Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
Agricultural sector in indian economy
A workshop was held in New Delhi, India on September 29 to promote Vietnamese agricultural products in the country. The event, jointly organised by the Ministry of Agriculture and Rural Development (MARD), the Embassy of Vietnam in India and the Federation of Indian Export Organisations (FIEO), forms part of activities of the MARD’s 2015 trade promotion programme. It hosted FIEO President S. C Rathan, MARD Deputy Minister Vu Van Tam, Vietnamese Ambassador to India Ton Sinh Thanh and representatives from Indian and Vietnamese enterprises. Addressing the event, FIEO President S.C. Ralhan reiterated that Vietnam is an important partner of India in the Southeast Asian region, adding that bilateral trade between the two nations has increased year-on-year. Vietnam has actively participated in a number of regional forums such as the Association of Southeast Asian Nations (ASEAN), the East Asian Summit (EAS), the Mekong-Ganga Cooperation Organisation, the Asian European Meeting … [Read more...] about Bản in : Vietnam seeks agricultural trade with India
Vietnamese farmers taken in by Chinese partners Many Vietnamese traders have been working with Chinese partners in deals that ultimately cheat Vietnamese farmers. Recently, Vietnamese traders, along with Chinese partners, create an increase in sweet potato prices. Due to the high prices, in recent years many farmers in Binh Tan District, Vinh Long Province, rushed change their plots from rice paddies and grow sweet potatoes. Impromptu trading areas have been set up where sweet potatoes are sold to traders in order to fulfill their contracts with Chinese partners. Most of these are in Binh Minh and Binh Tan districts certifying their standards. However, once farmers have changed their crops, the traders work together to force the prices down again because of the high supply. At their height, prices were around VND1 million (USD47.6) per 60kg, while after the price-fixing they dropped as low as VND200,000. Meanwhile, most contracts between farmers and traders are based on verbal … [Read more...] about BUSINESS IN BRIEF 22/6
After René Castro-Salazar attended the first U.N.-led climate talks in Berlin in 1985 as Costa Rica's environment and energy minister, he tried to talk about agriculture and climate change - but few wanted to join the conversation. "There was always opposition - and we couldn't understand why," said Castro, now assistant director-general at the United Nations' Food and Agriculture Organization (FAO). To him, the need to tackle the topic was clear. Agriculture, forestry and other land uses together account for nearly a quarter of the greenhouse gas emissions heating up the planet, according to the FAO. Cutting these is essential if the world is to keep global temperature rise to a manageable level, said Castro. Farms and forests can also store large amounts of carbon, and simple actions by all countries could result in immediate environmental benefits, he told the Thomson Reuters Foundation. In the early years, the climate negotiations focused on reducing emissions from the energy … [Read more...] about Can agriculture and the climate fix their ‘unhappy marriage’ in 2018?
EC drops anti-subsidy probe into PSF products Following a 12 month enquiry, the European Commission (EC) has recently decided not to impose anti-subsidy duties against Vietnamese imports of polyester staple fibres (PSF), according to the Vietnam Competition Authority (VCA). In particular, the VCA found that Vietnam’s subsidy margin, which is 1.25%, does not exceed the maximum allowed rate of 2% and therefore the subsidy investigation should be ended. Earlier on December 19, 2013, the European Man-made Fibres Association lodged a complaint requesting the EU impose anti-subsidy duties on PSF exports from Vietnam. The examination period was from October 1, 2012 to September 30, 2013. Accordingly, Vietnam’s preferential and incentive policies and programmes were thoroughly reviewed by the EU. The MoIT effectively co-ordinated with relevant agencies and localities to respond fully and accurately to the questionnaire sent by the EU a VCA representative said, adding that … [Read more...] about BUSINESS IN BRIEF 28/12