meanwhile, Katy Perry ordered Tri three outfits for her world tour Witness. RELATED NEWS Vietnamese fashion brands make difficult comeback in home market Foreign brands dominate Vietnam’s fashion market Mai Lan … [Read more...] about Vietnam’s fashion enters the world market
World markets news
Take Five: The Year of the Bear! World markets themes for the week ahead
1. Bear hugs After swallowing markets from Germany to China, the bears reached U.S. shores in December. Markets there are fighting back but the outlook is not great. For one, growing numbers of global indices have notched up the 20 percent peak-to-trough drop denoting a bear market. U.S. stocks, which seemed invincible until mid-year, have posted the worst December performance since the Great Depression. Second, the world economic outlook is steadily darkening and upcoming PMI data should confirm that. Sure, the U.S. economy is still expanding nicely. But when high-growth, investor-darling tech stocks fall prey, it shows optimism about growth is fizzling. And segments such as the Russell 2000 small-cap benchmark are stuck deep in the bears’ lair. Small firms often carry higher debt loads than larger peers so falling share prices highlight credit risks. In Europe, Germany’s DAX fell to the bears in early December and the euro zone bank and auto sectors are down a whopping 40 … [Read more...] about Take Five: The Year of the Bear! World markets themes for the week ahead
Shares rebound with world markets
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.17 per cent to 924.16 points. — Photo freedomsphoenix.com The market recovered strongly on Thursday morning thanks to optimistic investors and positive information from the global market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.17 per cent to 924.16 points. It added 0.39 per cent to close at 922.56 points on Wednesday. On the Ha Noi Stock Exchange, the HNX-Index climbed 1.08 per cent to end at 105.02 points. It slipped 0.01 per cent to end at 103.90 points on Wednesday. Nearly 106 million shares worth a combined VND2.3 trillion (US$99 million) were traded on the two bourses. World stock markets rose on Wednesday, with Wall Street tipping higher on gains in technology and energy shares, while oil rebounded from a steep sell-off as U.S. government data pointed to strong demand. Oil prices rose about $1 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government … [Read more...] about Shares rebound with world markets
BUSINESS NEWS IN BRIEF 27/8
Bac Ninh industrial parks play significant role in local economy Industrial parks of the northern province of Bac Ninh have made up 70 percent of industrial production value, over 90 percent of exports and 51.7 percent of budget collection of the locality. The figures were given at a conference on August 24 to review 20 years of forming and developing local industrial parks. According to Chairman of the provincial People’s Committee Nguyen Tu Quynh, the introduction of the Management Board of Bac Ninh Industrial Parks 20 years ago is a breakthrough step showing the vision and mindset of provincial leaders in mobilising resources, investment to boost industry’s growth. After two decades, the industrial parks have become an important part of the local economy, promoting the economic structure transform, while improving the province’s capacity in production and technology transfer, enhancing production efficiency and engaging deeper into the global production chain. … [Read more...] about BUSINESS NEWS IN BRIEF 27/8
BUSINESS NEWS IN BRIEF 26/8
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8